ProShare Advisors LLC Grows Position in Datadog, Inc. $DDOG

ProShare Advisors LLC increased its position in Datadog, Inc. (NASDAQ:DDOG) by 38.2% in the fourth quarter, HoldingsChannel reports. The firm owned 583,807 shares of the company’s stock after purchasing an additional 161,388 shares during the quarter. ProShare Advisors LLC’s holdings in Datadog were worth $79,392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DDOG. Vanguard Group Inc. lifted its stake in shares of Datadog by 30.3% in the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after purchasing an additional 9,748,738 shares during the period. State Street Corp lifted 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 valued at $1,955,547,000 after purchasing an additional 7,091,075 shares during the period. Jennison Associates LLC lifted its stake in shares of Datadog by 43.7% in 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. lifted its stake in shares of Datadog by 119.2% in the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock valued at $580,383,000 after purchasing an additional 2,216,402 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Datadog by 99.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,847,722 shares of the company’s stock valued at $247,983,000 after purchasing an additional 923,038 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DDOG. Benchmark restated a “buy” rating on shares of Datadog in a research note on Thursday, May 7th. Cantor Fitzgerald lowered their price objective on Datadog from $220.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. TD Cowen lifted their price objective on Datadog from $190.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Truist Financial lifted their price objective on Datadog from $120.00 to $190.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Finally, Bank of America lowered their price objective on Datadog from $215.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $213.38.

Insiders Place Their Bets

In other Datadog news, Director Matthew Jacobson sold 52,832 shares of Datadog stock in a transaction on Friday, May 8th. The stock was sold at an average price of $189.28, for a total value of $10,000,040.96. Following the completion of the sale, the director owned 622,726 shares of the company’s stock, valued at approximately $117,869,577.28. This trade represents a 7.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie Richardson sold 1,930 shares of Datadog stock in a transaction on Friday, May 8th. The stock was sold at an average price of $185.82, for a total value of $358,632.60. Following the completion of the sale, the director directly owned 2,106 shares of the company’s stock, valued at approximately $391,336.92. The trade was a 47.82% 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. In the last quarter, insiders have sold 842,739 shares of company stock worth $121,023,123. 6.48% of the stock is owned by corporate insiders.

Datadog Stock Up 3.0%

Shares of NASDAQ:DDOG opened at $215.15 on Wednesday. The stock has a fifty day simple moving average of $138.70 and a two-hundred day simple moving average of $139.74. The stock has a market capitalization of $76.58 billion, a price-to-earnings ratio of 566.20, a PEG ratio of 67.81 and a beta of 1.30. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $215.68. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, May 7th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $960.12 million. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The company’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter last 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. On average, research analysts anticipate that Datadog, Inc. will post 0.35 earnings per share for the current fiscal year.

About Datadog

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.