HB Wealth Management LLC Buys 2,909 Shares of Datadog, Inc. $DDOG

HB Wealth Management LLC raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 52.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,471 shares of the company’s stock after buying an additional 2,909 shares during the quarter. HB Wealth Management LLC’s holdings in Datadog were worth $1,000,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DDOG. State Street Corp increased its holdings in Datadog by 106.8% during the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after acquiring an additional 7,091,075 shares during the period. Norges Bank bought a new position in Datadog in the 4th quarter valued at $469,461,000. Jennison Associates LLC boosted its holdings in 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. grew 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 valued at $580,383,000 after purchasing an additional 2,216,402 shares in the last quarter. Finally, Employees Provident Fund Board bought a new position in shares of Datadog in the fourth quarter worth $251,582,000. 78.29% of the stock is currently owned by institutional investors.

Datadog Stock Up 1.7%

Shares of NASDAQ:DDOG opened at $261.09 on Thursday. The stock has a market capitalization of $92.94 billion, a P/E ratio of 687.10, a price-to-earnings-growth ratio of 26.11 and a beta of 1.54. The stock’s 50-day moving average price is $221.33 and its 200-day moving average price is $158.62. 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, Inc. has a 12-month low of $98.01 and a 12-month high of $278.70.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The company 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%.Datadog’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $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, equities analysts anticipate that Datadog, Inc. will post 0.64 earnings per share for the current year.

Analysts Set New Price Targets

DDOG has been the topic of a number of recent analyst reports. CICC Research increased their price objective on Datadog from $150.00 to $204.00 in a research report on Monday, May 11th. Scotiabank upped their target price on Datadog from $225.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Needham & Company LLC raised their price target on Datadog from $225.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Barclays lifted their price target on Datadog from $215.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Finally, The Goldman Sachs Group boosted their price objective on Datadog from $121.00 to $139.00 and gave the stock a “sell” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $244.73.

Datadog News Summary

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’

Insiders Place Their Bets

In other Datadog news, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $271.05, for a total transaction of $14,612,847.60. Following the completion of the sale, the chief technology officer directly owned 531,311 shares in the company, valued at $144,011,846.55. The trade was a 9.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $248.78, for a total transaction of $29,853,600.00. Following the sale, the director directly owned 39,235 shares of the company’s stock, valued at $9,760,883.30. The trade was a 75.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,405,621 shares of company stock valued at $309,070,507. 6.48% of the stock is currently owned by company insiders.

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.