Whittier Trust Co. Acquires 8,651 Shares of Datadog, Inc. $DDOG

Whittier Trust Co. lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 8.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 113,316 shares of the company’s stock after buying an additional 8,651 shares during the period. Whittier Trust Co.’s holdings in Datadog were worth $13,201,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DDOG. Nomura Asset Management Co. Ltd. grew its holdings in Datadog by 8.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 152,674 shares of the company’s stock worth $20,762,000 after buying an additional 11,348 shares in the last quarter. Norges Bank purchased a new stake in Datadog in the 4th quarter valued at $469,461,000. MUFG Securities EMEA plc lifted its stake in 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 acquiring an additional 7,154 shares in the last quarter. BNP Paribas lifted its stake in Datadog by 18.4% during the 4th quarter. BNP Paribas now owns 41,280 shares of the company’s stock valued at $5,614,000 after acquiring an additional 6,403 shares in the last quarter. Finally, Patton Fund Management Inc. boosted its holdings in Datadog by 1,964.8% during the 4th quarter. Patton Fund Management Inc. now owns 38,550 shares of the company’s stock worth $5,242,000 after acquiring an additional 36,683 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Insider Activity at Datadog

In related news, CTO Alexis Le-Quoc sold 43,224 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $220.97, for a total value of $9,551,207.28. Following the transaction, the chief technology officer owned 509,805 shares in the company, valued at approximately $112,651,610.85. This represents a 7.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, General Counsel Kerry Acocella sold 5,371 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $233.91, for a total value of $1,256,330.61. Following the transaction, the general counsel directly owned 127,866 shares of the company’s stock, valued at approximately $29,909,136.06. This trade represents a 4.03% 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 have sold a total of 1,435,564 shares of company stock worth $307,665,447 over the last 90 days. Corporate insiders own 6.48% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Arete Research upped their target price on shares of Datadog from $260.00 to $340.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group upped their price objective on shares of Datadog from $121.00 to $139.00 and gave the stock a “sell” rating in a research report on Tuesday, May 12th. Guggenheim increased their price objective on shares of Datadog from $175.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. BMO Capital Markets reissued an “outperform” rating and set a $260.00 target price on shares of Datadog in a research report on Friday, June 12th. Finally, Truist Financial upgraded Datadog from a “hold” rating to a “buy” rating and boosted their target price for the stock from $190.00 to $300.00 in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $243.68.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $260.36 on Monday. The company has a market capitalization of $92.68 billion, a P/E ratio of 685.18, a price-to-earnings-growth ratio of 26.47 and a beta of 1.54. The company’s 50-day moving average is $213.66 and its 200 day moving average is $156.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $278.70.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $960.12 million. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The firm’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.46 earnings per share. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, equities research analysts forecast that Datadog, Inc. will post 0.64 earnings per share for the current year.

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.