Fifth Third Bancorp Acquires 56,247 Shares of Datadog, Inc. $DDOG

Fifth Third Bancorp boosted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 465.9% during the first quarter, Holdings Channel.com reports. The firm owned 68,319 shares of the company’s stock after acquiring an additional 56,247 shares during the quarter. Fifth Third Bancorp’s holdings in Datadog were worth $8,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DDOG. Nomura Asset Management Co. Ltd. raised its position in shares of Datadog by 8.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 152,674 shares of the company’s stock worth $20,762,000 after purchasing an additional 11,348 shares during the last quarter. Norges Bank bought a new stake in Datadog during the 4th quarter valued at about $469,461,000. MUFG Securities EMEA plc raised its holdings in Datadog by 115.6% in the fourth quarter. MUFG Securities EMEA plc now owns 13,342 shares of the company’s stock worth $1,814,000 after buying an additional 7,154 shares during the last quarter. BNP Paribas raised its holdings in Datadog by 18.4% in the fourth quarter. BNP Paribas now owns 41,280 shares of the company’s stock worth $5,614,000 after buying an additional 6,403 shares during the last quarter. Finally, Patton Fund Management Inc. lifted its stake in shares of Datadog by 1,964.8% in the fourth quarter. Patton Fund Management Inc. now owns 38,550 shares of the company’s stock worth $5,242,000 after buying an additional 36,683 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Insider Activity

In other news, CFO David M. Obstler sold 75,000 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer directly owned 434,591 shares in the company, valued at $100,690,388.79. This trade represents a 14.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael James Callahan sold 112,500 shares of Datadog stock in a transaction on 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 completion of the sale, the director directly owned 14,996 shares of the company’s stock, valued at $3,473,073.60. The trade was a 88.24% 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. Over the last three months, insiders sold 1,459,533 shares of company stock worth $325,887,030. Insiders own 6.48% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the topic of a number of recent analyst reports. Robert W. Baird set a $210.00 price target on shares of Datadog in a report on Friday, May 8th. Rothschild & Co Redburn assumed coverage on shares of Datadog in a report on Thursday, April 23rd. They issued a “buy” rating and a $170.00 price objective for the company. Rosenblatt Securities upped their price objective on Datadog from $178.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Citigroup increased their target price on Datadog from $218.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $226.00 target price on shares of Datadog in a report on Thursday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $246.55.

Datadog Stock Down 2.3%

DDOG opened at $264.46 on Thursday. The stock has a market capitalization of $94.14 billion, a price-to-earnings ratio of 695.97, a PEG ratio of 27.53 and a beta of 1.54. The firm has a 50 day moving average price of $234.03 and a 200-day moving average price of $163.01. Datadog, Inc. has a twelve month low of $98.01 and a twelve 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.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $960.12 million. During the same quarter last year, the company posted $0.46 earnings per share. The firm’s quarterly 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. Equities research analysts forecast that Datadog, Inc. will post 0.64 earnings per share for the current year.

Datadog Company 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.