Datadog (NASDAQ:DDOG) Price Target Raised to $240.00

Datadog (NASDAQ:DDOG) had its target price lifted by Daiwa Securities Group from $190.00 to $240.00 in a research note published on Wednesday morning,MarketScreener reports. Daiwa Securities Group currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on DDOG. Citigroup raised their price objective on shares of Datadog from $175.00 to $218.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Benchmark reiterated a “buy” rating on shares of Datadog in a research report on Thursday, May 7th. Raymond James Financial lifted their price target on shares of Datadog from $170.00 to $220.00 in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $250.00 price target on shares of Datadog in a research report on Friday, May 8th. Finally, BTIG Research lifted their price target on shares of Datadog from $170.00 to $212.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $213.38.

Datadog Trading Up 2.5%

Shares of DDOG stock opened at $207.98 on Wednesday. The firm has a 50 day moving average price of $135.18 and a two-hundred day moving average price of $139.09. 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 company has a market capitalization of $74.03 billion, a PE ratio of 547.33, a price-to-earnings-growth ratio of 70.17 and a beta of 1.30. Datadog has a 12-month low of $98.01 and a 12-month high of $211.28.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping 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 net margin of 3.69% and a return on equity of 4.83%. The business’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period last year, the business posted $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, analysts predict that Datadog will post 0.33 earnings per share for the current year.

Insider Buying and Selling

In other Datadog news, CEO Olivier Pomel sold 127,141 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $199.84, for a total transaction of $25,407,857.44. Following the completion of the transaction, the chief executive officer directly owned 835,679 shares in the company, valued at $167,002,091.36. The trade was a 13.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 52,832 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $189.28, for a total transaction of $10,000,040.96. Following the transaction, the director owned 622,726 shares of the company’s stock, valued at approximately $117,869,577.28. This represents a 7.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 842,739 shares of company stock valued at $121,023,123 in the last quarter. Corporate insiders own 6.48% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DDOG. Brighton Jones LLC acquired a new position in Datadog during the fourth quarter valued at approximately $209,000. Bison Wealth LLC acquired a new position in Datadog during the fourth quarter valued at approximately $228,000. Empowered Funds LLC raised its position in Datadog by 7.0% during the first quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock valued at $1,023,000 after purchasing an additional 672 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Datadog by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after purchasing an additional 115 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in Datadog during the second quarter valued at approximately $509,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.