Datadog (NASDAQ:DDOG) Price Target Raised to $311.00

Datadog (NASDAQ:DDOG) had its price target increased by Citizens Jmp from $225.00 to $311.00 in a research report released on Monday,Benzinga reports. They currently have a market outperform rating on the stock.

DDOG has been the topic of several other reports. Wedbush assumed coverage on shares of Datadog in a research report on Monday, June 15th. They set a “neutral” rating on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $280.00 target price on shares of Datadog in a report on Thursday, July 16th. Needham & Company LLC increased their price target on Datadog from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. DA Davidson set a $250.00 price target on Datadog in a report on Friday, May 22nd. Finally, Wells Fargo & Company raised their price target on Datadog from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $261.68.

Datadog Trading Down 3.5%

Datadog stock opened at $245.77 on Monday. Datadog has a 12-month low of $98.01 and a 12-month high of $278.70. The firm has a market capitalization of $87.48 billion, a price-to-earnings ratio of 646.78, a P/E/G ratio of 25.91 and a beta of 1.54. The firm has a 50 day moving average of $239.79 and a 200 day moving average of $167.23. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $960.12 million. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share. 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, research analysts predict that Datadog will post 0.64 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Michael James Callahan sold 12,500 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $267.47, for a total value of $3,343,375.00. Following the sale, the director owned 14,996 shares of the company’s stock, valued at approximately $4,010,980.12. This represents a 45.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Kerry Acocella sold 5,371 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $233.91, for a total transaction of $1,256,330.61. Following the completion of the sale, the general counsel owned 127,866 shares of the company’s stock, valued at $29,909,136.06. This trade represents a 4.03% 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 1,396,309 shares of company stock valued at $317,712,002 over the last 90 days. 6.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Datadog

Hedge funds have recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC grew its holdings in shares of Datadog by 3.3% during the third quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock valued at $242,000 after buying an additional 55 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Datadog by 1.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 4,778 shares of the company’s stock valued at $622,000 after acquiring an additional 73 shares during the period. Vivaldi Capital Management LP raised its stake in Datadog by 2.8% in the 3rd quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock worth $383,000 after acquiring an additional 74 shares during the last quarter. State of Wyoming raised its stake in Datadog by 4.1% in the 1st quarter. State of Wyoming now owns 1,946 shares of the company’s stock worth $230,000 after acquiring an additional 76 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Datadog by 2.0% during the 4th quarter. Farther Finance Advisors LLC now owns 3,892 shares of the company’s stock worth $529,000 after acquiring an additional 78 shares during the period. 78.29% of the stock is currently owned by institutional investors.

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.