Assetmark Inc. Cuts Stock Position in Datadog, Inc. $DDOG

Assetmark Inc. lessened its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 19.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,413 shares of the company’s stock after selling 6,063 shares during the period. Assetmark Inc.’s holdings in Datadog were worth $3,000,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. JPL Wealth Management LLC acquired a new stake in Datadog during the 3rd quarter worth about $27,000. CoreCap Advisors LLC raised its holdings in shares of Datadog by 1,461.5% during the fourth quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after purchasing an additional 190 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Datadog during the fourth quarter worth $31,000. NBC Securities Inc. lifted its position in Datadog by 242.6% during the fourth quarter. NBC Securities Inc. now owns 233 shares of the company’s stock valued at $32,000 after purchasing an additional 165 shares during the period. Finally, Rothschild Investment LLC lifted its position in Datadog by 52.5% during the fourth quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock valued at $37,000 after purchasing an additional 94 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Performance

Datadog stock opened at $245.77 on Thursday. The firm has a 50 day simple moving average of $239.79 and a 200-day simple moving average of $167.23. The stock has a market cap of $87.48 billion, a price-to-earnings ratio of 646.78, a price-to-earnings-growth ratio of 25.91 and a beta of 1.54. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $278.70.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share 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 analysts’ expectations of $960.12 million. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The company’s revenue was up 32.1% compared to the same quarter last year. During the same period in the prior year, the business 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. On average, analysts expect that Datadog, Inc. will post 0.64 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Canaccord Genuity Group lifted their price target on Datadog from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Truist Financial upgraded shares of Datadog from a “hold” rating to a “buy” rating and raised their price target for the company from $190.00 to $300.00 in a research report on Monday, June 15th. TD Cowen lifted their price target on shares of Datadog from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday. BTIG Research reiterated a “buy” rating and issued a $255.00 price objective on shares of Datadog in a report on Thursday, June 11th. Finally, Stifel Nicolaus set a $305.00 price objective on Datadog in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have issued 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 a consensus target price of $261.68.

Insider Buying and Selling

In other Datadog news, Director Amit Agarwal sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 1,640 shares of the company’s stock, valued at approximately $438,552.40. This trade represents a 92.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 dated Monday, June 15th. The stock was sold at an average price of $233.91, for a total transaction of $1,256,330.61. Following the sale, the general counsel owned 127,866 shares of the company’s stock, valued at $29,909,136.06. This trade represents a 4.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,396,309 shares of company stock worth $317,712,002. Corporate insiders own 6.48% of the company’s stock.

About Datadog

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.