Mirae Asset Global Investments Co. Ltd. Acquires 37,965 Shares of Datadog, Inc. $DDOG

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 24.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 194,668 shares of the company’s stock after purchasing an additional 37,965 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Datadog were worth $26,473,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Elevation Point Wealth Partners LLC grew its holdings in shares of Datadog by 3.3% in 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 in the last quarter. Vivaldi Capital Management LP raised its holdings 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 acquiring an additional 74 shares in the last quarter. Westside Investment Management Inc. raised its holdings in Datadog by 74.3% during the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. 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 valued at $529,000 after purchasing an additional 78 shares during the last quarter. Finally, PDS Planning Inc grew its stake in Datadog by 4.2% in the third quarter. PDS Planning Inc now owns 1,975 shares of the company’s stock valued at $281,000 after purchasing an additional 80 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Performance

NASDAQ:DDOG opened at $126.61 on Friday. The stock has a 50 day simple moving average of $119.97 and a 200 day simple moving average of $138.75. The stock has a market cap of $44.64 billion, a P/E ratio of 408.42, a PEG ratio of 33.94 and a beta of 1.29. Datadog, Inc. has a 1-year low of $87.69 and a 1-year high of $201.69. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 0.26.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The firm had revenue of $953.19 million for the quarter, compared to analyst estimates of $916.53 million. Datadog had a return on equity of 4.14% and a net margin of 3.14%.The company’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. Datadog has set its FY 2026 guidance at 2.080-2.160 EPS and its Q1 2026 guidance at 0.490-0.510 EPS. Research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 32,300 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $116.46, for a total value of $3,761,658.00. Following the transaction, the chief technology officer directly owned 531,311 shares in the company, valued at approximately $61,876,479.06. This represents a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 42,443 shares of the firm’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $111.14, for a total transaction of $4,717,115.02. Following the transaction, the chief executive officer directly owned 835,679 shares in the company, valued at approximately $92,877,364.06. This represents a 4.83% 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. In the last three months, insiders sold 523,833 shares of company stock worth $63,581,080. Insiders own 6.67% of the company’s stock.

Wall Street Analysts Forecast Growth

DDOG has been the topic of several recent analyst reports. Citigroup lowered their price target on Datadog from $200.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Sanford C. Bernstein reissued an “outperform” rating on shares of Datadog in a report on Wednesday, January 21st. Evercore decreased their target price on shares of Datadog from $215.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, February 2nd. Wall Street Zen downgraded shares of Datadog from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Benchmark began coverage on shares of Datadog in a research report on Wednesday, April 1st. They set a “buy” rating on the stock. Thirty-eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Datadog has an average rating of “Moderate Buy” and an average target price of $179.95.

About Datadog

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.