Datadog (NASDAQ:DDOG) Reaches New 52-Week High Following Analyst Upgrade

Datadog, Inc. (NASDAQ:DDOG)’s stock price hit a new 52-week high on Tuesday after Cantor Fitzgerald raised their price target on the stock from $171.00 to $226.00. Cantor Fitzgerald currently has an overweight rating on the stock. Datadog traded as high as $224.95 and last traded at $223.73, with a volume of 1268824 shares trading hands. The stock had previously closed at $222.32.

A number of other research firms also recently commented on DDOG. TD Cowen boosted their price objective on shares of Datadog from $190.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Daiwa Securities Group boosted their price objective on shares of Datadog from $190.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Barclays boosted their price objective on shares of Datadog from $148.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. DA Davidson set a $250.00 price objective on shares of Datadog in a report on Friday. Finally, Sanford C. Bernstein boosted their price objective on shares of Datadog from $167.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $216.81.

Insiders Place Their Bets

In other Datadog news, Director Matthew Jacobson sold 52,832 shares of Datadog stock in a transaction dated 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 completion of the transaction, the director owned 622,726 shares in the company, valued at approximately $117,869,577.28. The trade was a 7.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $125.49, for a total transaction of $6,765,416.88. Following the transaction, the chief technology officer owned 437,257 shares of the company’s stock, valued at approximately $54,871,380.93. The trade was a 10.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 885,963 shares of company stock worth $130,015,444. Insiders own 6.48% of the company’s stock.

Hedge Funds Weigh In On Datadog

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DDOG. Groupe la Francaise raised its position in shares of 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 buying an additional 15,907 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Datadog in the first quarter valued at approximately $65,000. Janus Henderson Group PLC raised its position in shares of Datadog by 22.8% in the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock valued at $905,570,000 after buying an additional 1,439,082 shares during the last quarter. Centaurus Financial Inc. raised its position in shares of Datadog by 26.6% in the first quarter. Centaurus Financial Inc. now owns 1,423 shares of the company’s stock valued at $168,000 after buying an additional 299 shares during the last quarter. Finally, Oddo BHF Asset Management Sas raised its position in shares of Datadog by 1,178.1% in the first quarter. Oddo BHF Asset Management Sas now owns 86,339 shares of the company’s stock valued at $10,192,000 after buying an additional 79,584 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Trading Up 0.6%

The business’s 50-day moving average price is $146.07 and its two-hundred day moving average price is $141.40. 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 firm has a market cap of $79.64 billion, a price-to-earnings ratio of 588.78, a price-to-earnings-growth ratio of 41.66 and a beta of 1.30.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $960.12 million. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The company’s revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous 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. Equities analysts expect that Datadog, Inc. will post 0.61 earnings per share for the current year.

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.