In a recent SEC filing, investment manager Baillie Gifford disclosed a significant reduction in its holdings of Datadog (DDOG) during the second quarter of 2026. As of June 30, 2026, the firm held approximately 1.35 million shares, a decrease of over 56% from the 3.08 million shares reported at the end of the first quarter. This disclosure, made in a delayed 13F filing, reflects trading activity that occurred between April 1 and June 30, 2026.
During that period, Datadog continued to exhibit strong business performance. The company later announced robust second-quarter results on August 6, 2026, beating revenue and earnings expectations and raising its full-year guidance. Despite the positive financial results, the stock experienced a decline following the announcement, a reaction some analysts attributed to a “buy the rumor, sell the fact” pattern after a significant run-up in the stock's price.