3,624 Shares of Datadog, Inc. $DDOG Acquired by USA Financial Formulas

USA Financial Formulas purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,624 shares of the company’s stock, valued at approximately $992,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DDOG. Integrated Wealth Concepts LLC lifted its stake in Datadog by 1,691.4% during the second quarter. Integrated Wealth Concepts LLC now owns 186,216 shares of the company’s stock valued at $48,483,000 after purchasing an additional 175,821 shares during the last quarter. Congress Asset Management Co. boosted its holdings in Datadog by 3.0% during the third quarter. Congress Asset Management Co. now owns 268,825 shares of the company’s stock worth $71,350,000 after buying an additional 7,802 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Datadog by 7,711.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 94,048 shares of the company’s stock worth $25,755,000 after buying an additional 92,844 shares in the last quarter. Cooper Financial Group grew its position in Datadog by 188.1% in the third quarter. Cooper Financial Group now owns 20,934 shares of the company’s stock worth $5,733,000 after buying an additional 13,669 shares during the last quarter. Finally, iA Global Asset Management Inc. grew its position in Datadog by 133.7% in the first quarter. iA Global Asset Management Inc. now owns 94,540 shares of the company’s stock worth $11,160,000 after buying an additional 54,084 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on DDOG. Cantor Fitzgerald upped their price target on Datadog from $226.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. KeyCorp increased their price objective on Datadog from $225.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Citizens Jmp raised their price objective on Datadog from $225.00 to $311.00 and gave the stock a “market outperform” rating in a research note on Monday, July 20th. The Goldman Sachs Group reissued a “sell” rating and set a $158.00 price objective on shares of Datadog in a research note on Friday, August 7th. Finally, Canaccord Genuity Group lifted their target price on Datadog from $250.00 to $295.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $281.18.

Datadog Price Performance

DDOG stock opened at $247.11 on Friday. Datadog, Inc. has a one year low of $98.01 and a one year high of $300.68. The firm has a 50-day moving average of $246.68 and a two-hundred day moving average of $221.26. The firm has a market capitalization of $88.73 billion, a PE ratio of 504.32, a P/E/G ratio of 24.12 and a beta of 1.51. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period last year, the company posted $0.46 earnings per share. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. On average, analysts forecast that Datadog, Inc. will post 0.70 earnings per share for the current year.

Insiders Place Their Bets

In other Datadog news, CRO Sean Walters sold 11,710 shares of Datadog stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $221.04, for a total transaction of $2,588,378.40. Following the transaction, the executive directly owned 233,135 shares in the company, valued at approximately $51,532,160.40. The trade was a 4.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Obstler sold 10,000 shares of the business’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $241.25, for a total transaction of $2,412,500.00. Following the sale, the chief financial officer directly owned 368,067 shares in the company, valued at approximately $88,796,163.75. This trade represents a 2.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 991,988 shares of company stock worth $241,440,796 in the last quarter. Corporate insiders own 6.48% of the company’s stock.

Datadog Company Profile

Datadog, Inc is a technology company that provides a cloud-based monitoring and security platform for applications, infrastructure and other technology environments. Its platform helps organizations collect, analyze and visualize data from servers, databases, containers, cloud services, applications and user interactions in a unified environment.

Datadog’s products include infrastructure monitoring, application performance monitoring, log management, real user monitoring, synthetic monitoring, network performance monitoring, cloud security, software delivery tools and incident-management capabilities.