Elevation Point Wealth Partners LLC Grows Stock Position in Datadog, Inc. $DDOG

Elevation Point Wealth Partners LLC grew its holdings in Datadog, Inc. (NASDAQ:DDOG) by 81.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,657 shares of the company’s stock after acquiring an additional 2,084 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Datadog were worth $550,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new position in shares of Datadog in the 3rd quarter valued at approximately $27,000. CoreCap Advisors LLC grew its position in Datadog by 1,461.5% during the 4th quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after purchasing an additional 190 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Datadog during the 4th quarter valued at approximately $31,000. NBC Securities Inc. raised its holdings in shares of Datadog by 242.6% in the fourth quarter. NBC Securities Inc. now owns 233 shares of the company’s stock worth $32,000 after buying an additional 165 shares during the last quarter. Finally, Rothschild Investment LLC raised its holdings in shares of Datadog by 52.5% in the fourth quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock worth $37,000 after buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Datadog from $195.00 to $220.00 and gave the company a “buy” rating in a report on Friday, May 8th. Raymond James Financial upped their price objective on shares of Datadog from $170.00 to $220.00 in a research report on Thursday, May 7th. Evercore increased their target price on shares of Datadog from $225.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Canaccord Genuity Group upped their target price on Datadog from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Finally, Craig Hallum began coverage on shares of Datadog in a research note on Monday, June 15th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $244.73.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $271.05, for a total value of $14,612,847.60. Following the transaction, the chief technology officer directly owned 531,311 shares in the company, valued at approximately $144,011,846.55. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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. Also, Director Dev Ittycheria sold 120,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $248.78, for a total value of $29,853,600.00. Following the completion of the transaction, the director owned 39,235 shares of the company’s stock, valued at $9,760,883.30. The trade was a 75.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,405,621 shares of company stock worth $309,070,507 over the last ninety days. 6.48% of the stock is currently owned by insiders.

Trending Headlines about Datadog

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Analysts remain broadly constructive on Datadog after its last earnings report topped expectations, with revenue above estimates and management’s FY2026 outlook reinforcing confidence in continued growth.
• Positive Sentiment: Benchmark raised its price target on Datadog to a Street-high $330 and kept a Buy rating, citing strong execution and customer momentum in the company’s product-led growth business. Benchmark Lifts PT on Datadog (DDOG), Remains Bullish
• Positive Sentiment: Datadog’s acquisition of Adaptive ML and its broader AI investment plans are keeping the stock in focus as investors look for upside from AI-enabled observability and automation. Datadog (DDOG): The Best High Growth Cybersecurity Stock to Buy Now
• Positive Sentiment: Zacks upgraded Datadog to a Strong Buy, signaling improving near-term earnings sentiment that could support additional buying interest. Datadog (DDOG) Moves to Strong Buy: Rationale Behind the Upgrade
• Neutral Sentiment: Several insiders disclosed pre-arranged Rule 10b5-1 stock sales, including directors Amit Agarwal and Michael James Callahan, which may weigh on sentiment but do not necessarily indicate a change in fundamentals. SEC filing
• Negative Sentiment: Bernstein downgraded Datadog to Market Perform, warning that growth could slow and that investor expectations may be running ahead of near-term fundamentals. This Analyst Just Downgraded Datadog Stock. Here’s Why.
• Negative Sentiment: Bernstein also flagged a possible “Q4 problem” for Datadog’s AI growth story, raising concern that the stock’s sharp run-up may leave little room for disappointment. Datadog in spotlight as Bernstein downgrades, citing upcoming ‘caution’

Datadog Trading Up 1.7%

Shares of Datadog stock opened at $261.09 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40. The stock’s 50 day simple moving average is $221.33 and its 200-day simple moving average is $158.62. The stock has a market cap of $92.94 billion, a P/E ratio of 687.10, a P/E/G ratio of 26.11 and a beta of 1.54. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $278.70.

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