Readystate Asset Management LP Acquires Shares of 13,787 Datadog, Inc. $DDOG

Readystate Asset Management LP acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,787 shares of the company’s stock, valued at approximately $1,628,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DDOG. State Street Corp lifted its position in Datadog by 106.8% in the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after acquiring an additional 7,091,075 shares in the last quarter. Norges Bank purchased a new stake in shares of Datadog in the fourth quarter worth approximately $469,461,000. Jennison Associates LLC raised its stake in shares of Datadog by 43.7% in the fourth 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 during the last quarter. Invesco Ltd. lifted its holdings in shares of Datadog by 119.2% in the third quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock valued at $580,383,000 after purchasing an additional 2,216,402 shares in the last quarter. Finally, Employees Provident Fund Board bought a new position in shares of Datadog in the fourth quarter valued at approximately $251,582,000. 78.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on DDOG shares. Zacks Research raised Datadog from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Citigroup upped their target price on shares of Datadog from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday. Jefferies Financial Group downgraded shares of Datadog from a “buy” rating to a “hold” rating and increased their target price for the company from $210.00 to $280.00 in a report on Tuesday, July 21st. BTIG Research raised their price target on shares of Datadog from $255.00 to $289.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, The Goldman Sachs Group boosted their price target on shares of Datadog from $121.00 to $139.00 and gave the stock a “sell” rating in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $264.84.

Trending Headlines about Datadog

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: BTIG Research raised its Datadog price target to $289 from $255 and maintained a Buy rating, implying approximately 15% upside from the referenced price. The upgrade reinforces confidence in Datadog’s growth outlook. BTIG price target article
• Positive Sentiment: Datadog recently outperformed the broader market, with shares advancing 2.03% in the latest completed session. Investor interest has been supported by expectations for upcoming cloud-company earnings and generally bullish Wall Street recommendations. Why Datadog outpaced the stock market
• Neutral Sentiment: The average brokerage recommendation remains equivalent to a Buy, although the concentration of bullish ratings may reduce the signal’s usefulness and leave the stock vulnerable to disappointment. Wall Street recommendations on Datadog
• Negative Sentiment: CEO Olivier Pomel sold 47,054 shares worth about $11.5 million, CTO Alexis Le-Quoc sold 43,224 shares worth approximately $11.5 million, and Director Amit Agarwal sold 20,000 shares for roughly $4.9 million. All three transactions were made under pre-arranged Rule 10b5-1 plans, which reduces their significance as discretionary bearish signals, but the sales can still pressure sentiment—particularly after DDOG’s strong run and elevated valuation.

Datadog Trading Down 0.4%

Shares of Datadog stock opened at $250.88 on Wednesday. The firm has a market cap of $89.30 billion, a PE ratio of 660.23, a P/E/G ratio of 25.61 and a beta of 1.54. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $278.70. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40. The stock has a fifty day moving average price of $242.98 and a 200-day moving average price of $170.38.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The company 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 quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the previous 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 year.

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $271.05, for a total transaction of $14,612,847.60. Following the completion of the sale, the chief technology officer owned 531,311 shares in the company, valued at $144,011,846.55. This trade represents a 9.21% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Dev Ittycheria sold 120,000 shares of Datadog stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $248.78, for a total transaction of $29,853,600.00. Following the completion of the sale, the director directly owned 39,235 shares in the company, valued at $9,760,883.30. This trade represents a 75.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,486,587 shares of company stock valued at $342,962,652. Corporate insiders own 6.48% of the company’s stock.

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.