CacheTech Inc. Acquires 7,889 Shares of Datadog, Inc. $DDOG

CacheTech Inc. increased its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 37.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 29,154 shares of the company’s stock after buying an additional 7,889 shares during the period. CacheTech Inc.’s holdings in Datadog were worth $3,442,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new position in shares of Datadog during the fourth quarter worth approximately $209,000. Bison Wealth LLC bought a new stake in shares of Datadog during the fourth quarter valued at approximately $228,000. Empowered Funds LLC increased its holdings in shares of Datadog by 7.0% in the first quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock valued at $1,023,000 after purchasing an additional 672 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Datadog by 17.6% in the first quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after purchasing an additional 115 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new position in Datadog in the 2nd quarter worth approximately $509,000. Institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling

In other Datadog news, Director Michael James Callahan sold 12,500 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $267.47, for a total value of $3,343,375.00. Following the sale, the director directly owned 14,996 shares in the company, valued at approximately $4,010,980.12. This trade represents a 45.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $257.24, for a total transaction of $13,868,322.88. Following the transaction, the chief technology officer directly owned 509,805 shares in the company, valued at approximately $131,142,238.20. This represents a 9.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,396,309 shares of company stock valued at $317,712,002. 6.48% of the stock is owned by company insiders.

Key Stories Impacting Datadog

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Multiple analysts raised their price targets on Datadog, including Citizens JMP to $311, Wells Fargo to $295, and Oppenheimer to $300, all while maintaining bullish ratings. Read More
• Positive Sentiment: JMP Securities said infrastructure software remains in a stronger position than application software and called Datadog a top performer in its coverage, reinforcing optimism around the company’s cloud monitoring business. Article Title
• Neutral Sentiment: Datadog has surged sharply year to date, which has led some analysts to say the stock may have less room to run and could be vulnerable if upcoming results disappoint. Article Title
• Neutral Sentiment: Morgan Stanley said sentiment across software stocks has become too negative, suggesting some names could rebound, but the call was broad-based rather than specific to Datadog. Article Title
• Negative Sentiment: Investors are also digesting a headline noting that DDOG stock fell in the latest session, reflecting some profit-taking after its recent rally. Article Title

Wall Street Analysts Forecast Growth

DDOG has been the topic of several research reports. Wall Street Zen raised Datadog from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. BMO Capital Markets reissued an “outperform” rating and issued a $260.00 target price on shares of Datadog in a research note on Friday, June 12th. UBS Group boosted their target price on Datadog from $220.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Rosenblatt Securities upped their price target on Datadog from $178.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Benchmark raised their price target on Datadog from $260.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $259.07.

Datadog Stock Performance

Shares of DDOG stock opened at $254.79 on Wednesday. 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 market cap of $90.70 billion, a PE ratio of 670.52, a price-to-earnings-growth ratio of 26.76 and a beta of 1.54. The stock has a 50-day moving average of $238.98 and a 200-day moving average of $166.45. Datadog, Inc. has a one year low of $98.01 and a one year high of $278.70.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data 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. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $960.12 million. During the same quarter last year, the firm earned $0.46 EPS. Datadog’s quarterly revenue was up 32.1% compared to the same quarter last year. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, sell-side analysts expect that Datadog, Inc. will post 0.64 earnings per share for the current year.

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.