Sit Investment Associates Inc. Has $4.24 Million Stake in Datadog, Inc. $DDOG

Sit Investment Associates Inc. reduced its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 8.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 31,200 shares of the company’s stock after selling 2,810 shares during the quarter. Sit Investment Associates Inc.’s holdings in Datadog were worth $4,243,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Elevation Point Wealth Partners LLC increased its holdings in shares of Datadog by 3.3% during the 3rd quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock valued at $242,000 after acquiring an additional 55 shares during the last quarter. Chicago Partners Investment Group LLC lifted its holdings in Datadog by 1.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 4,778 shares of the company’s stock worth $622,000 after purchasing an additional 73 shares during the last quarter. Vivaldi Capital Management LP boosted its position in Datadog by 2.8% during the third quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock worth $383,000 after purchasing an additional 74 shares during the period. Farther Finance Advisors LLC boosted its position in Datadog by 2.0% during the fourth quarter. Farther Finance Advisors LLC now owns 3,892 shares of the company’s stock worth $529,000 after purchasing an additional 78 shares during the period. Finally, Roberts Wealth Advisors LLC grew its holdings in Datadog by 0.6% during the fourth quarter. Roberts Wealth Advisors LLC now owns 14,041 shares of the company’s stock valued at $1,909,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insiders Place Their Bets

In related news, CRO Sean Michael Walters sold 11,876 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $231.02, for a total transaction of $2,743,593.52. Following the completion of the transaction, the executive owned 258,420 shares in the company, valued at approximately $59,700,188.40. The trade was a 4.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Amit Agarwal sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $231.56, for a total transaction of $4,631,200.00. Following the transaction, the director owned 1,640 shares of the company’s stock, valued at approximately $379,758.40. This represents a 92.42% 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. Insiders have sold a total of 1,444,558 shares of company stock valued at $299,060,922 in the last ninety days. 6.48% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on DDOG. Barclays raised their target price on shares of Datadog from $215.00 to $260.00 and gave the company an “overweight” rating in a research note on Wednesday, June 10th. Wolfe Research restated an “outperform” rating and set a $295.00 price target on shares of Datadog in a report on Thursday, June 11th. New Street Research set a $260.00 price target on shares of Datadog in a report on Thursday, June 11th. Craig Hallum assumed coverage on Datadog in a research report on Monday. They issued a “buy” rating on the stock. Finally, Stifel Nicolaus set a $305.00 price objective on Datadog in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $239.48.

Datadog Stock Performance

Shares of Datadog stock opened at $223.00 on Friday. Datadog, Inc. has a 52-week low of $98.01 and a 52-week high of $278.70. The firm has a market capitalization of $79.38 billion, a PE ratio of 586.86, a price-to-earnings-growth ratio of 23.88 and a beta of 1.56. 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 company’s fifty day moving average price is $189.22 and its two-hundred day moving average price is $149.77.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $960.12 million. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The company’s revenue was up 32.1% compared to the same quarter last year. During the same period in the prior year, the company posted $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, analysts expect that Datadog, Inc. will post 0.61 EPS for the current year.

Trending Headlines about Datadog

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Truist upgraded Datadog to Buy from Hold and lifted its price target to $300, citing stronger demand tied to AI observability, cloud monitoring, and security products. Truist upgrades Datadog to Buy from Neutral
• Positive Sentiment: Scotiabank raised its target to $275 from $225 and kept a Sector Outperform rating, reinforcing expectations for further upside. Scotiabank adjusts price target on Datadog to 275 from 225
• Positive Sentiment: Other recent broker actions were also constructive, with Citigroup and Capital One lifting targets to $270 and $268, respectively, as analysts continue to point to durable AI-driven demand. Citi raises Datadog target to 270 citing durable AI-driven demand
• Neutral Sentiment: Coverage around Datadog’s strong Q1 results and observability consolidation strategy remains supportive, but it largely reiterates the company’s existing growth story rather than introducing a new catalyst. Can Observability Consolidation Create a Larger Opportunity for DDOG?
• Negative Sentiment: Recent insider selling by CEO Olivier Pomel and General Counsel Kerry Acocella may be creating some sentiment pressure, even though the trades were made under pre-arranged 10b5-1 plans. Datadog insider trade details

Datadog Company 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.