Midwest Trust 13F: Cuts Datadog (DDOG) Stake by $2.8M
Key Points
- Midwest Trust lowered its position in Datadog, Inc. by 25.0% during the quarter, bringing its total holding down to 30,265 shares valued at $8,288,070.
- The cloud monitoring stock recently traded near $257.83, sitting well above its 200-day moving average ahead of an upcoming November earnings report.
- Wall Street analysts maintain a strong buy consensus on the company with a mean price target of $292.36 ahead of earnings.
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In a Form 13F filing on October 22, 2026, Midwest Trust disclosed that it reduced its stake in Datadog, Inc. ticker DDOG by 10,095 shares. The quarterly regulatory report shows the firm held 30,265 shares of the software maker at the end of the period, worth approximately $8,288,070.
DDOG
Datadog, Inc.
What Changed in Midwest Trust's Datadog Position
Midwest Trust cut its holdings in Datadog by a 25.0% margin during the quarter. The adjustment lowered its share count from 40,360 down to 30,265 shares. The resulting stake was valued at $8,288,070 at the time of the filing.
Other Institutional Activity in Datadog
Robeco Institutional Asset Management B.V. grew its holdings by 290,066 shares, ending with 919,360 shares worth about $251,766,738. Sumitomo Mitsui DS Asset Management Company reduced its holdings by 23,028 shares, ending with 100,161 shares valued at about $27,429,090. Klingman & Associates trimmed its holdings by 6,134 shares, finishing with 61,389 shares worth about $16,811,378. Cibc Asset Management cut its position by 9,140 shares to hold 190,598 shares valued at about $49,394,424. Jupiter Topco LLC increased its stake by 3,471,761 shares, a 100.0% change, ending with 6,943,522 shares worth about $1,789,692,795.
Datadog, Inc. Stock Up 0.5%
Datadog shares recently traded around $257.83 as of October 23, 2026, staying close to their closing price of $257.75 on the filing date. The stock trades about 33.2% above its 200-day moving average.
Recent Earnings
Datadog posted trailing twelve month revenue of nearly $3.97 billion alongside basic earnings per share of $0.50. The next earnings release 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.
Company insiders completed several transactions ahead of the filing, including General Counsel Kerry Acocella selling 5,280 shares and Chief Financial Officer David M Obstler executing multiple sales totaling tens of thousands of shares.
Analysts Set New Price Targets
Wall Street firms updated their outlooks ahead of the filing, with Bernstein upgrading the stock to an outperform rating with a target price of $350.00 on October 19, 2026.
About Datadog, Inc.
Datadog, Inc. runs an observability and security platform designed for cloud applications. The company helps engineering teams monitor infrastructure, track performance metrics, and secure digital services across modern IT environments.
Bottom Line
Investors will look toward the upcoming earnings release on November 4, 2026 for fresh signals on cloud software demand. Additional institutional filings will continue to show how large funds adjust their technology holdings.
Related Filing Alerts
Source: Midwest Trust's 13F filing on $DDOG (Oct 22, 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