Independent Financial Group LLC Buys New Stake in Datadog, Inc. $DDOG

Independent Financial Group LLC bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,659 shares of the company’s stock, valued at approximately $314,000.

A number of other institutional investors also recently added to or reduced their stakes in DDOG. JPL Wealth Management LLC bought a new stake in shares of Datadog during the third quarter valued at about $27,000. CoreCap Advisors LLC grew its position in Datadog by 1,461.5% in the 4th quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after buying an additional 190 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in Datadog in the 4th quarter valued at about $31,000. NBC Securities Inc. increased its stake in Datadog by 242.6% during the 4th quarter. NBC Securities Inc. now owns 233 shares of the company’s stock valued at $32,000 after buying an additional 165 shares during the period. Finally, Rothschild Investment LLC increased its stake in Datadog by 52.5% during the 4th quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock valued at $37,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Performance

NASDAQ:DDOG opened at $246.86 on Friday. The company has a 50-day moving average of $241.40 and a 200-day moving average of $168.56. The firm has a market cap of $87.87 billion, a price-to-earnings ratio of 649.65, a price-to-earnings-growth ratio of 25.10 and a beta of 1.54. 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, Inc. has a twelve month low of $98.01 and a twelve month high of $278.70.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, May 7th. The company reported $0.60 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $960.12 million. During the same period in the previous year, the firm earned $0.46 EPS. The business’s revenue for the quarter 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. Analysts forecast that Datadog, Inc. will post 0.64 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other news, Director Dev Ittycheria sold 120,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $248.78, for a total transaction of $29,853,600.00. Following the completion of the sale, the director owned 39,235 shares in the company, valued at approximately $9,760,883.30. This represents a 75.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $271.05, for a total value of $14,612,847.60. Following the sale, the chief technology officer directly owned 531,311 shares of the company’s stock, valued at approximately $144,011,846.55. This represents a 9.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,396,309 shares of company stock valued at $317,712,002 in the last 90 days. 6.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $226.00 price target on shares of Datadog in a research report on Thursday, June 11th. UBS Group increased their price objective on shares of Datadog from $220.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Craig Hallum assumed coverage on shares of Datadog in a research note on Monday, June 15th. They set a “buy” rating on the stock. Jefferies Financial Group cut Datadog from a “buy” rating to a “hold” rating and boosted their target price for the stock from $210.00 to $280.00 in a report on Tuesday. Finally, Benchmark upped their target price on Datadog from $260.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $261.68.

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.