Sequoia Financial Advisors LLC Grows Holdings in Datadog, Inc. $DDOG

Sequoia Financial Advisors LLC raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 52.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,210 shares of the company’s stock after buying an additional 3,156 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Datadog were worth $1,087,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Datadog by 106.8% in the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after buying an additional 7,091,075 shares during the last quarter. Norges Bank bought a new stake in Datadog during the 4th quarter worth approximately $469,461,000. Jennison Associates LLC raised its position in shares of Datadog by 43.7% during the 4th quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock valued at $1,036,787,000 after purchasing an additional 2,316,994 shares during the period. Invesco Ltd. raised its holdings in Datadog by 119.2% during the third quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock valued at $580,383,000 after acquiring an additional 2,216,402 shares during the period. Finally, Employees Provident Fund Board purchased a new position in shares of Datadog in the fourth quarter valued at about $251,582,000. Institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Shares of DDOG stock opened at $258.69 on Friday. The firm has a market capitalization of $92.08 billion, a price-to-earnings ratio of 680.78, a PEG ratio of 26.67 and a beta of 1.54. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $278.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40. The stock’s 50-day simple moving average is $236.67 and its 200-day simple moving average is $164.54.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $960.12 million. Datadog had a net margin of 3.69% and a return on equity of 4.83%. Datadog’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, equities analysts forecast that Datadog, Inc. will post 0.64 earnings per share for the current fiscal year.

Insider Activity at Datadog

In related news, Director Michael James Callahan sold 12,500 shares of Datadog stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $267.47, for a total transaction of $3,343,375.00. Following the transaction, the director owned 14,996 shares in the company, valued at approximately $4,010,980.12. This trade represents a 45.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Amit Agarwal sold 20,000 shares of the business’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $267.41, for a total value of $5,348,200.00. Following the transaction, the director directly owned 1,640 shares in the company, valued at $438,552.40. This trade represents a 92.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,459,533 shares of company stock worth $325,887,030 in the last quarter. Corporate insiders own 6.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DDOG shares. New Street Research set a $260.00 target price on Datadog in a research report on Thursday, June 11th. Canaccord Genuity Group lifted their price objective on shares of Datadog from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Piper Sandler reiterated an “overweight” rating and issued a $275.00 target price (up from $230.00) on shares of Datadog in a report on Wednesday, June 10th. Daiwa Securities Group increased their price objective on shares of Datadog from $190.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Zacks Research upgraded Datadog from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $251.55.

Datadog Company Profile

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.