Datadog (NASDAQ:DDOG) Raised to “Strong-Buy” at Wedbush

Datadog (NASDAQ:DDOG) was upgraded by analysts at Wedbush to a “strong-buy” rating in a report issued on Thursday, Zacks reports.

DDOG has been the topic of a number of other reports. UBS Group cut their price target on Datadog from $315.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Benchmark reiterated a “buy” rating on shares of Datadog in a report on Tuesday, July 28th. Arete Research raised their target price on Datadog from $260.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Citigroup increased their price target on shares of Datadog from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, BMO Capital Markets set a $300.00 target price on shares of Datadog in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and a consensus price target of $276.66.

Datadog Trading Down 0.2%

NASDAQ DDOG opened at $221.21 on Thursday. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog has a 52 week low of $98.01 and a 52 week high of $292.72. The stock has a market capitalization of $79.43 billion, a PE ratio of 451.46, a price-to-earnings-growth ratio of 21.71 and a beta of 1.49. The firm has a 50 day moving average of $245.59 and a two-hundred day moving average of $196.67.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The company’s revenue was up 35.6% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. As a group, research analysts expect that Datadog will post 0.7 EPS for the current fiscal year.

Insider Activity

In related news, CTO Alexis Le-Quoc sold 21,772 shares of Datadog stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $212.90, for a total value of $4,635,258.80. Following the transaction, the chief technology officer directly owned 488,033 shares in the company, valued at $103,902,225.70. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Julie Richardson sold 5,625 shares of Datadog stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $220.00, for a total value of $1,237,500.00. Following the completion of the sale, the director directly owned 3,178 shares in the company, valued at $699,160. This represents a 63.90% 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. Over the last quarter, insiders sold 1,077,367 shares of company stock valued at $260,947,004. 6.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Datadog

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC lifted its holdings in shares of Datadog by 17.4% in the second quarter. Tidal Investments LLC now owns 94,299 shares of the company’s stock valued at $24,552,000 after purchasing an additional 13,977 shares in the last quarter. BlueCrest Capital Management Ltd increased its stake in shares of Datadog by 30.2% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 6,771 shares of the company’s stock worth $1,763,000 after purchasing an additional 1,571 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of Datadog during the 2nd quarter worth approximately $297,000. NorthRock Partners LLC acquired a new position in shares of Datadog during the 2nd quarter worth approximately $220,000. Finally, Integrated Wealth Concepts LLC raised its position in shares of Datadog by 1,691.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 186,216 shares of the company’s stock worth $48,483,000 after purchasing an additional 175,821 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

About Datadog

Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company’s products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.