IMA Advisory Services Inc. Raises Stake in Datadog, Inc. $DDOG

IMA Advisory Services Inc. increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 7.9% during the 1st quarter, HoldingsChannel reports. The fund owned 33,892 shares of the company’s stock after buying an additional 2,493 shares during the period. IMA Advisory Services Inc.’s holdings in Datadog were worth $4,001,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC bought a new stake in shares of Datadog in the 4th quarter worth approximately $209,000. Bison Wealth LLC bought a new position in Datadog during the 4th quarter valued at approximately $228,000. Empowered Funds LLC raised its stake in Datadog by 7.0% during the first quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock valued at $1,023,000 after buying an additional 672 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Datadog by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after buying an additional 115 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in Datadog in the second quarter worth $509,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Down 1.4%

Datadog stock opened at $258.69 on Friday. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $278.70. The stock has a fifty day simple moving average of $236.67 and a two-hundred day simple moving average of $164.54. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25. The firm has a market cap of $92.08 billion, a price-to-earnings ratio of 680.78, a PEG ratio of 26.67 and a beta of 1.54.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 32.1% on a year-over-year basis. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Equities analysts predict that Datadog, Inc. will post 0.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO David M. Obstler sold 75,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $231.69, for a total transaction of $17,376,750.00. Following the sale, the chief financial officer owned 434,591 shares of the company’s stock, valued at $100,690,388.79. This trade represents a 14.72% decrease in their position. 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 business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $271.05, for a total transaction of $14,612,847.60. Following the transaction, the chief technology officer directly owned 531,311 shares of the company’s stock, valued at $144,011,846.55. The trade was a 9.21% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,459,533 shares of company stock worth $325,887,030 in the last quarter. Insiders own 6.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Piper Sandler reissued an “overweight” rating and issued a $275.00 target price (up from $230.00) on shares of Datadog in a research note on Wednesday, June 10th. The Goldman Sachs Group lifted their price target on Datadog from $121.00 to $139.00 and gave the stock a “sell” rating in a research report on Tuesday, May 12th. Benchmark increased their price objective on shares of Datadog from $260.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Wall Street Zen upgraded shares of Datadog from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Barclays lifted their target price on shares of Datadog from $215.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $251.55.

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.