NewEdge Wealth LLC Acquires 27,069 Shares of Datadog, Inc. $DDOG

NewEdge Wealth LLC boosted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 385.8% in the 4th quarter, HoldingsChannel reports. The firm owned 34,085 shares of the company’s stock after purchasing an additional 27,069 shares during the quarter. NewEdge Wealth LLC’s holdings in Datadog were worth $4,635,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of Datadog during the 4th quarter worth approximately $209,000. Bison Wealth LLC purchased a new stake in shares of Datadog during the 4th quarter worth approximately $228,000. Empowered Funds LLC raised its holdings in shares of Datadog by 7.0% during the 1st quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock worth $1,023,000 after acquiring an additional 672 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Datadog by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock worth $76,000 after acquiring an additional 115 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Datadog during the 2nd quarter worth approximately $509,000. 78.29% of the stock is currently owned by institutional investors.

Datadog News Roundup

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: CICC Research raised its price target on Datadog to $204 from $150, signaling more upside potential after the company’s strong recent results. MarketScreener
• Positive Sentiment: Multiple Wall Street notes pointed to further price appreciation for DDOG, suggesting analysts are becoming more constructive on the stock’s growth outlook after earnings. Royal Bank Of Canada Forecasts Strong Price Appreciation for Datadog
• Positive Sentiment: Datadog’s latest earnings and commentary are being framed as evidence that enterprise software demand remains healthy, easing worries about an “AI/SaaS apocalypse” and helping sentiment around the stock. Seeking Alpha
• Neutral Sentiment: Datadog is drawing attention from investors and screeners, which can boost trading activity but does not by itself change fundamentals. Zacks
• Negative Sentiment: Several insiders sold shares in pre-arranged 10b5-1 transactions, including director Julie Richardson and CRO Sean Michael Walters, which may create some caution despite being routine trading activity. SEC filing

Analysts Set New Price Targets

Several analysts have recently issued reports on DDOG shares. Canaccord Genuity Group set a $225.00 price objective on Datadog in a report on Friday. Citigroup upped their price objective on Datadog from $175.00 to $218.00 and gave the stock a “buy” rating in a report on Friday. Capital One Financial decreased their price objective on Datadog from $157.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Bank of America decreased their price objective on Datadog from $215.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Finally, Raymond James Financial upped their price objective on Datadog from $170.00 to $220.00 in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $211.57.

Datadog Stock Performance

NASDAQ:DDOG opened at $202.32 on Tuesday. The stock’s fifty day moving average is $127.92 and its 200 day moving average is $137.61. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $203.58. The firm has a market capitalization of $71.33 billion, a PE ratio of 532.44, a PEG ratio of 72.45 and a beta of 1.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $960.12 million. During the same quarter in the prior year, the firm posted $0.46 EPS. Datadog’s quarterly revenue was up 32.1% compared to the same quarter last year. 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, sell-side analysts anticipate that Datadog, Inc. will post 0.32 earnings per share for the current year.

Insider Activity at Datadog

In related news, Director Amit Agarwal sold 20,000 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $131.47, for a total transaction of $2,629,400.00. Following the sale, the director owned 1,640 shares in the company, valued at approximately $215,610.80. This represents a 92.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Kerry Acocella sold 13,857 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $150.00, for a total value of $2,078,550.00. Following the sale, the general counsel owned 140,489 shares in the company, valued at $21,073,350. The trade was a 8.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 666,038 shares of company stock worth $83,163,794 in the last ninety days. Corporate insiders own 6.48% of the company’s stock.

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.