Union Square Park Capital Management LLC Sells 2,500 Shares of Datadog, Inc. $DDOG

Union Square Park Capital Management LLC lessened its holdings in shares of Datadog, Inc. (NASDAQ:DDOGFree Report) by 25.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,500 shares of the company’s stock after selling 2,500 shares during the quarter. Union Square Park Capital Management LLC’s holdings in Datadog were worth $1,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Elevation Point Wealth Partners LLC increased its holdings in shares of Datadog by 3.3% in the third quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock worth $242,000 after purchasing an additional 55 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Datadog by 1.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 4,778 shares of the company’s stock valued at $622,000 after purchasing an additional 73 shares in the last quarter. Vivaldi Capital Management LP raised its holdings in shares of Datadog by 2.8% in the third quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock worth $383,000 after buying an additional 74 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Datadog by 2.0% in the fourth quarter. Farther Finance Advisors LLC now owns 3,892 shares of the company’s stock worth $529,000 after buying an additional 78 shares during the last quarter. Finally, Roberts Wealth Advisors LLC raised its holdings in shares of Datadog by 0.6% during the fourth quarter. Roberts Wealth Advisors LLC now owns 14,041 shares of the company’s stock worth $1,909,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling

In other Datadog news, CFO David M. Obstler sold 75,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $231.69, for a total value of $17,376,750.00. Following the transaction, the chief financial officer directly owned 434,591 shares in the company, valued at $100,690,388.79. This represents a 14.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 127,141 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $199.84, for a total transaction of $25,407,857.44. Following the transaction, the chief executive officer owned 835,679 shares in the company, valued at approximately $167,002,091.36. This trade represents a 13.21% 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 a total of 1,354,489 shares of company stock valued at $278,129,246 over the last three months. 6.48% of the stock is currently owned by insiders.

Datadog Stock Down 0.8%

Shares of DDOG opened at $231.11 on Wednesday. The stock has a market capitalization of $82.27 billion, a PE ratio of 608.20, a P/E/G ratio of 24.96 and a beta of 1.56. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $278.70. 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 company’s 50-day simple moving average is $182.76 and its 200-day simple moving average is $148.33.

Datadog (NASDAQ:DDOGGet Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.60 earnings per share 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 firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $960.12 million. During the same period in the prior year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. 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 0.61 earnings per share for the current fiscal year.

More Datadog News

Here are the key news stories impacting Datadog this week:

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DDOG. DA Davidson set a $250.00 price target on shares of Datadog in a research report on Friday, May 22nd. Capital One Financial lowered their price target on shares of Datadog from $157.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Scotiabank boosted their price target on shares of Datadog from $160.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce boosted their price target on shares of Datadog from $250.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Finally, Needham & Company LLC began coverage on shares of Datadog in a research report on Monday. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $234.14.

Read Our Latest Stock Analysis on DDOG

About Datadog

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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