Datadog, Inc. $DDOG Shares Bought by Congress Asset Management Co.

by · The Markets Daily

Congress Asset Management Co. grew its stake in Datadog, Inc. (NASDAQ:DDOG – Free Report) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 268,825 shares of the company’s stock after purchasing an additional 7,802 shares during the quarter. Congress Asset Management Co.’s holdings in Datadog were worth $71,350,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of DDOG. Janus Henderson Group PLC increased its holdings in Datadog by 22.8% in the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock valued at $905,570,000 after buying an additional 1,439,082 shares during the last quarter. First Trust Advisors LP grew its position in shares of Datadog by 81.5% in the 1st quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after acquiring an additional 1,654,429 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Datadog by 30.3% in the 1st quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock worth $312,340,000 after acquiring an additional 615,090 shares in the last quarter. Employees Provident Fund Board bought a new stake in shares of Datadog in the 4th quarter valued at approximately $251,582,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Datadog by 162.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company’s stock valued at $185,459,000 after acquiring an additional 971,910 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DDOG. Evercore increased their target price on shares of Datadog from $225.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Piper Sandler reissued an “overweight” rating and issued a $275.00 target price (up from $230.00) on shares of Datadog in a report on Wednesday, June 10th. Needham & Company LLC lifted their target price on Datadog from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Benchmark reiterated a “buy” rating on shares of Datadog in a research report on Tuesday, July 28th. Finally, Rosenblatt Securities boosted their price objective on Datadog from $220.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $277.73.

Check Out Our Latest Research Report on DDOG

Insiders Place Their Bets

In related news, CEO Olivier Pomel sold 127,141 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $286.71, for a total value of $36,452,596.11. Following the completion of the transaction, the chief executive officer owned 612,747 shares in the company, valued at $175,680,692.37. This represents a 17.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 in the company, valued at approximately $129,164,194.80. The trade was a 9.56% 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. Insiders have sold 1,011,988 shares of company stock worth $245,906,996 over the last three months. Corporate insiders own 6.48% of the company’s stock.

Datadog Stock Performance

Shares of NASDAQ DDOG traded up $1.82 during midday trading on Tuesday, hitting $278.24. 1,755,508 shares of the company’s stock were exchanged, compared to its average volume of 5,252,355. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $292.72. The firm has a market cap of $99.91 billion, a P/E ratio of 567.85, a PEG ratio of 27.05 and a beta of 1.51. The stock’s 50 day moving average price is $245.02 and its 200-day moving average price is $213.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20.

Datadog (NASDAQ:DDOG – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The firm’s revenue was up 35.6% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Equities research analysts anticipate that Datadog, Inc. will post 0.7 EPS for the current year.

Datadog Company Profile

(Free Report)

Datadog, Inc is a software company that provides a cloud-based monitoring, observability and security platform. Its services help organizations collect, analyze and visualize data from applications, infrastructure, networks, databases and other technology environments, enabling them to identify performance issues, manage incidents and improve digital services.

The company’s product offerings include infrastructure monitoring, application performance monitoring, log management, database and network monitoring, real user and synthetic experience monitoring, cloud security, software supply chain security, incident management and workflow automation.

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