Empirical Financial Services LLC d.b.a. Empirical Wealth Management Takes Position in Datadog, Inc. $DDOG

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in Datadog, Inc. (NASDAQ:DDOG) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,448 shares of the company’s stock, valued at approximately $289,000.

A number of other hedge funds have also made changes to their positions in DDOG. Price T Rowe Associates Inc. MD boosted its position in Datadog by 7.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,423,814 shares of the company’s stock valued at $1,961,496,000 after buying an additional 956,993 shares in the last quarter. State Street Corp grew its stake in Datadog by 106.8% during the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after buying an additional 7,091,075 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Datadog by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,056,086 shares of the company’s stock worth $1,227,184,000 after buying an additional 197,816 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Datadog by 43.7% during the fourth quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock worth $1,036,787,000 after buying an additional 2,316,994 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of 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 acquiring an additional 2,216,402 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity at Datadog

In other news, 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 transaction, the director owned 1,640 shares of the company’s stock, valued at $438,552.40. This represents a 92.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 Wednesday, July 8th. The shares were sold at an average price of $257.24, for a total value of $13,868,322.88. Following the completion of the transaction, the chief technology officer owned 509,805 shares in the company, valued at approximately $131,142,238.20. This represents a 9.56% 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. Insiders have 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 Stock Performance

Shares of Datadog stock opened at $258.69 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40. The firm has a market cap of $92.08 billion, a P/E ratio of 680.78, a P/E/G ratio of 26.30 and a beta of 1.54. The firm has a 50 day simple moving average of $236.67 and a 200 day simple moving average of $164.73. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $278.70.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.09. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $960.12 million. During the same quarter in the prior year, the business earned $0.46 EPS. The business’s revenue for the quarter was up 32.1% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Evercore boosted their target price on Datadog from $225.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. UBS Group raised their price target on Datadog from $220.00 to $315.00 and gave the company a “buy” rating in a report on Thursday. Barclays boosted their price objective on Datadog from $215.00 to $260.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Scotiabank increased their target price on Datadog from $225.00 to $275.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $226.00 target price on shares of Datadog in a report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.55.

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.