Highland Capital Management 13F: Cuts DDOG Stake by $4.7M
Key Points
- Highland Capital Management reduced its Datadog position by 17,010 shares, resulting in a total of 3,358 shares valued at about $919,588.
- The fund's reported value for Datadog now represents 0.11% of its total holdings, ranking 41st out of 415 positions.
- As of October 27, 2026, Datadog shares were recently trading around $280.38, which is about equal to its closing price of $280.24 on October 26.
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Highland Capital Management cut its position in Datadog, Inc. (DDOG) by 17,010 shares, according to a filing on October 26, 2026. This reduction brings its total holdings in Datadog down to 3,358 shares, valued at approximately $919,588.
DDOG
Datadog, Inc.
What Changed in Highland Capital Management's Datadog Position
Highland Capital Management's latest Form 13F filing shows it reduced its stake in Datadog by 17,010 shares, reflecting a decrease of about 83.5%. The total reported value of its Datadog position is now $919,588, which accounts for 0.11% of the fund's overall portfolio valued at $833 million.
Where Datadog Fits in Highland Capital Management's Portfolio
Datadog ranks 41st out of 415 positions in Highland's portfolio. The recent cut in shares is significant as it represents a notable decrease in the fund's investment in the company, which has seen a substantial estimated gain since the original purchase price.
Other Institutional Activity in Datadog
Ag2R la Mondiale Gestion D'Actifs cut its stake in Datadog by 35,872 shares, leaving it with 13,925 shares valued at about $3.8 million. Meanwhile, Jupiter Topco LLC grew its holdings by 3,471,761 shares, bringing its total to 6,943,522 shares worth about $1.95 billion. Jennison Associates LLC also increased its position by 937,617 shares, resulting in 6,860,657 shares valued at approximately $1.92 billion.
Datadog, Inc. Stock Up 4.0%
As of October 27, 2026, Datadog shares were recently trading around $280.38, which is about equal to its closing price of $280.24 on October 26. The stock is currently above its 50-day moving average by 12.5% and well above its 200-day moving average by 43.4%. However, it is below its 52-week high of $300.68 by about 6.8%.
Recent Earnings
Datadog reported trailing twelve-month revenue of approximately $3.97 billion, reflecting a year-over-year growth of 35.6%. The next earnings report is scheduled for November 4, 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.
Several insiders have sold shares recently. On September 14, 2026, Chief Financial Officer David M Obstler sold 40,000 shares valued at about $9.1 million, while General Counsel Kerry Acocella sold 5,280 shares worth approximately $1.2 million. These transactions occurred before Highland's recent filing.
Analysts Set New Price Targets
On October 26, 2026, Oppenheimer maintained its rating of Outperform on Datadog with a price target of $330. Earlier in the month, Bernstein upgraded the stock to Outperform with a target of $350. The consensus recommendation for Datadog remains a strong buy with a mean price target of $292.84 from 46 analysts.
About Datadog
Datadog, Inc. operates a platform that provides observability and security solutions for cloud applications. Founded in New York, NY, the company serves clients both in the U.S. and internationally, helping them monitor their systems and improve performance.
Bottom Line
Investors should keep an eye on Datadog's upcoming earnings report on November 4, 2026, and watch for any further changes in institutional holdings as the market continues to evolve.
Related Filing Alerts
Source: Highland Capital Management's 13F filing on $DDOG (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts