Amit Agarwal Buys 20,000 Shares of Datadog, Inc.
Amit Agarwal purchased 20,000 shares of Datadog, Inc. on June 18, 2026.
Key Points
- Amit Agarwal bought 20,000 shares of Datadog, Inc. on June 18, 2026, boosting his stake in the company.
- Datadog's stock traded near $222.8 on Wednesday, with a market cap of $78.8 billion and a forward P/E of 77.5.
- Analysts maintain a strong buy consensus, with Scotiabank and Citigroup setting price targets of $275 and $270, respectively.
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Amit Agarwal bought 20,000 shares of Datadog, Inc. (NasdaqGS: DDOG) on June 18, 2026. This transaction was not part of a planned trading program. The purchase adds to Agarwal's involvement with the company, although the exact price and total value of the transaction were not disclosed.
Other Institutional Activity in Datadog, Inc.
Several major institutional investors have adjusted their positions in Datadog, Inc. recently. BlackRock, Inc. increased its holdings by 6,921,512 shares, bringing its total to 35,251,123 shares worth about $4.16 billion, marking a 24.4% increase. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, acquiring 21,320,127 shares and 17,575,658 shares, respectively. State Street Corp made a smaller adjustment, adding 29,465 shares to reach a total of 14,060,951 shares valued at $1.66 billion, a 0.2% increase. Conversely, FMR LLC reduced its stake by 4,912,937 shares, now holding 13,288,419 shares valued at approximately $1.57 billion, a 27.0% decrease.
Datadog, Inc. Stock Down 6.0%
Shares of Datadog, Inc. traded near $222.8 on Wednesday. The company boasts a market cap of $78.8 billion and has a forward P/E ratio of 77.5, reflecting investor expectations of future growth. Datadog's stock has a 52-week low of $98.01 and a high of $278.71. The stock's 50-day moving average is $186.06, while the 200-day moving average stands at $151.44. Datadog maintains a strong current ratio of 3.40 and a quick ratio of 3.29, with a debt-to-equity ratio of 32.22.
$DDOG stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Datadog, Inc. reported revenue of $3.67 billion, reflecting a 32.2% growth. The company's earnings per share (EPS) stood at $0.38, with a net margin of 3.7% and a return on equity (ROE) of 3.93%. Investors are looking forward to the next earnings report, expected on August 6, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
15 target raises vs 2 cuts.
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EPS & revenue
EPS beat estimates by 15.9%. Revenue beat estimates by 2.6%.
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Profit surprise
EBITDA missed by 66 percent. Operating income missed by 71 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
15 target raises, 2 target cuts.
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Earnings quality
Operating margin up 2.4 points. Positive free cash flow.
Earnings Call Summary
Datadog had an outstanding quarter with revenue of $1.006 billion, up 32 percent year over year and beating expectations. The company landed major deals with two of the world's largest artificial intelligence research teams and saw strong growth in non-artificial-intelligence customers as well, with net revenue retention around 120 percent. Management highlighted strong adoption of their artificial intelligence products like GPU monitoring and their security agents, which are helping customers monitor complex workloads faster and more efficiently.
Guidance Datadog raised full year revenue guidance to $4.3 billion to $4.34 billion, up from prior expectations. For next quarter they expect $1.07 billion to $1.08 billion in revenue. They are investing heavily in artificial intelligence products and expect continued strong growth driven by cloud migration and new AI training workloads at hyperscaler companies.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Datadog, Inc.
On June 18, 2026, Amit Agarwal purchased 20,000 shares of Datadog, Inc. without a pre-arranged trading plan. On the same day, he also sold 20,000 shares at an undisclosed price. Meanwhile, CEO Olivier Pomel sold 84,698 shares on June 16, 2026, at an average price of $232.30, under a 10b5-1 trading plan.
Analysts Set New Price Targets
On June 18, 2026, Scotiabank maintained its buy rating for Datadog, setting a price target of $275. Citigroup also maintained its buy rating on June 17, 2026, with a target of $270. On June 15, 2026, Truist Securities upgraded the stock to a buy, with a target of $300. Overall, analysts have a strong buy consensus, with an average price target of $241.36, based on 46 opinions.
About Datadog, Inc.
Datadog, Inc. is a technology company based in New York, NY. It provides an observability and security platform for cloud applications, helping businesses monitor and manage their infrastructure and application performance. Founded in 2010, Datadog offers a range of products, including log management, real user monitoring, and cloud security. The company employs about 8,100 people and is led by CEO Olivier Pomel.
Bottom Line
Amit Agarwal's recent purchase of Datadog shares highlights ongoing interest in the company. As a major player in the tech sector with a comprehensive platform for cloud applications, Datadog continues to attract institutional investors. The strong buy consensus among analysts suggests confidence in the company's growth prospects. However, it's important to remember that insider transactions and analyst ratings are just parts of a broader investment picture.
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