Datadog’s (DDOG) Outperform Rating Reiterated at Royal Bank Of Canada

Datadog (NASDAQ:DDOG)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research report issued on Wednesday,Benzinga reports. They currently have a $250.00 price target on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 8.36% from the stock’s current price.

DDOG has been the topic of several other research reports. The Goldman Sachs Group lifted their price target on Datadog from $121.00 to $139.00 and gave the stock a “sell” rating in a research report on Tuesday, May 12th. Citigroup increased their price objective on Datadog from $175.00 to $218.00 and gave the company a “buy” rating in a report on Friday, May 8th. Robert W. Baird set a $210.00 target price on shares of Datadog in a research report on Friday, May 8th. CICC Research lifted their target price on shares of Datadog from $150.00 to $204.00 in a report on Monday, May 11th. Finally, Citizens Jmp upgraded shares of Datadog from a “market perform” rating to an “outperform” rating and set a $225.00 price target for the company in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $223.86.

Datadog Stock Performance

DDOG traded up $3.37 on Wednesday, reaching $230.71. The company had a trading volume of 678,794 shares, compared to its average volume of 5,938,947. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.25. Datadog has a 1 year low of $98.01 and a 1 year high of $278.70. The stock has a market capitalization of $82.12 billion, a PE ratio of 605.39, a P/E/G ratio of 24.81 and a beta of 1.56. The stock has a 50-day moving average price of $171.50 and a 200-day moving average price of $145.78.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, May 7th. The company reported $0.60 EPS for the quarter, topping 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 business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $960.12 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The business’s revenue 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. As a group, research analysts forecast that Datadog will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Matthew Jacobson sold 52,832 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $189.28, for a total transaction of $10,000,040.96. Following the completion of the sale, the director owned 622,726 shares in the company, valued at $117,869,577.28. This represents a 7.82% 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, Director Dev Ittycheria sold 120,000 shares of the stock in a transaction on 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 approximately $9,760,883.30. This represents a 75.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,070,415 shares of company stock worth $205,781,777. 6.48% of the stock is currently owned by company insiders.

Institutional Trading of Datadog

Several hedge funds have recently made changes to their positions in DDOG. Parallel Advisors LLC increased its stake in shares of Datadog by 12.5% during the first quarter. Parallel Advisors LLC now owns 9,730 shares of the company’s stock worth $1,149,000 after acquiring an additional 1,082 shares during the period. Glenmede Trust Co. NA raised its holdings in Datadog by 15.6% during the first quarter. Glenmede Trust Co. NA now owns 8,346 shares of the company’s stock worth $985,000 after purchasing an additional 1,126 shares in the last quarter. Groupe la Francaise lifted its position in Datadog by 20.4% in the first quarter. Groupe la Francaise now owns 93,982 shares of the company’s stock valued at $11,063,000 after purchasing an additional 15,907 shares during the period. Western Wealth Management LLC acquired a new stake in Datadog in the first quarter valued at about $65,000. Finally, Janus Henderson Group PLC boosted its holdings in Datadog by 22.8% in the 1st quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock valued at $905,570,000 after purchasing an additional 1,439,082 shares in the last quarter. Institutional investors and hedge funds 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.