Sumitomo Mitsui Trust Group Inc. Has $103.19 Million Holdings in Datadog, Inc. $DDOG

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 874,097 shares of the company’s stock after selling 2,573 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.25% of Datadog worth $103,187,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. State Street Corp increased its holdings in Datadog by 106.8% in the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after buying an additional 7,091,075 shares during the period. Norges Bank bought a new stake in shares of Datadog during the 4th quarter worth approximately $469,461,000. Jennison Associates LLC lifted its holdings 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 worth $1,036,787,000 after acquiring an additional 2,316,994 shares during the period. Invesco Ltd. boosted its position in shares of Datadog by 119.2% during the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock worth $580,383,000 after acquiring an additional 2,216,402 shares in the last quarter. Finally, Employees Provident Fund Board acquired a new stake in shares of Datadog during the 4th quarter worth approximately $251,582,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Price Performance

Shares of NASDAQ:DDOG traded down $11.46 during trading on Friday, hitting $257.54. 5,133,482 shares of the company were exchanged, compared to its average volume of 4,365,074. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $278.70. The company has a market capitalization of $91.67 billion, a P/E ratio of 677.75, a price-to-earnings-growth ratio of 27.35 and a beta of 1.54. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $226.55 and its 200-day moving average is $160.21.

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

Insider Activity

In related news, General Counsel Kerry Acocella sold 5,371 shares of Datadog stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $233.91, for a total transaction of $1,256,330.61. Following the sale, the general counsel directly owned 127,866 shares in the company, valued at $29,909,136.06. This trade represents a 4.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 84,698 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $232.30, for a total transaction of $19,675,345.40. Following the sale, the chief executive officer directly owned 612,747 shares in the company, valued at $142,341,128.10. The trade was a 12.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,459,533 shares of company stock valued at $322,938,830. 6.48% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. New Street Research set a $260.00 price objective on shares of Datadog in a research report on Thursday, June 11th. Morgan Stanley raised Datadog from an “overweight” rating to an “overweight” rating in a report on Monday, June 15th. Rosenblatt Securities lifted their price target on Datadog from $178.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $226.00 price target on shares of Datadog in a report on Thursday, June 11th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price objective on shares of Datadog in a research report on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.73.

Key Stories Impacting Datadog

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Needham reportedly reiterated a Buy rating and raised its price target, adding to the bullish analyst tone around Datadog’s cloud and AI growth prospects. Article link
• Positive Sentiment: Zacks Research upgraded Datadog from “hold” to “strong-buy,” reinforcing expectations that analysts see more upside ahead. Article link
• Positive Sentiment: Market commentary highlighted Datadog as one of several internet stocks with solid upside potential, citing AI-led growth, cloud demand, and enterprise adoption. Article link
• Positive Sentiment: Recent coverage emphasized Datadog’s AI-driven momentum, including revenue above $1 billion, record new logo bookings, and new AI-focused product launches that could support long-term growth. Article link
• Neutral Sentiment: Several articles focused on whether Datadog’s strong run and AI enthusiasm have already been priced in, with some analysts noting the stock still looks expensive on sales despite fair value on cash flow. Article link
• Neutral Sentiment: Datadog’s short-interest update showed no meaningful short position data change, so it does not appear to be a major trading driver.
• Negative Sentiment: One report noted insider selling, with Amit Agarwal disposing of 20,000 shares, which can add some caution around near-term sentiment. Article link

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.