Sumitomo Mitsui DS Asset Management Company 13F: Cuts DDOG Stake by $6.3M
Key Points
- Sumitomo Mitsui DS Asset Management cut its stake in Datadog, Inc. by 18.7%, holding 100,161 shares worth about $27.4 million as of October 20, 2026.
- Datadog trades around $256.26, sitting below its 52-week high of $300.68 while preparing for its next earnings release on November 4, 2026.
- Other large institutional investors like Jupiter Topco LLC and Jennison Associates LLC adjusted major positions in the cloud monitoring platform.
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Sumitomo Mitsui DS Asset Management lowered its investment in Datadog, Inc. DDOG during the period, according to a Form 13F filing with the Securities and Exchange Commission on October 20, 2026.
DDOG
Datadog, Inc.
What Changed in Sumitomo Mitsui DS Asset Management's Datadog Position
The fund cut its stake by 23,028 shares, which is an 18.7% decrease from its prior holding of 123,189 shares. That left the firm with 100,161 shares of the cloud software provider. The remaining shares carried a reported value of $27.4 million on the filing date.
Other Institutional Activity in Datadog
Other large money managers made substantial adjustments to their own stakes in the cloud platform around the same reporting period. 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 recently traded around $256.26 on October 21, 2026, down about 1.6% from its closing price of $260.36 on the filing date. The stock sits above its 50-day moving average of $247.63 and well above its 200-day moving average of $192.24.
Recent Earnings
Datadog operates an observability and security platform for cloud applications. The company generated trailing twelve-month revenue of $3.97 billion with a net profit margin of 4.5% and a return on equity of 4.7%. Its next quarterly 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.
Company insiders executed several transactions prior to the filing. Chief Financial Officer David M. Obstler and General Counsel Kerry Acocella sold shares in September 2026, including a sale of 16,000 shares by Obstler at an average price of $241.25.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. On October 19, 2026, Bernstein upgraded the stock to an Outperform rating with a $350.00 price target. The stock holds a consensus strong buy rating from 47 analysts with a mean price target of $292.36.
About Datadog
Datadog provides cloud monitoring and security tools that help engineering teams track the health and performance of their applications, servers, and databases in real time.
Bottom Line
Investors will look to Datadog's upcoming earnings report on November 4, 2026, for fresh signals on cloud software demand. Future institutional filings will show whether other major holders follow Sumitomo Mitsui DS in trimming their positions.
Related Filing Alerts
Source: Sumitomo Mitsui DS Asset Management Company's 13F filing on $DDOG (Oct 20, 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