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

NewEdge Wealth LLC decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 46.1% during the third quarter, according to its most recent filing with the SEC. 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 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DDOG. Westside Investment Management Inc. increased its holdings in Datadog by 74.3% during the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after buying an additional 75 shares during the period. Rothschild Investment LLC increased its holdings in shares of Datadog by 126.6% in the 3rd quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Tripletail Wealth Management LLC bought a new position in shares of Datadog in the 3rd quarter worth $28,000. Physician Wealth Advisors Inc. lifted its stake in shares of Datadog by 315.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after purchasing an additional 145 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. bought a new stake in Datadog during the third quarter valued at about $28,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of DDOG stock opened at $115.66 on Monday. The business has a fifty day moving average of $129.27 and a 200 day moving average of $143.00. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.38 and a quick ratio of 3.38. The firm has a market capitalization of $40.56 billion, a price-to-earnings ratio of 373.10, a price-to-earnings-growth ratio of 31.79 and a beta of 1.27.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned $0.49 earnings per share. The company’s revenue was up 29.2% on a year-over-year basis. Datadog has set its FY 2026 guidance at 2.080-2.160 EPS and its Q1 2026 guidance at 0.490-0.510 EPS. As a group, research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Capital One Financial increased their price target on shares of Datadog from $156.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Royal Bank Of Canada decreased their target price 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. Truist Financial cut their price target on shares of Datadog from $195.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, January 7th. Arete Research increased their price objective on Datadog from $230.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Finally, TD Cowen restated a “buy” rating on shares of Datadog in a research note on Wednesday, January 21st. Thirty-six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.62.

Insiders Place Their Bets

In related news, CEO Olivier Pomel sold 32,923 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $154.63, for a total transaction of $5,090,883.49. Following the completion of the transaction, the chief executive officer directly owned 518,133 shares in the company, valued at $80,118,905.79. The trade was a 5.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $154.05, for a total value of $8,305,143.60. Following the sale, the chief technology officer directly owned 295,448 shares in the company, valued at $45,513,764.40. This represents a 15.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 337,291 shares of company stock valued at $48,909,907. 8.70% of the stock is owned by insiders.

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.