Triasima Portfolio Management inc. Makes New $4.48 Million Investment in Datadog, Inc. $DDOG

Triasima Portfolio Management inc. acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 16,364 shares of the company’s stock, valued at approximately $4,481,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Financial Management LLC raised its position in shares of Datadog by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after purchasing an additional 45 shares during the period. State of Wyoming lifted its stake in shares of Datadog by 4.1% during the 1st quarter. State of Wyoming now owns 1,946 shares of the company’s stock worth $230,000 after buying an additional 76 shares during the last quarter. Roberts Wealth Advisors LLC lifted its stake in shares of Datadog by 0.6% during the 3rd quarter. Roberts Wealth Advisors LLC now owns 15,720 shares of the company’s stock worth $4,305,000 after buying an additional 91 shares during the last quarter. Ancora Advisors LLC boosted its holdings in shares of Datadog by 44.1% during the 2nd quarter. Ancora Advisors LLC now owns 307 shares of the company’s stock worth $80,000 after buying an additional 94 shares during the period. Finally, Quadcap Wealth Management LLC boosted its holdings in shares of Datadog by 5.5% during the 1st quarter. Quadcap Wealth Management LLC now owns 1,970 shares of the company’s stock worth $233,000 after buying an additional 102 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Down 1.1%

DDOG stock opened at $266.25 on Friday. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $300.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. The stock has a market capitalization of $95.61 billion, a price-to-earnings ratio of 543.38, a PEG ratio of 26.28 and a beta of 1.51. The business’s fifty day moving average price is $246.42 and its two-hundred day moving average price is $221.08.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. Datadog’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. On average, equities analysts anticipate that Datadog, Inc. will post 0.70 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on DDOG shares. BMO Capital Markets set a $300.00 price target on shares of Datadog in a research note on Friday, August 7th. Scotiabank increased their price target on shares of Datadog from $275.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Citigroup raised their price objective on shares of Datadog from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Royal Bank Of Canada raised their price objective on shares of Datadog from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Sanford C. Bernstein cut Datadog from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $180.00 to $226.00 in a report on Monday, July 6th. Three 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $281.18.

Insiders Place Their Bets

In other Datadog news, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $273.60, for a total transaction of $14,750,323.20. Following the transaction, the chief technology officer owned 488,033 shares in the company, valued at $133,525,828.80. This represents a 9.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Sean Walters sold 11,710 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $221.04, for a total transaction of $2,588,378.40. Following the transaction, the executive directly owned 233,135 shares in the company, valued at $51,532,160.40. This represents a 4.78% 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. Over the last ninety days, insiders have sold 991,988 shares of company stock worth $241,440,796. 6.48% of the stock is currently owned by insiders.

Datadog Profile

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.