Public Employees Retirement System of Ohio Makes New Investment in Datadog, Inc. $DDOG

Public Employees Retirement System of Ohio purchased a new stake in Datadog, Inc. (NASDAQ:DDOG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 125,073 shares of the company’s stock, valued at approximately $32,564,000.

A number of other hedge funds have also modified their holdings of DDOG. Nomura Asset Management Co. Ltd. raised its position in Datadog by 8.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 152,674 shares of the company’s stock worth $20,762,000 after buying an additional 11,348 shares during the last quarter. Norges Bank purchased a new stake in shares of Datadog in the 4th quarter valued at $469,461,000. MUFG Securities EMEA plc increased its stake in shares of Datadog by 115.6% in the fourth quarter. MUFG Securities EMEA plc now owns 13,342 shares of the company’s stock worth $1,814,000 after acquiring an additional 7,154 shares during the period. BNP Paribas raised its holdings in shares of Datadog by 18.4% during the fourth quarter. BNP Paribas now owns 41,280 shares of the company’s stock worth $5,614,000 after purchasing an additional 6,403 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in Datadog by 90.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 9,967 shares of the company’s stock worth $1,355,000 after purchasing an additional 4,723 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Performance

NASDAQ DDOG opened at $236.98 on Friday. The stock has a market capitalization of $85.09 billion, a price-to-earnings ratio of 483.64, a PEG ratio of 23.66 and a beta of 1.54. The stock has a 50-day moving average of $250.20 and a 200 day moving average of $189.95. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $292.72.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%.Datadog’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Sell-side analysts anticipate that Datadog, Inc. will post 0.7 EPS for the current fiscal year.

Insider Transactions at Datadog

In related news, Director Matthew Jacobson sold 19,512 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $256.25, for a total value of $4,999,950.00. Following the completion of the sale, the director owned 524,708 shares of the company’s stock, valued at approximately $134,456,425. The trade was a 3.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amit Agarwal sold 20,000 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $249.32, for a total transaction of $4,986,400.00. Following the transaction, the director owned 1,640 shares of the company’s stock, valued at $408,884.80. This represents a 92.42% decrease in their ownership of the stock. 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 1,470,714 shares of company stock worth $365,447,780 in the last ninety days. Company insiders own 6.48% of the company’s stock.

Wall Street Analysts Forecast Growth

DDOG has been the subject of several analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $280.00 price objective on shares of Datadog in a report on Thursday, August 6th. Canadian Imperial Bank of Commerce lifted their price target on Datadog from $250.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Piper Sandler reissued an “overweight” rating and issued a $275.00 price target (up from $230.00) on shares of Datadog in a report on Wednesday, June 10th. Canaccord Genuity Group upped their price objective on Datadog from $250.00 to $295.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Craig Hallum assumed coverage on shares of Datadog in a research note on Monday, June 15th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus price target of $276.32.

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.