Empirical Financial Services LLC d.b.a. Empirical Wealth Management Makes New Investment in Datadog, Inc. $DDOG

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 2,448 shares of the company’s stock, valued at approximately $289,000.

Other large investors also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Datadog by 106.8% in the 3rd 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 during the last quarter. Norges Bank bought a new stake in Datadog in the fourth quarter valued at about $469,461,000. Jennison Associates LLC lifted its stake in Datadog by 43.7% in the fourth quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock valued at $1,036,787,000 after buying an additional 2,316,994 shares during the period. Invesco Ltd. lifted its stake in Datadog by 119.2% in the third quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock valued at $580,383,000 after buying an additional 2,216,402 shares during the period. Finally, Employees Provident Fund Board bought a new position in Datadog during the fourth quarter worth about $251,582,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Price Performance

Shares of DDOG opened at $258.69 on Monday. The stock has a 50 day simple moving average of $236.67 and a 200 day simple moving average of $164.73. Datadog, Inc. has a 52-week low of $98.01 and a 52-week 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 firm has a market capitalization of $92.08 billion, a PE ratio of 680.78, a P/E/G ratio of 26.30 and a beta of 1.54.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, May 7th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. The firm had revenue of $1.01 billion for 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 business’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period last year, the company posted $0.46 EPS. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Sell-side analysts predict that Datadog, Inc. will post 0.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DDOG. Sanford C. Bernstein cut Datadog from an “outperform” rating to a “market perform” rating and upped their price target for the company from $180.00 to $226.00 in a research note on Monday, July 6th. Rosenblatt Securities boosted their price objective on shares of Datadog from $178.00 to $220.00 and gave the company a “buy” rating in a report on Friday, May 8th. New Street Research set a $260.00 target price on shares of Datadog in a research note on Thursday, June 11th. Capital One Financial increased their target price on shares of Datadog from $217.00 to $268.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Finally, Barclays lifted their price target on shares of Datadog from $215.00 to $260.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $251.55.

Insider Buying and Selling at Datadog

In related news, CEO Olivier Pomel sold 84,698 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $232.30, for a total value of $19,675,345.40. Following the sale, the chief executive officer directly owned 612,747 shares of the company’s stock, valued at approximately $142,341,128.10. The trade was a 12.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Amit Agarwal sold 20,000 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $267.41, for a total transaction of $5,348,200.00. Following the completion of the transaction, the director directly owned 1,640 shares of the company’s stock, valued at approximately $438,552.40. The trade was a 92.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,439,533 shares of company stock valued at $323,367,430 over the last quarter. 6.48% of the stock is currently owned by corporate insiders.

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.