Westpac Banking Corp Grows Stock Position in Datadog, Inc. $DDOG

Westpac Banking Corp grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 33.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 23,975 shares of the company’s stock after purchasing an additional 6,069 shares during the quarter. Westpac Banking Corp’s holdings in Datadog were worth $3,260,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hartford Investment Management Co. purchased a new stake in shares of Datadog during the 3rd quarter valued at about $2,689,000. MUFG Securities EMEA plc increased its position 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 valued at $1,814,000 after purchasing an additional 7,154 shares during the last quarter. Norges Bank purchased a new stake in shares of Datadog during the 4th quarter valued at about $469,461,000. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Datadog by 134.5% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 31,142 shares of the company’s stock valued at $4,435,000 after purchasing an additional 17,860 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Datadog by 30.3% during the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after purchasing an additional 9,748,738 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Trading Down 3.0%

Datadog stock opened at $269.13 on Wednesday. The firm has a 50 day moving average of $157.16 and a 200 day moving average of $143.23. The firm has a market capitalization of $95.80 billion, a price-to-earnings ratio of 708.26, a P/E/G ratio of 29.71 and a beta of 1.56. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $278.70. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $960.12 million. During the same period last year, the firm posted $0.46 EPS. The company’s 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. As a group, research analysts predict that Datadog, Inc. will post 0.61 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 43,224 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $208.04, for a total transaction of $8,992,320.96. Following the completion of the sale, the chief technology officer directly owned 531,311 shares of the company’s stock, valued at $110,533,940.44. This trade represents a 7.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 84,698 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $223.58, for a total transaction of $18,936,778.84. Following the sale, the chief executive officer directly owned 750,981 shares of the company’s stock, valued at approximately $167,904,331.98. This trade represents a 10.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 848,198 shares of company stock worth $135,415,163. Insiders own 6.48% of the company’s stock.

Analysts Set New Price Targets

DDOG has been the subject of several analyst reports. Jefferies Financial Group set a $210.00 target price on shares of Datadog and gave the stock a “buy” rating in a report on Thursday, May 7th. Needham & Company LLC increased their target price on shares of Datadog from $155.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Citizens Jmp raised shares of Datadog from a “market perform” rating to an “outperform” rating and set a $225.00 target price for the company in a report on Thursday, May 7th. Scotiabank increased their target price on shares of Datadog from $160.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Raymond James Financial increased their target price on shares of Datadog from $170.00 to $220.00 in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $219.69.

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.