NewEdge Wealth LLC Lowers Position in Datadog, Inc. $DDOG

NewEdge Wealth LLC decreased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 46.1% during the third quarter, Holdings Channel.com reports. The firm owned 7,016 shares of the company’s stock after selling 6,012 shares during the period. NewEdge Wealth LLC’s holdings in Datadog were worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. PKO Investment Management Joint Stock Co purchased a new position in shares of Datadog in the 3rd quarter valued at about $1,709,000. Hartford Investment Management Co. acquired a new position in shares of Datadog during the 3rd quarter worth approximately $2,689,000. Munro Partners purchased a new position in shares of Datadog during the 3rd quarter valued at approximately $7,120,000. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in Datadog by 134.5% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 31,142 shares of the company’s stock valued at $4,435,000 after acquiring an additional 17,860 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Datadog by 37.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 109,233 shares of the company’s stock worth $15,555,000 after acquiring an additional 30,008 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DDOG has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Datadog from $140.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Royal Bank Of Canada reduced their price target on shares of Datadog from $175.00 to $150.00 and set an “outperform” rating for the company in a research report on Monday, February 9th. Moffett Nathanson reaffirmed a “buy” rating on shares of Datadog in a research note on Monday, December 29th. Raymond James Financial cut their price objective on Datadog from $205.00 to $170.00 and set an “outperform” rating for the company in a research note on Tuesday, February 10th. Finally, TD Cowen reissued a “buy” rating on shares of Datadog in a report on Wednesday, January 21st. Thirty-six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.62.

Datadog Stock Down 4.1%

Shares of NASDAQ:DDOG opened at $115.66 on Monday. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $201.69. The stock has a market cap of $40.56 billion, a P/E ratio of 373.10, a PEG ratio of 31.79 and a beta of 1.27. The business has a fifty day moving average of $129.27 and a two-hundred day moving average of $143.00. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 0.26.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.55 by $0.04. Datadog had a return on equity of 4.14% and a net margin of 3.14%.The business had revenue of $953.19 million for the quarter, compared to analyst estimates of $916.53 million. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 29.2% compared to the same quarter last year. Datadog has set its FY 2026 guidance at 2.080-2.160 EPS and its Q1 2026 guidance at 0.490-0.510 EPS. On average, research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO David M. Obstler sold 12,513 shares of Datadog stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total transaction of $1,984,561.80. Following the sale, the chief financial officer owned 374,138 shares of the company’s stock, valued at approximately $59,338,286.80. The trade was a 3.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Olivier Pomel sold 32,923 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $154.63, for a total value of $5,090,883.49. Following the completion of the transaction, the chief executive officer owned 518,133 shares of the company’s stock, valued at $80,118,905.79. The trade was a 5.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 337,291 shares of company stock valued at $48,909,907 over the last ninety days. Company insiders own 8.70% of the company’s stock.

Datadog Company 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.