Datadog, Inc. $DDOG Stock: Prime Capital Investment Advisors LLC Trims Position

Prime Capital Investment Advisors LLC lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG – Free Report) by 72.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,767 shares of the company’s stock after selling 4,554 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Datadog were worth $484,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EMC Capital Management purchased a new stake in Datadog in the 2nd quarter valued at $28,000. Cornerstone Financial Management LLC raised 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 worth $33,000 after acquiring an additional 45 shares during the period. Elevation Wealth Partners LLC raised its holdings in shares of Datadog by 2,700.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock worth $44,000 after acquiring an additional 162 shares during the period. Armstrong Advisory Group Inc. purchased a new position in shares of Datadog during the 3rd quarter worth $46,000. Finally, Planning Strategies Inc. boosted its position in shares of Datadog by 529.6% during the 3rd quarter. Planning Strategies Inc. now owns 170 shares of the company’s stock valued at $47,000 after acquiring an additional 143 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of analyst reports. Needham & Company LLC upped their price objective on shares of Datadog from $260.00 to $300.00 and gave the company a “buy” rating in a report on Friday, August 7th. Wedbush began coverage on shares of Datadog in a research report on Friday, September 11th. They set an “outperform” rating and a $275.00 price objective for the company. FBN Securities began coverage on shares of Datadog in a research note on Friday, October 2nd. They set an “outperform” rating and a $325.00 target price on the stock. Weiss Ratings upgraded shares of Datadog from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, BMO Capital Markets set a $300.00 target price on shares of Datadog in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $285.04.

View Our Latest Research Report on Datadog

Insider Activity

In other Datadog news, insider Yanbing Li sold 12,700 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $221.26, for a total value of $2,810,002.00. Following the transaction, the insider owned 250,446 shares of the company’s stock, valued at $55,413,681.96. This represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Kerry Acocella sold 5,280 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $228.85, for a total transaction of $1,208,328.00. Following the completion of the transaction, the general counsel directly owned 115,243 shares in the company, valued at $26,373,360.55. The trade was a 4.38% decrease in their position. 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 ninety days, insiders sold 881,710 shares of company stock worth $213,560,746. 6.48% of the stock is currently owned by corporate insiders.

Datadog Price Performance

DDOG stock opened at $269.65 on Friday. The business has a fifty day moving average of $247.90 and a two-hundred day moving average of $226.32. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. The stock has a market cap of $96.83 billion, a price-to-earnings ratio of 550.32, a price-to-earnings-growth ratio of 26.32 and a beta of 1.51. Datadog, Inc. has a 52-week low of $98.01 and a 52-week high of $300.68.

Datadog (NASDAQ:DDOG – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the company posted $0.46 EPS. The company’s quarterly revenue was up 35.6% on a year-over-year basis. 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, research analysts anticipate that Datadog, Inc. will post 0.70 earnings per share for the current year.

About Datadog

(Free Report)

Datadog, Inc is a technology company that provides a cloud-based monitoring and security platform for applications, infrastructure and other technology environments. Its platform helps organizations collect, analyze and visualize data from servers, databases, containers, cloud services, applications and user interactions in a unified environment.

Datadog’s products include infrastructure monitoring, application performance monitoring, log management, real user monitoring, synthetic monitoring, network performance monitoring, cloud security, software delivery tools and incident-management capabilities.

See Also

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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