Datadog, Inc. $DDOG Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 584,001 shares of the company’s stock after selling 18,896 shares during the quarter. Hsbc Holdings PLC’s holdings in Datadog were worth $79,527,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State Street Corp raised its position in shares of Datadog by 106.8% during the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after purchasing an additional 7,091,075 shares during the period. Norges Bank purchased a new position in Datadog in the 4th quarter worth about $469,461,000. Jennison Associates LLC increased its stake in Datadog by 43.7% in the 4th quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock worth $1,036,787,000 after purchasing an additional 2,316,994 shares in the last quarter. Invesco Ltd. raised its holdings in Datadog by 119.2% during the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock worth $580,383,000 after buying an additional 2,216,402 shares during the period. Finally, Employees Provident Fund Board acquired a new stake in Datadog during the 4th quarter worth about $251,582,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Down 0.7%

DDOG stock opened at $221.37 on Tuesday. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $278.70. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.25. The company has a market cap of $78.80 billion, a price-to-earnings ratio of 582.57, a PEG ratio of 23.88 and a beta of 1.56. The company has a 50 day moving average of $191.47 and a two-hundred day moving average of $150.17.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.51 by $0.09. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $960.12 million. During the same period in the previous year, the company posted $0.46 EPS. Datadog’s revenue was up 32.1% on a year-over-year basis. 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 0.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays raised their target price on shares of Datadog from $215.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Monness Crespi & Hardt upped their price target on shares of Datadog from $255.00 to $270.00 in a research report on Thursday, May 7th. Truist Financial upgraded shares of Datadog from a “hold” rating to a “buy” rating and upped their price target for the company from $190.00 to $300.00 in a research report on Monday, June 15th. Scotiabank raised their price objective on shares of Datadog from $225.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Capital One Financial lifted their price objective on shares of Datadog from $217.00 to $268.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.48.

Insider Transactions at Datadog

In other Datadog news, Director Michael James Callahan sold 112,500 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $231.60, for a total value of $26,055,000.00. Following the transaction, the director directly owned 14,996 shares of the company’s stock, valued at $3,473,073.60. This represents a 88.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David M. Obstler sold 75,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $231.69, for a total value of $17,376,750.00. Following the sale, the chief financial officer directly owned 434,591 shares of the company’s stock, valued at $100,690,388.79. This trade represents a 14.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,392,140 shares of company stock valued at $292,372,323. Corporate insiders own 6.48% of the company’s stock.

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.