Kirtland Hills Capital Management LLC Takes Position in Datadog, Inc. $DDOG

Kirtland Hills Capital Management LLC acquired a new position in Datadog, Inc. (NASDAQ:DDOG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,128 shares of the company’s stock, valued at approximately $554,000.

Other large investors have also added to or reduced their stakes in the company. State Street Corp increased its stake 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 last quarter. Norges Bank acquired a new position in shares of Datadog during the 4th quarter worth about $469,461,000. Jennison Associates LLC grew its holdings 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 acquiring an additional 2,316,994 shares in the last quarter. Invesco Ltd. grew its holdings 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 acquiring an additional 2,216,402 shares in the last quarter. Finally, Employees Provident Fund Board acquired a new stake in shares of Datadog in the fourth quarter valued at about $251,582,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on DDOG shares. Citigroup increased their price target on Datadog from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Wolfe Research reaffirmed an “outperform” rating and set a $295.00 price target on shares of Datadog in a research report on Thursday, June 11th. BTIG Research upped their price objective on Datadog from $255.00 to $289.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Sanford C. Bernstein downgraded Datadog from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $180.00 to $226.00 in a report on Monday, July 6th. Finally, New Street Research set a $260.00 target price on shares of Datadog in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus price target of $276.32.

Insider Activity at Datadog

In related news, CEO Olivier Pomel sold 127,141 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $231.69, for a total transaction of $29,457,298.29. Following the sale, the chief executive officer owned 612,747 shares of the company’s stock, valued at $141,967,352.43. This represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction 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 owned 531,311 shares in the company, valued at approximately $144,011,846.55. This trade represents a 9.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last three months, insiders sold 1,512,188 shares of company stock valued at $374,502,256. 6.48% of the stock is currently owned by company insiders.

Datadog Trading Up 1.3%

Shares of Datadog stock opened at $235.62 on Friday. The firm has a 50-day moving average of $249.81 and a 200-day moving average of $185.94. The stock has a market cap of $84.61 billion, a PE ratio of 480.87, a PEG ratio of 23.12 and a beta of 1.54. Datadog, Inc. has a 52-week low of $98.01 and a 52-week high of $292.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the firm earned $0.46 earnings per share. Datadog’s revenue for the quarter was up 35.6% compared to the same quarter last year. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. As a group, sell-side analysts forecast that Datadog, Inc. will post 0.7 EPS for the current 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.