Datadog, Inc. $DDOG Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its holdings in Datadog, Inc. (NASDAQ:DDOG) by 0.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 634,338 shares of the company’s stock after purchasing an additional 2,621 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Datadog were worth $74,878,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Elevation Point Wealth Partners LLC increased its position in shares of Datadog by 3.3% during the 3rd quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock worth $242,000 after purchasing an additional 55 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in Datadog by 1.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 4,778 shares of the company’s stock valued at $622,000 after buying an additional 73 shares during the last quarter. Vivaldi Capital Management LP boosted its stake in Datadog by 2.8% during the third quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock worth $383,000 after buying an additional 74 shares during the period. Farther Finance Advisors LLC boosted its stake in Datadog by 2.0% during the fourth quarter. Farther Finance Advisors LLC now owns 3,892 shares of the company’s stock worth $529,000 after buying an additional 78 shares during the period. Finally, Roberts Wealth Advisors LLC increased its position in shares of Datadog by 0.6% during the fourth quarter. Roberts Wealth Advisors LLC now owns 14,041 shares of the company’s stock valued at $1,909,000 after acquiring an additional 81 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Trading Up 3.7%

NASDAQ DDOG opened at $248.66 on Tuesday. The firm has a 50 day simple moving average of $203.11 and a 200-day simple moving average of $152.89. 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, Inc. has a one year low of $98.01 and a one year high of $278.70. The firm has a market cap of $88.51 billion, a price-to-earnings ratio of 654.39, a PEG ratio of 24.38 and a beta of 1.56.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $960.12 million. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS. 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 anticipate that Datadog, Inc. will post 0.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $271.05, for a total transaction of $14,612,847.60. Following the sale, the chief technology officer owned 531,311 shares of the company’s stock, valued at approximately $144,011,846.55. This represents a 9.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Michael James Callahan sold 112,500 shares of the stock in a transaction on Friday, June 12th. The shares were 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 owned 14,996 shares in the company, valued at approximately $3,473,073.60. The trade was a 88.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,475,364 shares of company stock valued at $310,744,330. Corporate insiders own 6.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DDOG. KeyCorp raised shares of Datadog from an “overweight” rating to an “overweight” rating in a research note on Monday, June 15th. Monness Crespi & Hardt lifted their target price on shares of Datadog from $255.00 to $270.00 in a report on Thursday, May 7th. Citigroup boosted their target price on Datadog from $218.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. UBS Group upped their price target on Datadog from $195.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Capital One Financial raised their price target on 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 assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $242.09.

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.