Howard Capital Management LLC Buys 7,833 Shares of Datadog, Inc. $DDOG

Howard Capital Management LLC boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 83.6% in the third quarter, Holdings Channel reports. The firm owned 17,202 shares of the company’s stock after acquiring an additional 7,833 shares during the period. Howard Capital Management LLC’s holdings in Datadog were worth $4,711,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC lifted its stake in shares of Datadog by 1,691.4% in the second quarter. Integrated Wealth Concepts LLC now owns 186,216 shares of the company’s stock worth $48,483,000 after buying an additional 175,821 shares during the last quarter. Congress Asset Management Co. boosted its holdings in shares of Datadog by 3.0% during the 3rd quarter. Congress Asset Management Co. now owns 268,825 shares of the company’s stock worth $71,350,000 after buying an additional 7,802 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Datadog by 7,711.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 94,048 shares of the company’s stock worth $25,755,000 after buying an additional 92,844 shares during the period. Cooper Financial Group grew its stake in Datadog by 188.1% in the 3rd quarter. Cooper Financial Group now owns 20,934 shares of the company’s stock valued at $5,733,000 after buying an additional 13,669 shares during the last quarter. Finally, iA Global Asset Management Inc. grew its stake in Datadog by 133.7% in the 1st quarter. iA Global Asset Management Inc. now owns 94,540 shares of the company’s stock valued at $11,160,000 after buying an additional 54,084 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $253.36, for a total value of $13,659,144.32. Following the completion of the sale, the chief technology officer owned 509,805 shares in the company, valued at approximately $129,164,194.80. This trade represents a 9.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 127,141 shares of Datadog stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $286.71, for a total value of $36,452,596.11. Following the sale, the chief executive officer directly owned 612,747 shares in the company, valued at approximately $175,680,692.37. This trade represents a 17.18% 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. Insiders have sold 991,988 shares of company stock valued at $241,440,796 in the last ninety days. 6.48% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DDOG shares. Cantor Fitzgerald lifted their target price on shares of Datadog from $226.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Guggenheim raised their price target on Datadog from $225.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. FBN Securities began coverage on Datadog in a research report on Friday, October 2nd. They issued an “outperform” rating and a $325.00 price target on the stock. Weiss Ratings raised Datadog from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, BMO Capital Markets set a $300.00 target price on Datadog in a research note on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $281.18.

Datadog Stock Performance

NASDAQ:DDOG traded down $19.14 during trading hours on Friday, hitting $247.11. 3,748,566 shares of the company traded hands, compared to its average volume of 2,987,195. The stock has a market capitalization of $88.73 billion, a price-to-earnings ratio of 504.32, a P/E/G ratio of 25.98 and a beta of 1.51. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $300.68. The firm has a 50-day moving average of $246.68 and a 200 day moving average of $221.26. 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 quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The business’s revenue was up 35.6% on a year-over-year basis. During the same period in the prior 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. On average, analysts forecast that Datadog, Inc. will post 0.70 EPS for the current 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.