Datadog (NASDAQ:DDOG) Price Target Raised to $295.00

Datadog (NASDAQ:DDOG) had its target price lifted by stock analysts at Wells Fargo & Company from $230.00 to $295.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 14.04% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Zacks Research raised shares of Datadog from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Bank of America raised their target price on Datadog from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Stifel Nicolaus set a $305.00 target price on Datadog in a research report on Thursday, May 7th. Benchmark boosted their price target on Datadog from $260.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, Monness Crespi & Hardt upped their price target on Datadog from $255.00 to $270.00 in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $254.84.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $258.69 on Monday. The firm’s 50 day moving average price is $236.67 and its 200-day moving average price is $164.73. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $92.08 billion, a PE ratio of 680.78, a price-to-earnings-growth ratio of 26.30 and a beta of 1.54. Datadog has a twelve month low of $98.01 and a twelve month high of $278.70.

Datadog (NASDAQ:DDOG) last announced its 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. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $960.12 million. During the same period in the prior year, the company earned $0.46 earnings per share. The firm’s revenue was up 32.1% on a year-over-year basis. 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 expect that Datadog will post 0.64 EPS for the current year.

Insider Activity

In related news, CEO Olivier Pomel sold 84,698 shares of Datadog stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $232.30, for a total transaction of $19,675,345.40. Following the sale, the chief executive officer owned 612,747 shares of the company’s stock, valued at approximately $142,341,128.10. This trade represents a 12.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $257.24, for a total value of $13,868,322.88. Following the sale, the chief technology officer directly owned 509,805 shares in the company, valued at $131,142,238.20. This trade represents a 9.56% 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 a total of 1,439,533 shares of company stock valued at $323,367,430 in the last three months. 6.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Datadog

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp lifted its position in shares of Datadog by 106.8% in the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after buying an additional 7,091,075 shares in the last quarter. Norges Bank purchased a new position in Datadog during the 4th quarter valued at approximately $469,461,000. Jennison Associates LLC grew its holdings in Datadog by 43.7% during the 4th quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock valued at $1,036,787,000 after buying an additional 2,316,994 shares in the last quarter. Invesco Ltd. increased its stake in Datadog by 119.2% in the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock worth $580,383,000 after acquiring an additional 2,216,402 shares during the last quarter. Finally, Employees Provident Fund Board bought a new stake in Datadog in the 4th quarter worth approximately $251,582,000. Institutional investors own 78.29% of the company’s stock.

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.