Datadog (NASDAQ:DDOG) Price Target Raised to $260.00

Datadog (NASDAQ:DDOG) had its price target raised by stock analysts at Needham & Company LLC from $225.00 to $260.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price objective indicates a potential upside of 16.78% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Capital One Financial upped their price objective on shares of Datadog from $217.00 to $268.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Benchmark raised their target price on Datadog from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. The Goldman Sachs Group upped their price target on Datadog from $121.00 to $139.00 and gave the company a “sell” rating in a research report on Tuesday, May 12th. Rosenblatt Securities increased their price objective on Datadog from $178.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Citizens Jmp upgraded Datadog from a “market perform” rating to an “outperform” rating and set a $225.00 price objective for the company in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average target price of $242.09.

Datadog Stock Up 0.9%

Shares of Datadog stock opened at $222.65 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40. Datadog has a 52-week low of $98.01 and a 52-week high of $278.70. The company’s 50 day moving average price is $196.02 and its 200-day moving average price is $151.12. The stock has a market capitalization of $79.25 billion, a price-to-earnings ratio of 585.94, a P/E/G ratio of 23.26 and a beta of 1.56.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $960.12 million. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The firm’s revenue was up 32.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Equities research analysts forecast that Datadog will post 0.62 EPS for the current year.

Insider Activity at Datadog

In other Datadog news, Director Dev Ittycheria sold 120,000 shares of Datadog stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $248.78, for a total transaction of $29,853,600.00. Following the sale, the director directly owned 39,235 shares of the company’s stock, valued at approximately $9,760,883.30. The trade was a 75.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Olivier Pomel sold 127,141 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $199.84, for a total value of $25,407,857.44. Following the transaction, the chief executive officer owned 835,679 shares in the company, valued at $167,002,091.36. This trade represents a 13.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,455,364 shares of company stock valued at $306,341,930 over the last three months. Corporate insiders own 6.48% of the company’s stock.

Institutional Investors Weigh In On Datadog

Hedge funds have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its stake in Datadog by 8.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 152,674 shares of the company’s stock worth $20,762,000 after acquiring an additional 11,348 shares in the last quarter. MUFG Securities EMEA plc increased its stake in shares of Datadog by 115.6% during the fourth quarter. MUFG Securities EMEA plc now owns 13,342 shares of the company’s stock valued at $1,814,000 after purchasing an additional 7,154 shares in the last quarter. Norges Bank bought a new position in shares of Datadog during the fourth quarter valued at approximately $469,461,000. BNP Paribas lifted its holdings in shares of Datadog by 18.4% during the fourth quarter. BNP Paribas now owns 41,280 shares of the company’s stock valued at $5,614,000 after purchasing an additional 6,403 shares during the last quarter. Finally, Patton Fund Management Inc. lifted its holdings in shares of Datadog by 1,964.8% during the fourth quarter. Patton Fund Management Inc. now owns 38,550 shares of the company’s stock valued at $5,242,000 after purchasing an additional 36,683 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

About Datadog

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.