National Pension Service Sells 37,935 Shares of Datadog, Inc. $DDOG

National Pension Service cut its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 8.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 415,491 shares of the company’s stock after selling 37,935 shares during the quarter. National Pension Service’s holdings in Datadog were worth $108,177,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in shares of Datadog by 27,002.8% in the second quarter. California State Teachers Retirement System now owns 121,189,509 shares of the company’s stock worth $31,552,901,000 after purchasing an additional 120,742,361 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Datadog by 7.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,423,814 shares of the company’s stock valued at $1,961,496,000 after purchasing an additional 956,993 shares during the period. State Street Corp increased its stake in shares of Datadog by 106.8% in the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after purchasing an additional 7,091,075 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Datadog by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,056,086 shares of the company’s stock valued at $1,227,184,000 after acquiring an additional 197,816 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Datadog by 22.8% in the 1st quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock worth $905,570,000 after purchasing an additional 1,439,082 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Price Performance

NASDAQ DDOG opened at $221.72 on Friday. The firm’s fifty day simple moving average is $246.37 and its two-hundred day simple moving average is $196.50. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $292.72. The firm has a market capitalization of $79.62 billion, a P/E ratio of 452.50, a P/E/G ratio of 22.06 and a beta of 1.49. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23.

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 company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the business posted $0.46 earnings per share. The firm’s 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 0.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DDOG shares. Arete Research raised their price objective on Datadog from $260.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Citizens Jmp increased their target price on shares of Datadog from $225.00 to $311.00 and gave the company a “market outperform” rating in a research note on Monday, July 20th. BMO Capital Markets set a $300.00 target price on shares of Datadog in a report on Friday, August 7th. Canaccord Genuity Group raised their price target on Datadog from $250.00 to $295.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Craig Hallum began coverage on shares of Datadog in a research report on Monday, June 15th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average target price of $276.32.

Insider Buying and Selling at Datadog

In other news, Director Julie Richardson sold 5,625 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $220.00, for a total value of $1,237,500.00. Following the transaction, the director directly owned 3,178 shares of the company’s stock, valued at approximately $699,160. This represents a 63.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Adam Blitzer sold 12,032 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $214.38, for a total transaction of $2,579,420.16. Following the completion of the transaction, the chief operating officer owned 237,927 shares in the company, valued at approximately $51,006,790.26. This trade represents a 4.81% 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. In the last quarter, insiders have sold 1,077,367 shares of company stock worth $260,947,004. 6.48% of the stock is owned by corporate insiders.

Datadog Profile

Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company’s products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.