Sumitomo Mitsui DS Asset Management Company Ltd Sells 23,028 Shares of Datadog, Inc. $DDOG

Sumitomo Mitsui DS Asset Management Company Ltd reduced its position in Datadog, Inc. (NASDAQ:DDOG) by 18.7% in the third quarter, HoldingsChannel.com reports. The firm owned 100,161 shares of the company’s stock after selling 23,028 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Datadog were worth $27,429,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC raised its position in shares of Datadog by 22.8% during the 1st quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock valued at $905,570,000 after purchasing an additional 1,439,082 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Datadog by 197.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,443,008 shares of the company’s stock worth $669,018,000 after buying an additional 1,622,904 shares during the period. First Trust Advisors LP boosted its holdings in Datadog by 81.5% in the 1st quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after buying an additional 1,654,429 shares during the period. Bank of New York Mellon Corp boosted its holdings in Datadog by 30.3% in the 1st quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock worth $312,340,000 after buying an additional 615,090 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Datadog by 162.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company’s stock worth $185,459,000 after buying an additional 971,910 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Key Datadog News

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Bernstein upgraded Datadog to Outperform from Market Perform and raised its price target to $350 from $237. The firm believes AI-driven workloads should support demand for Datadog’s observability and monitoring platform, providing the primary catalyst for the stock’s advance. Bernstein Upgrades Datadog to Outperform, Price Target is $350
• Positive Sentiment: Additional coverage highlighted Bernstein’s view that accelerating AI adoption is bringing cloud-software stocks back into favor. Datadog was among the strongest-moving names in the group, reinforcing investor optimism about its long-term growth prospects. Datadog receives upgrade to Outperform on AI-driven demand: Bernstein
• Positive Sentiment: Mizuho also raised its Datadog price target to $330, adding further bullish analyst support. Mizuho raises Datadog stock target to USD 330
• Positive Sentiment: Market coverage described Datadog as a long-term growth stock, while noting that its monitoring platform could benefit from sustained AI infrastructure and application spending. Why Datadog is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Robertson Stephens Wealth Management increased its Datadog holdings by 218.2% during the third quarter, according to a regulatory filing. The purchase indicates institutional interest but is historical and has limited immediate earnings impact. Datadog Stock Position Boosted by Robertson Stephens Wealth Management

Insider Buying and Selling

In related news, CFO David Obstler sold 10,000 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $241.25, for a total transaction of $2,412,500.00. Following the completion of the transaction, the chief financial officer directly owned 368,067 shares of the company’s stock, valued at approximately $88,796,163.75. This represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Sean Walters sold 11,710 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $221.04, for a total value of $2,588,378.40. Following the transaction, the executive owned 233,135 shares of the company’s stock, valued at $51,532,160.40. This represents a 4.78% 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 sold 948,764 shares of company stock valued at $229,976,494 in the last ninety days. Company insiders own 6.48% of the company’s stock.

Datadog Stock Up 5.4%

DDOG opened at $260.36 on Tuesday. The firm has a 50-day simple moving average of $246.67 and a two-hundred day simple moving average of $223.00. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $300.68. The company has a market capitalization of $93.49 billion, a PE ratio of 405.10, a price-to-earnings-growth ratio of 24.12 and a beta of 1.51. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business posted $0.46 earnings per share. The business’s quarterly revenue was up 35.6% compared to the same quarter last year. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Analysts forecast that Datadog, Inc. will post 0.70 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DDOG. Raymond James Financial reiterated an “outperform” rating and issued a $280.00 price target on shares of Datadog in a research note on Thursday, August 6th. Guggenheim boosted their price objective on Datadog from $225.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Oppenheimer boosted their price objective on Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, July 20th. Robert W. Baird set a $300.00 price objective on Datadog in a research note on Friday, August 7th. Finally, Scotiabank increased their target price on Datadog from $275.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $285.04.

Datadog Company Profile

Datadog, Inc is a technology company that provides a cloud-based monitoring and security platform for applications, infrastructure and other technology environments. Its platform helps organizations collect, analyze and visualize data from servers, databases, containers, cloud services, applications and user interactions in a unified environment.

Datadog’s products include infrastructure monitoring, application performance monitoring, log management, real user monitoring, synthetic monitoring, network performance monitoring, cloud security, software delivery tools and incident-management capabilities.