First Trust Advisors LP Buys 1,654,429 Shares of Datadog, Inc. $DDOG

First Trust Advisors LP grew its stake in Datadog, Inc. (NASDAQ:DDOG) by 81.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,685,562 shares of the company’s stock after acquiring an additional 1,654,429 shares during the quarter. First Trust Advisors LP’s holdings in Datadog were worth $435,081,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. JPL Wealth Management LLC purchased a new stake in shares of Datadog during the 3rd quarter worth $27,000. CoreCap Advisors LLC grew its stake in Datadog by 1,461.5% in the fourth quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in Datadog in the fourth quarter worth about $31,000. NBC Securities Inc. raised its holdings in Datadog by 242.6% in the fourth quarter. NBC Securities Inc. now owns 233 shares of the company’s stock worth $32,000 after purchasing an additional 165 shares in the last quarter. Finally, Rothschild Investment LLC lifted its position in shares of Datadog by 52.5% during the fourth quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock valued at $37,000 after buying an additional 94 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DDOG shares. Daiwa Securities Group increased their target price on shares of Datadog from $190.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Rothschild & Co Redburn assumed coverage on shares of Datadog in a report on Thursday, April 23rd. They issued a “buy” rating and a $170.00 price target on the stock. Guggenheim increased their price objective on Datadog from $175.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Morgan Stanley cut Datadog from an “overweight” rating to a “hold” rating in a research report on Tuesday. Finally, Rosenblatt Securities upped their target price on Datadog from $178.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $259.07.

Insider Transactions at Datadog

In related news, Director Amit Agarwal sold 20,000 shares of the firm’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $267.41, for a total transaction of $5,348,200.00. Following the completion of the transaction, the director owned 1,640 shares of the company’s stock, valued at $438,552.40. This trade represents a 92.42% decrease in their ownership of the stock. 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. Also, Director Michael James Callahan sold 12,500 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $267.47, for a total transaction of $3,343,375.00. Following the transaction, the director owned 14,996 shares of the company’s stock, valued at $4,010,980.12. This represents a 45.46% 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. Over the last three months, insiders have sold 1,396,309 shares of company stock valued at $317,712,002. 6.48% of the stock is owned by corporate 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

Datadog Trading Down 3.2%

Datadog stock opened at $254.79 on Wednesday. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.25. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $278.70. The company has a market capitalization of $90.70 billion, a price-to-earnings 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 price of $238.98 and a 200 day moving average price of $166.45.

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 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 company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $960.12 million. During the same quarter in the prior year, the company earned $0.46 EPS. Datadog’s quarterly revenue was up 32.1% on a year-over-year basis. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Sell-side analysts anticipate that Datadog, Inc. will post 0.64 EPS for the current year.

Datadog 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.