Revere Asset Management Inc Takes $2.75 Million Position in Datadog, Inc. $DDOG

Revere Asset Management Inc bought a new position in Datadog, Inc. (NASDAQ:DDOG) during the second quarter, Holdings Channel reports. The firm bought 10,569 shares of the company’s stock, valued at approximately $2,752,000. Datadog makes up about 1.1% of Revere Asset Management Inc’s portfolio, making the stock its 13th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DDOG. EMC Capital Management acquired a new position in Datadog in the second quarter valued at approximately $28,000. Cornerstone Financial Management LLC increased its holdings in shares of Datadog by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after purchasing an additional 45 shares in the last quarter. Rothschild Investment LLC lifted its stake in shares of Datadog by 52.5% in the 4th quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock valued at $37,000 after purchasing an additional 94 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Datadog by 341.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock worth $38,000 after buying an additional 246 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its holdings in Datadog by 2,700.0% during the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock worth $44,000 after buying an additional 162 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Price Performance

DDOG traded up $8.84 during midday trading on Monday, hitting $230.05. 2,888,998 shares of the company traded hands, compared to its average volume of 5,443,235. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $82.61 billion, a price-to-earnings ratio of 469.50, a PEG ratio of 21.48 and a beta of 1.49. Datadog, Inc. has a 52-week low of $98.01 and a 52-week high of $292.72. The business has a 50 day simple moving average of $245.59 and a two-hundred day simple moving average of $197.34.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 earnings per share. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. On average, equities analysts forecast that Datadog, Inc. will post 0.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DDOG shares. Jefferies Financial Group set a $260.00 price objective on shares of Datadog in a report on Thursday, August 6th. Capital One Financial increased their target price on shares of Datadog from $217.00 to $268.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. TD Cowen raised their target price on Datadog from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company lifted their price target on Datadog from $230.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Finally, Scotiabank upped their price target on Datadog from $275.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $276.66.

Insider Buying and Selling

In related news, Director Julie Richardson sold 5,625 shares of Datadog stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $220.00, for a total value of $1,237,500.00. Following the sale, the director directly owned 3,178 shares in the company, valued at approximately $699,160. The trade was a 63.90% 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, CEO Olivier Pomel sold 89,497 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $207.86, for a total value of $18,602,846.42. Following the sale, the chief executive officer owned 586,416 shares of the company’s stock, valued at approximately $121,892,429.76. This trade represents a 13.24% 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. Insiders sold a total of 1,071,996 shares of company stock worth $259,690,674 in the last quarter. 6.48% of the stock is owned by insiders.

Datadog Company Profile

Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company’s products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.