Datadog, Inc. $DDOG Stock Position Increased by Elevation Wealth Partners LLC

Elevation Wealth Partners LLC boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 2,054.2% in the third quarter, Holdings Channel reports. The institutional investor owned 3,619 shares of the company’s stock after purchasing an additional 3,451 shares during the period. Elevation Wealth Partners LLC’s holdings in Datadog were worth $991,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. EMC Capital Management purchased a new stake in shares of Datadog in the second quarter worth $28,000. Cornerstone Financial Management LLC increased its holdings in shares of Datadog by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after acquiring an additional 45 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Datadog by 341.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock worth $38,000 after purchasing an additional 246 shares during the last quarter. Planning Strategies Inc. boosted its stake in Datadog by 529.6% in the 3rd quarter. Planning Strategies Inc. now owns 170 shares of the company’s stock worth $47,000 after purchasing an additional 143 shares in the last quarter. Finally, Continuum Advisory LLC bought a new position in Datadog in the 2nd quarter worth about $53,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Activity at Datadog

In related news, CFO David Obstler sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $227.47, for a total value of $9,098,800.00. Following the sale, the chief financial officer owned 378,067 shares in the company, valued at approximately $85,998,900.49. This trade represents a 9.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 127,141 shares of Datadog stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $286.71, for a total transaction of $36,452,596.11. Following the completion of the sale, the chief executive officer directly owned 612,747 shares of the company’s stock, valued at approximately $175,680,692.37. This trade represents a 17.18% decrease in their position. 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. Insiders have sold a total of 958,076 shares of company stock worth $232,038,673 over the last quarter. Company insiders own 6.48% of the company’s stock.

Datadog Stock Performance

NASDAQ DDOG traded down $6.90 during trading hours on Wednesday, hitting $271.34. The company’s stock had a trading volume of 1,587,052 shares, compared to its average volume of 5,233,314. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $292.72. The company’s 50 day simple moving average is $245.16 and its two-hundred day simple moving average is $214.50. The company has a market cap of $97.43 billion, a P/E ratio of 553.77, a price-to-earnings-growth ratio of 26.98 and a beta of 1.51. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20.

Datadog (NASDAQ:DDOG) last posted 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 analysts’ expectations of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. As a group, sell-side analysts expect that Datadog, Inc. will post 0.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Needham & Company LLC increased their price objective on shares of Datadog from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Evercore upped their target price on shares of Datadog from $225.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Arete Research upped their target price on shares of Datadog from $260.00 to $340.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Zacks Research cut shares of Datadog from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Finally, Sanford C. Bernstein downgraded shares of Datadog from an “outperform” rating to a “market perform” rating and raised their price target for the company from $180.00 to $226.00 in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average target price of $277.73.

Datadog Profile

Datadog, Inc is a software company that provides a cloud-based monitoring, observability and security platform. Its services help organizations collect, analyze and visualize data from applications, infrastructure, networks, databases and other technology environments, enabling them to identify performance issues, manage incidents and improve digital services.

The company’s product offerings include infrastructure monitoring, application performance monitoring, log management, database and network monitoring, real user and synthetic experience monitoring, cloud security, software supply chain security, incident management and workflow automation.