Datadog (NASDAQ:DDOG) Given New $320.00 Price Target at KeyCorp

Datadog (NASDAQ:DDOG) had its price objective upped by KeyCorp from $225.00 to $320.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price objective suggests a potential upside of 21.00% from the stock’s previous close.

DDOG has been the topic of several other reports. Needham & Company LLC raised their price target on shares of Datadog from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Citizens Jmp raised shares of Datadog from a “market perform” rating to an “outperform” rating and set a $225.00 price objective for the company in a research note on Thursday, May 7th. Arete Research increased their price objective on shares of Datadog from $260.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Zacks Research raised shares of Datadog from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Mizuho boosted their target price on Datadog from $220.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $248.70.

Datadog Stock Performance

Shares of NASDAQ:DDOG opened at $264.46 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40. Datadog has a 1 year low of $98.01 and a 1 year high of $278.70. The firm has a market capitalization of $94.14 billion, a PE ratio of 695.97, a P/E/G ratio of 27.53 and a beta of 1.54. The business’s 50 day moving average price is $234.03 and its 200-day moving average price is $163.01.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.51 by $0.09. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $960.12 million. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The firm’s revenue was up 32.1% compared to the same quarter last year. During the same period in the prior year, the company earned $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. As a group, equities research analysts expect that Datadog will post 0.64 earnings per share for the current fiscal year.

Insider Activity at Datadog

In other news, Director Dev Ittycheria sold 120,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $248.78, for a total transaction of $29,853,600.00. Following the completion of the sale, the director owned 39,235 shares in the company, valued at $9,760,883.30. This trade represents a 75.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David M. Obstler sold 75,000 shares of Datadog stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $231.69, for a total transaction of $17,376,750.00. Following the sale, the chief financial officer directly owned 434,591 shares in the company, valued at approximately $100,690,388.79. The trade was a 14.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,459,533 shares of company stock valued at $325,887,030 over the last ninety days. Corporate insiders own 6.48% of the company’s stock.

Institutional Investors Weigh In On Datadog

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DDOG. Regent Peak Wealth Advisors LLC acquired a new position in shares of Datadog in the 2nd quarter valued at $206,000. Tema ETFs LLC raised its holdings in Datadog by 8.1% in the 2nd quarter. Tema ETFs LLC now owns 5,792 shares of the company’s stock valued at $1,508,000 after buying an additional 435 shares during the period. Handelsbanken Fonder AB lifted its position in Datadog by 81.6% in the second quarter. Handelsbanken Fonder AB now owns 170,519 shares of the company’s stock valued at $44,396,000 after buying an additional 76,607 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Datadog in the second quarter valued at about $260,000. Finally, Sax Wealth Advisors LLC boosted its stake in Datadog by 4.2% during the second quarter. Sax Wealth Advisors LLC now owns 5,257 shares of the company’s stock worth $1,369,000 after buying an additional 212 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Company Profile

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.