Klingman & Associates 13F: Cuts Datadog (DDOG) Stake by $1.7M

Klingman & Associates reduced its stake in Datadog, Inc. DDOG during the quarter, according to a Form 13F filing with the SEC on October 20, 2026. The firm trimmed its holdings by 6,134 shares, marking a 9.1% reduction from the previous period. That left the firm with 61,389 shares of the cloud software provider, with a reported value of $16,811,378 at the time of the filing. Datadog closed at $260.36 on the filing date.

DDOG Datadog, Inc.

$256.43 ▲ +91.69% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in Klingman & Associates's Datadog Position

The fund held 67,523 shares prior to the adjustment. Dropping 6,134 shares lowered its total count to 61,389 shares. The resulting position value reached $16.8 million, reflecting the 9.1% decrease in shares.

Other Institutional Activity in Datadog

Sumitomo Mitsui DS Asset Management Company reduced its holdings by 23,028 shares, ending with 100,161 shares worth about $27.4 million. Cibc Asset Management trimmed its position by 9,140 shares to finish with 190,598 shares valued at about $49.4 million. Jupiter Topco LLC grew its holdings by 3,471,761 shares, ending with 6,943,522 shares worth about $1.8 billion. Jennison Associates LLC grew its holdings by 937,617 shares, ending with 6,860,657 shares worth about $1.8 billion.

Datadog, Inc. Stock Up 3.7%

Datadog shares recently traded around $256.26 as of October 21, 2026, putting the price about 1.6% lower than its $260.36 close on the filing date. The stock sits roughly 3.5% above its 50-day moving average of $247.63 and 33.3% above its 200-day moving average of $192.24. It trades 14.8% below its 52-week high of $300.68 and well above its 52-week low of $98.01. The company has a market value of roughly $93.5 billion, a forward P/E of 87.2, and a beta of 1.51.

Recent Earnings

Datadog reported trailing-twelve-month revenue of $3.97 billion with year-over-year revenue growth of 35.6%. The company posted trailing earnings of $0.50 per share, alongside a net profit margin of 4.5% and a return on equity of 4.7%. Its next earnings report is scheduled for November 4, 2026.

Insider Buying and Selling at Datadog, Inc.

Chief Financial Officer David M. Obstler sold 24,000 shares on September 14, 2026, for a total value of $5,459,447. Obstler also sold 40,000 shares on September 14, 2026, worth $9,098,759, and another 16,000 shares on September 21, 2026, at an average price of $241.25 for a total value of $3,860,000. General Counsel Kerry Acocella sold 5,280 shares on September 14, 2026, valued at $1,208,328.

Analysts Set New Price Targets

On October 9, 2026, CIBC maintained its outperformer rating while raising its price target from $280.00 to $315.00. RBC Capital maintained an outperform rating and lifted its target from $280.00 to $320.00 on October 12, 2026. Barclays maintained an overweight rating on October 13, 2026, boosting its target from $290.00 to $300.00. Mizuho maintained an outperform rating on October 15, 2026, raising its target from $300.00 to $330.00. Bernstein upgraded the stock to an outperform rating on October 19, 2026, and raised its price target from $237.00 to $350.00. Wall Street currently rates the stock a strong buy, backed by a mean price target of $292.36 across 47 analyst opinions.

About Datadog

Datadog, Inc. runs an observability and security platform designed for cloud applications. Headquartered in New York, the company provides monitoring and analytics tools that help engineering teams track the performance of their cloud infrastructure and software systems.

Bottom Line

Klingman & Associates joined other institutional managers in trimming its position during the period. Investors will look to the upcoming earnings release on November 4, 2026, for further updates on the software provider's financial trajectory.