PNC Financial Services Group Inc. Purchases 15,186 Shares of Datadog, Inc. $DDOG

PNC Financial Services Group Inc. lifted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 36.6% during the first quarter, Holdings Channel reports. The institutional investor owned 56,704 shares of the company’s stock after purchasing an additional 15,186 shares during the period. PNC Financial Services Group Inc.’s holdings in Datadog were worth $6,694,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Andra AP fonden raised its holdings in Datadog by 43.3% during the first quarter. Andra AP fonden now owns 56,962 shares of the company’s stock valued at $6,724,000 after acquiring an additional 17,200 shares during the period. Amova Asset Management Americas Inc. boosted its stake in shares of Datadog by 15.0% in the first quarter. Amova Asset Management Americas Inc. now owns 140,788 shares of the company’s stock worth $16,616,000 after acquiring an additional 18,322 shares during the period. Earned Wealth Advisors LLC boosted its stake in shares of Datadog by 52.2% in the first quarter. Earned Wealth Advisors LLC now owns 7,473 shares of the company’s stock worth $882,000 after acquiring an additional 2,563 shares during the period. Meeder Advisory Services Inc. grew its position in shares of Datadog by 1.7% during the first quarter. Meeder Advisory Services Inc. now owns 7,473 shares of the company’s stock worth $882,000 after purchasing an additional 128 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Datadog by 5.0% during the first quarter. Dimensional Fund Advisors LP now owns 637,015 shares of the company’s stock worth $75,192,000 after purchasing an additional 30,241 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the topic of several recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $280.00 target price on shares of Datadog in a research note on Thursday, July 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $260.00 price objective on shares of Datadog in a report on Friday, June 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $226.00 price objective on shares of Datadog in a report on Thursday, June 11th. TD Cowen lifted 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 Wednesday. Finally, The Goldman Sachs Group boosted their target price on shares of Datadog from $121.00 to $139.00 and gave the stock a “sell” rating in a report on Tuesday, May 12th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus price target of $261.68.

Datadog Stock Performance

Shares of DDOG opened at $246.86 on Monday. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $278.70. The company has a 50-day moving average of $241.40 and a 200 day moving average of $168.80. The firm has a market capitalization of $87.87 billion, a price-to-earnings ratio of 649.65, a PEG ratio of 25.10 and a beta of 1.54. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.09. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $960.12 million. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 EPS. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, research analysts expect that Datadog, Inc. will post 0.64 EPS for the current year.

Insider Activity

In related news, General Counsel Kerry Acocella sold 5,371 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $233.91, for a total value of $1,256,330.61. Following the completion of the sale, the general counsel owned 127,866 shares in the company, valued at approximately $29,909,136.06. The trade was a 4.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael James Callahan sold 12,500 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $267.47, for a total value of $3,343,375.00. Following the completion of the transaction, 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 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 have sold 1,376,309 shares of company stock valued at $315,082,602. Insiders own 6.48% of the company’s stock.

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.