Datadog, Inc. $DDOG Stock Acquired by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC boosted its position in Datadog, Inc. (NASDAQ:DDOG) by 636.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,970 shares of the company’s stock after acquiring an additional 14,666 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Datadog were worth $4,647,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Cornerstone Financial Management LLC lifted its position in Datadog by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock worth $33,000 after acquiring an additional 45 shares in the last quarter. State of Wyoming increased its stake in Datadog by 4.1% during the 1st quarter. State of Wyoming now owns 1,946 shares of the company’s stock worth $230,000 after buying an additional 76 shares during the period. Roberts Wealth Advisors LLC increased its stake in Datadog by 0.6% during the 3rd quarter. Roberts Wealth Advisors LLC now owns 15,720 shares of the company’s stock worth $4,305,000 after buying an additional 91 shares during the period. Ancora Advisors LLC lifted its holdings in Datadog by 44.1% in the 2nd quarter. Ancora Advisors LLC now owns 307 shares of the company’s stock worth $80,000 after buying an additional 94 shares in the last quarter. Finally, Quadcap Wealth Management LLC lifted its holdings in Datadog by 5.5% in the 1st quarter. Quadcap Wealth Management LLC now owns 1,970 shares of the company’s stock worth $233,000 after buying an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In other Datadog news, insider Yanbing Li sold 12,700 shares of Datadog stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $221.26, for a total value of $2,810,002.00. Following the completion of the transaction, the insider directly owned 250,446 shares in the company, valued at $55,413,681.96. The trade was a 4.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Obstler sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $241.25, for a total value of $2,412,500.00. Following the transaction, the chief financial officer directly owned 368,067 shares of the company’s stock, valued at $88,796,163.75. This trade represents a 2.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 991,988 shares of company stock worth $241,440,796. 6.48% of the stock is owned by company insiders.

Analyst Ratings Changes

DDOG has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce raised their price objective on Datadog from $280.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, October 9th. Mizuho set a $330.00 target price on Datadog in a research report on Thursday. Scotiabank increased their target price on Datadog from $275.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Wedbush assumed coverage on shares of Datadog in a research report on Friday, September 11th. They set an “outperform” rating and a $275.00 price target for the company. Finally, Raymond James Financial restated an “outperform” rating and issued a $280.00 price target on shares of Datadog in a research note on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $281.18.

Datadog Stock Down 2.6%

NASDAQ DDOG traded down $7.07 on Thursday, hitting $262.26. 1,348,404 shares of the stock traded hands, compared to its average volume of 5,153,543. The stock has a 50-day moving average of $245.68 and a 200 day moving average of $220.01. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $300.68. The company has a market capitalization of $94.17 billion, a P/E ratio of 536.96, a price-to-earnings-growth ratio of 27.65 and a beta of 1.51. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The business’s revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS. 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, analysts expect that Datadog, Inc. will post 0.70 earnings per share for the current fiscal year.

About Datadog

Datadog, Inc is a software company that provides a cloud-based monitoring, observability and security platform. Its services help organizations collect, analyze and visualize data from applications, infrastructure, networks, databases and other technology environments, enabling them to identify performance issues, manage incidents and improve digital services.

The company’s product offerings include infrastructure monitoring, application performance monitoring, log management, database and network monitoring, real user and synthetic experience monitoring, cloud security, software supply chain security, incident management and workflow automation.