Turtle Creek Wealth Advisors LLC Buys Shares of 2,340 Datadog, Inc. $DDOG

Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,340 shares of the company’s stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its position in Datadog by 8.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 152,674 shares of the company’s stock valued at $20,762,000 after acquiring an additional 11,348 shares in the last quarter. Norges Bank acquired a new stake in Datadog in the fourth quarter valued at approximately $469,461,000. MUFG Securities EMEA plc increased its stake in shares of Datadog by 115.6% during the 4th quarter. MUFG Securities EMEA plc now owns 13,342 shares of the company’s stock worth $1,814,000 after purchasing an additional 7,154 shares during the last quarter. BNP Paribas increased its stake in shares of Datadog by 18.4% during the 4th quarter. BNP Paribas now owns 41,280 shares of the company’s stock worth $5,614,000 after purchasing an additional 6,403 shares during the last quarter. Finally, Patton Fund Management Inc. raised its holdings in shares of Datadog by 1,964.8% during the 4th quarter. Patton Fund Management Inc. now owns 38,550 shares of the company’s stock valued at $5,242,000 after purchasing an additional 36,683 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Datadog news, CEO Olivier Pomel sold 84,698 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $232.30, for a total value of $19,675,345.40. Following the completion of the sale, the chief executive officer directly owned 612,747 shares of the company’s stock, valued at $142,341,128.10. This represents a 12.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Kerry Acocella sold 5,371 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $233.91, for a total transaction of $1,256,330.61. Following the completion of the sale, the general counsel owned 127,866 shares in the company, valued at $29,909,136.06. This represents a 4.03% 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. Insiders sold 1,467,864 shares of company stock valued at $311,427,105 in the last ninety days. Company insiders own 6.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus set a $305.00 price objective on shares of Datadog in a report on Thursday, May 7th. Morgan Stanley raised Datadog from an “overweight” rating to an “overweight” rating in a research report on Monday, June 15th. BTIG Research reiterated a “buy” rating and set a $255.00 price target on shares of Datadog in a research note on Thursday, June 11th. Jefferies Financial Group raised Datadog from a “buy” rating to a “buy” rating in a report on Monday, June 15th. Finally, TD Cowen raised their price objective on Datadog from $235.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.68.

Datadog Stock Performance

Datadog stock opened at $260.36 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40. The business’s 50-day simple moving average is $213.66 and its 200-day simple moving average is $156.00. The firm has a market capitalization of $92.68 billion, a PE ratio of 685.18, a PEG ratio of 26.47 and a beta of 1.54. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $278.70.

Datadog (NASDAQ:DDOG) last announced its earnings results 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 firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $960.12 million. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the prior 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. Equities research analysts forecast that Datadog, Inc. will post 0.64 earnings per share 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.