First Citizens Bank & Trust Co. Grows Stock Holdings in Datadog, Inc. $DDOG

First Citizens Bank & Trust Co. increased its position in Datadog, Inc. (NASDAQ:DDOG) by 20.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 38,784 shares of the company’s stock after buying an additional 6,715 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Datadog were worth $4,578,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. JPL Wealth Management LLC purchased a new position in shares of Datadog in the third quarter valued at about $27,000. CoreCap Advisors LLC grew its position 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 in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Datadog during the 4th quarter valued at approximately $31,000. NBC Securities Inc. raised its stake in Datadog by 242.6% during the 4th 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 raised its stake in Datadog by 52.5% during the 4th 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. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DDOG shares. Wolfe Research restated an “outperform” rating and issued a $295.00 price target on shares of Datadog in a research note on Thursday, June 11th. Evercore lifted their price objective on shares of Datadog from $225.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Barclays boosted their target price on shares of Datadog from $260.00 to $290.00 and gave the stock an “overweight” rating in a report on Tuesday. Canadian Imperial Bank of Commerce upped their target price on shares of Datadog from $250.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Finally, TD Cowen raised their target price on shares of Datadog from $235.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $259.07.

Insider Activity at Datadog

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the business’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 sale, the chief technology officer directly owned 509,805 shares in the company, valued at $131,142,238.20. The trade was a 9.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael James Callahan sold 12,500 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $267.47, for a total transaction of $3,343,375.00. Following the sale, the director owned 14,996 shares in the company, valued at $4,010,980.12. This represents a 45.46% decrease in their ownership of the stock. 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 1,396,309 shares of company stock valued at $317,712,002 over the last quarter. 6.48% of the stock is currently owned by insiders.

Key Stories Impacting Datadog

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Multiple analysts raised their price targets on Datadog, including Citizens JMP to $311, Wells Fargo to $295, and Oppenheimer to $300, all while maintaining bullish ratings. Read More
• Positive Sentiment: JMP Securities said infrastructure software remains in a stronger position than application software and called Datadog a top performer in its coverage, reinforcing optimism around the company’s cloud monitoring business. Article Title
• Neutral Sentiment: Datadog has surged sharply year to date, which has led some analysts to say the stock may have less room to run and could be vulnerable if upcoming results disappoint. Article Title
• Neutral Sentiment: Morgan Stanley said sentiment across software stocks has become too negative, suggesting some names could rebound, but the call was broad-based rather than specific to Datadog. Article Title
• Negative Sentiment: Investors are also digesting a headline noting that DDOG stock fell in the latest session, reflecting some profit-taking after its recent rally. Article Title

Datadog Stock Performance

NASDAQ:DDOG opened at $254.79 on Wednesday. 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. The stock’s 50 day simple moving average is $238.98 and its two-hundred day simple moving average is $166.45. The company has a market cap of $90.70 billion, a price-to-earnings ratio of 670.52, a PEG ratio of 26.76 and a beta of 1.54.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, May 7th. The company reported $0.60 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 during the quarter, compared to the consensus estimate of $960.12 million. During the same period in the prior year, the company earned $0.46 EPS. The company’s quarterly revenue 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. As a group, equities analysts anticipate that Datadog, Inc. will post 0.64 earnings per share for the current fiscal year.

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.