Ninepoint Partners LP Makes New $2.33 Million Investment in Datadog, Inc. $DDOG

Ninepoint Partners LP purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the second quarter, Holdings Channel.com reports. The firm purchased 8,966 shares of the company’s stock, valued at approximately $2,334,000.

Other hedge funds also recently modified their holdings of the company. Elevation Wealth Partners LLC grew its holdings in Datadog by 2,700.0% in the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares during the period. JPL Wealth Management LLC bought a new position in shares of Datadog during the 3rd quarter worth about $27,000. NBC Securities Inc. grew its stake in shares of Datadog by 242.6% in 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. Rothschild Investment LLC grew its stake in shares of Datadog by 52.5% in 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. Finally, Quarry LP bought a new stake in Datadog in the 3rd quarter valued at about $45,000. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Down 0.4%

DDOG stock opened at $232.55 on Friday. The firm has a market capitalization of $83.50 billion, a PE ratio of 474.60, a P/E/G ratio of 22.92 and a beta of 1.54. 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, Inc. has a twelve month low of $98.01 and a twelve month high of $292.72. The stock’s 50 day moving average is $249.69 and its 200-day moving average is $185.59.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.65 EPS 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 business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm posted $0.46 EPS. Datadog’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. Sell-side analysts expect that Datadog, Inc. will post 0.7 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $253.36, for a total transaction of $13,659,144.32. Following the transaction, the chief technology officer directly owned 509,805 shares of the company’s stock, valued at $129,164,194.80. This trade represents a 9.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Amit Agarwal sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $249.32, for a total transaction of $4,986,400.00. Following the transaction, the director owned 1,640 shares in the company, valued at approximately $408,884.80. This trade represents a 92.42% 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. Insiders have sold a total of 1,465,134 shares of company stock valued at $363,421,509 over the last 90 days. 6.48% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DDOG shares. Robert W. Baird set a $300.00 price target on Datadog in a report on Friday, August 7th. BMO Capital Markets set a $300.00 target price on Datadog in a research report on Friday, August 7th. Arete Research increased their target price on Datadog from $260.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Evercore lifted their price target on shares of Datadog from $225.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Datadog from $250.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $276.32.

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.