Datadog, Inc.

NASDAQ Global Select
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Bullish +65

Amova Asset Management Americas Inc. Buys 18,322 Shares of Datadog, Inc ...

📈 Amova Asset Management raised its DDOG position by 15.0% in Q1, adding 18,322 shares for a total holding of 140,788 shares valued at $16.6 million.

🏦 Norges Bank acquired a new stake worth approximately $469.5 million, while MUFG Securities EMEA plc increased its holdings by 115.6% in Q4.

💰 Datadog reported Q1 revenue of $1.01 billion, beating estimates and growing 32.1% year-over-year with EPS of $0.60 versus a consensus of $0.51.

📊 The company achieved a net margin of 3.69% and a return on equity of 4.83% during the reported quarter.

🔭 Datadog issued FY 2026 EPS guidance of $2.36-$2.44 and Q2 2026 guidance of $0.57-$0.59.

📉 Insider selling was significant in June, with Director Dev Ittycheria and CTO Alexis Le-Quoc selling shares totaling over $323 million to cover tax withholding.

🔼 KeyCorp raised its price target to $320.00 with an overweight rating, while TD Cowen and Canaccord Genuity also increased their targets.

📝 Wedbush initiated coverage with a neutral rating, contrasting with the majority of other analysts who maintain buy or outperform ratings.

🏢 Institutional ownership stands at 78.29%, while insiders own 6.48% of the company's stock.

Bullish Signals
  • Datadog beat earnings expectations with $0.60 EPS compared to a consensus of $0.51, demonstrating strong operational execution.
  • Revenue reached $1.01 billion, exceeding analyst forecasts of $960.12 million and growing 32.1% year-over-year.
  • Major institutional investors like Norges Bank and MUFG Securities EMEA increased their stakes significantly, signaling confidence in the company's long-term prospects.
  • Multiple brokerages raised price targets, with KeyCorp setting a high target of $320.00 and TD Cowen raising its to $260.00.
  • The company maintains a consensus analyst rating of Moderate Buy with an average price target of $256.80.
Risk Factors
  • Significant insider selling occurred in June, with Director Dev Ittycheria and CTO Alexis Le-Quoc combined selling over $323 million in shares to cover tax obligations.
  • Director Dev Ittycheria reduced his position by 75.36%, leaving him with only 39,235 shares remaining.
Full Analysis
Amova Asset Management Americas Inc. increased its stake in Datadog, Inc. (DDOG) by 15.0% during the first quarter, acquiring an additional 18,322 shares to hold a total of 140,788 shares valued at $16.6 million. Several other major institutional investors also adjusted their positions in the fourth quarter, including Nomura Asset Management raising its stake by 8.0% and Norges Bank acquiring a new position worth approximately $469.5 million. Notably, MUFG Securities EMEA plc significantly lifted its holdings by 115.6%, while BNP Paribas and Patton Fund Management also increased their stakes. Datadog reported strong financial performance in the quarter ended May 7th, posting earnings per share of $0.60 which beat the consensus estimate of $0.51. The company generated revenue of $1.01 billion, representing a 32.1% year-over-year increase compared to analyst expectations of $960.12 million. With a net margin of 3.69% and a return on equity of 4.83%, the business demonstrated solid profitability. The company provided forward guidance for fiscal year 2026 EPS between $2.36 and $2.44, and Q2 2026 EPS between $0.57 and $0.59. Analyst sentiment remains largely positive with several brokerages raising price targets and maintaining buy ratings. KeyCorp lifted its target price to $320.00 with an overweight rating, while TD Cowen raised its target to $260.00 and Canaccord Genuity increased theirs to $250.00. The consensus rating is a Moderate Buy with an average price target of $256.80. However, insider selling activity was notable in June, with Director Dev Ittycheria and CTO Alexis Le-Quoc selling shares totaling over $323 million combined to cover tax obligations.