Datadog (NASDAQ:DDOG) Stock Gets Price Target Increase from Wells Fargo & Company

Datadog (NASDAQ:DDOG) had its price target raised by equities researchers at Wells Fargo & Company from $295.00 to $325.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 15.39% from the company’s previous close.

Several other equities research analysts have also issued reports on DDOG. KeyCorp raised their price objective on Datadog from $225.00 to $320.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. The Goldman Sachs Group reissued a “sell” rating and set a $158.00 target price on shares of Datadog in a research report on Friday, August 7th. Sanford C. Bernstein upgraded Datadog from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $237.00 to $350.00 in a research report on Monday, October 19th. BMO Capital Markets set a $300.00 price target on Datadog in a research report on Friday, August 7th. Finally, DA Davidson reiterated a “buy” rating and set a $315.00 price objective on shares of Datadog in a research report on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $287.22.

Datadog Stock Up 0.3%

Shares of NASDAQ DDOG traded up $0.84 during mid-day trading on Wednesday, hitting $281.67. 252,535 shares of the company’s stock traded hands, compared to its average volume of 5,050,127. The company’s 50-day moving average is $249.92 and its two-hundred day moving average is $196.16. Datadog has a 1 year low of $98.01 and a 1 year high of $300.68.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the business posted $0.46 EPS. The company’s revenue was up 35.6% on a year-over-year basis. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. On average, equities research analysts anticipate that Datadog will post 0.70 EPS for the current fiscal year.

Insider Activity

In related news, insider Yanbing Li sold 12,700 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $221.26, for a total value of $2,810,002.00. Following the transaction, the insider owned 250,446 shares of the company’s stock, valued at $55,413,681.96. This trade represents a 4.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $273.60, for a total transaction of $14,750,323.20. Following the completion of the transaction, the chief technology officer directly owned 488,033 shares in the company, valued at $133,525,828.80. This represents a 9.95% 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. In the last three months, insiders sold 881,710 shares of company stock valued at $213,560,746. Insiders own 6.48% of the company’s stock.

Hedge Funds Weigh In On Datadog

A number of hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its position in shares of Datadog by 22.8% during the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock worth $905,570,000 after acquiring an additional 1,439,082 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Datadog by 197.9% in the third quarter. Assenagon Asset Management S.A. now owns 2,443,008 shares of the company’s stock valued at $669,018,000 after purchasing an additional 1,622,904 shares during the period. First Trust Advisors LP boosted its holdings in shares of Datadog by 81.5% in the first quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock valued at $435,081,000 after purchasing an additional 1,654,429 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Datadog by 30.3% in the first quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock valued at $312,340,000 after purchasing an additional 615,090 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in Datadog by 46.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 919,360 shares of the company’s stock worth $251,767,000 after purchasing an additional 290,066 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Company Profile

Datadog, Inc is a technology company that provides a cloud-based monitoring and security platform for applications, infrastructure and other technology environments. Its platform helps organizations collect, analyze and visualize data from servers, databases, containers, cloud services, applications and user interactions in a unified environment.

Datadog’s products include infrastructure monitoring, application performance monitoring, log management, real user monitoring, synthetic monitoring, network performance monitoring, cloud security, software delivery tools and incident-management capabilities.