Datadog (NASDAQ:DDOG) Price Target Raised to $280.00 at Bank of America

Datadog (NASDAQ:DDOG) had its price target hoisted by Bank of America from $260.00 to $280.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price target would indicate a potential upside of 21.37% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. Wolfe Research reduced their price objective on Datadog from $185.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 10th. Cantor Fitzgerald raised their price objective on Datadog from $171.00 to $226.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. CICC Research raised their price objective on Datadog from $150.00 to $204.00 in a research note on Monday, May 11th. Truist Financial raised their price objective on Datadog from $120.00 to $190.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. Finally, Canaccord Genuity Group set a $225.00 price objective on Datadog in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and a consensus price target of $220.17.

Datadog Price Performance

NASDAQ DDOG traded down $3.42 during trading hours on Monday, reaching $230.69. 2,332,001 shares of the stock traded hands, compared to its average volume of 5,971,413. The stock has a 50 day simple moving average of $167.10 and a two-hundred day simple moving average of $145.03. Datadog has a 1 year low of $98.01 and a 1 year high of $278.70. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40. The company has a market cap of $82.12 billion, a price-to-earnings ratio of 607.86, a price-to-earnings-growth ratio of 25.07 and a beta of 1.56.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $960.12 million. During the same period last year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, analysts predict that Datadog will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Dev Ittycheria sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $248.78, for a total value of $29,853,600.00. Following the sale, the director directly owned 39,235 shares of the company’s stock, valued at $9,760,883.30. This trade represents a 75.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Adam Blitzer sold 12,202 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $249.29, for a total value of $3,041,836.58. Following the completion of the sale, the chief operating officer directly owned 263,771 shares in the company, valued at $65,755,472.59. The trade was a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,141,526 shares of company stock valued at $214,081,807 over the last ninety days. Corporate insiders own 6.48% of the company’s stock.

Institutional Trading of Datadog

Several large investors have recently bought and sold shares of DDOG. Brighton Jones LLC bought a new stake in Datadog during the 4th quarter valued at approximately $209,000. Bison Wealth LLC bought a new stake in Datadog during the 4th quarter valued at approximately $228,000. Empowered Funds LLC boosted its position in Datadog by 7.0% during the 1st quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock valued at $1,023,000 after acquiring an additional 672 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Datadog by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after acquiring an additional 115 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in Datadog during the 2nd quarter valued at approximately $509,000. 78.29% of the stock is owned by institutional investors.

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.