First Citizens Bank & Trust Co. Makes New Investment in Datadog, Inc. $DDOG

First Citizens Bank & Trust Co. purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 50,610 shares of the company’s stock, valued at approximately $13,860,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DDOG. Employees Provident Fund Board purchased a new stake in Datadog in the fourth quarter valued at $251,582,000. First Trust Advisors LP grew its holdings in shares of Datadog by 81.5% during the first quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after purchasing an additional 1,654,429 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Datadog by 22.8% during the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock worth $905,570,000 after purchasing an additional 1,439,082 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Datadog by 162.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company’s stock worth $185,459,000 after purchasing an additional 971,910 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Datadog by 30.3% during the first quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock worth $312,340,000 after purchasing an additional 615,090 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Datadog

In other Datadog news, CEO Olivier Pomel sold 127,141 shares of Datadog stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $286.71, for a total value of $36,452,596.11. Following the transaction, the chief executive officer directly owned 612,747 shares in the company, valued at approximately $175,680,692.37. This trade represents a 17.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $253.36, for a total value of $13,659,144.32. Following the completion of 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 991,988 shares of company stock worth $241,440,796 over the last quarter. Company insiders own 6.48% of the company’s stock.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $283.34 on Wednesday. The company has a 50-day simple moving average of $245.95 and a 200-day simple moving average of $218.99. Datadog, Inc. has a one year low of $98.01 and a one year high of $300.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20. The stock has a market capitalization of $101.74 billion, a price-to-earnings ratio of 578.26, a PEG ratio of 28.04 and a beta of 1.51.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company posted $0.46 earnings per share. The business’s revenue was up 35.6% on a year-over-year basis. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. On average, analysts predict that Datadog, Inc. will post 0.70 EPS for the current year.

More Datadog News

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: RBC raised its price target for Datadog from $280 to $320 and maintained an “outperform” rating, implying further upside from the recent trading level. Royal Bank Of Canada Issues Positive Forecast for Datadog Stock Price
• Positive Sentiment: Yorkville Ives increased its Datadog target to $335, adding to the series of favorable analyst views and signaling confidence in demand for the company’s cloud monitoring and observability products. Yorkville Ives raises target for Datadog stock
• Positive Sentiment: Wall Street’s average brokerage recommendation remains equivalent to a Buy. However, the source cautions that analyst ratings can be overly optimistic and should be weighed alongside valuation and fundamentals. Is Datadog a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: Investors continue to focus on whether rising AI observability demand can accelerate Datadog’s growth. Separately, questions about OpenAI’s revenue outlook and AI infrastructure spending could create volatility across AI-related stocks, although they may also present opportunities for established observability providers. Is Broader AI Observability Demand Lifting Datadog?
• Negative Sentiment: Datadog CTO Amit Agarwal sold approximately $14.75 million of stock. The insider transaction may weigh on sentiment, particularly as the shares trade near their 52-week high and at an elevated valuation, including a very high price-to-earnings ratio. Datadog CTO Sells Stock

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DDOG shares. UBS Group cut their target price on Datadog from $315.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Citizens Jmp upped their target price on Datadog from $225.00 to $311.00 and gave the company a “market outperform” rating in a research report on Monday, July 20th. Canaccord Genuity Group raised their price target on Datadog from $250.00 to $295.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Rosenblatt Securities raised their price target on Datadog from $220.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Zacks Research lowered Datadog from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $280.51.

About Datadog

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.