Trust Asset Management LLC Makes New Investment in Datadog, Inc. $DDOG

Trust Asset Management LLC purchased a new stake in Datadog, Inc. (NASDAQ:DDOG) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,638 shares of the company’s stock, valued at approximately $429,000.

A number of other institutional investors have also recently bought and sold shares of DDOG. Price T Rowe Associates Inc. MD boosted its stake in Datadog by 7.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,423,814 shares of the company’s stock worth $1,961,496,000 after purchasing an additional 956,993 shares during the period. State Street Corp raised 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. Geode Capital Management LLC lifted its holdings in shares of Datadog by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,056,086 shares of the company’s stock valued at $1,227,184,000 after purchasing an additional 197,816 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Datadog by 43.7% in the fourth 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 in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Datadog by 119.2% during the third quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock worth $580,383,000 after buying an additional 2,216,402 shares during the period. Institutional investors own 78.29% of the company’s stock.

Key Datadog News

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Needham & Company raised its price target on Datadog from $225 to $260 and reiterated a Buy rating, signaling confidence in additional upside for the cloud software company. Needham Raises Datadog Price Target to $260
• Positive Sentiment: Datadog continues to benefit from broadly favorable Wall Street sentiment, with multiple firms maintaining Buy/Outperform ratings and consensus targets above the current trading range, reinforcing the bullish view on earnings and revenue growth.
• Neutral Sentiment: Datadog reported strong recent quarterly results, including EPS and revenue above estimates, plus 32.1% year-over-year revenue growth, which remains a key long-term support for the stock.
• Neutral Sentiment: Short-interest data showed no meaningful short position, so there is no evidence of significant bearish positioning in the stock at this time.
• Negative Sentiment: Insider selling may be weighing a bit on sentiment: CTO Alexis Le-Quoc sold 43,224 shares, and Director Amit Agarwal sold 20,000 shares, both under pre-arranged 10b5-1 trading plans. Those sales are notable, but the planned nature of the transactions makes them less alarming than discretionary selling.

Insider Activity

In other news, CEO Olivier Pomel sold 127,141 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $199.84, for a total transaction of $25,407,857.44. Following the sale, the chief executive officer owned 835,679 shares in the company, valued at $167,002,091.36. This represents a 13.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $271.05, for a total value of $14,612,847.60. Following the completion of the sale, the chief technology officer directly owned 531,311 shares of the company’s stock, valued at approximately $144,011,846.55. The trade was a 9.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 1,455,364 shares of company stock worth $306,341,930. Corporate insiders own 6.48% of the company’s stock.

Analysts Set New Price Targets

DDOG has been the subject of a number of research reports. BMO Capital Markets reiterated an “outperform” rating and set a $260.00 price objective on shares of Datadog in a report on Friday, June 12th. Monness Crespi & Hardt boosted their target price on Datadog from $255.00 to $270.00 in a research note on Thursday, May 7th. Citizens Jmp raised Datadog from a “market perform” rating to an “outperform” rating and set a $225.00 price target for the company in a research report on Thursday, May 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $226.00 price target on shares of Datadog in a research note on Thursday, June 11th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Datadog in a research note on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $242.09.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $220.94 on Friday. The stock has a market capitalization of $78.65 billion, a price-to-earnings ratio of 581.44, a PEG ratio of 23.40 and a beta of 1.56. The business has a 50-day moving average of $198.23 and a 200-day moving average of $151.61. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $278.70.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the company posted $0.46 earnings per share. Datadog’s revenue was up 32.1% on a year-over-year basis. 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, sell-side analysts predict that Datadog, Inc. will post 0.62 earnings per share for the current fiscal year.

Datadog 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.