Datadog (NASDAQ:DDOG) Price Target Raised to $320.00

Datadog (NASDAQ:DDOG) had its price objective lifted by Royal Bank Of Canada from $280.00 to $320.00 in a research report sent to investors on Monday, Marketbeat reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on DDOG. Mizuho increased their target price on Datadog from $220.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Robert W. Baird set a $300.00 target price on Datadog in a research report on Friday, August 7th. Capital One Financial boosted their price target on Datadog from $217.00 to $268.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. FBN Securities initiated coverage on Datadog in a research note on Friday, October 2nd. They issued an “outperform” rating and a $325.00 price target on the stock. Finally, Oppenheimer upped their price target on Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, July 20th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.51.

Datadog Stock Performance

NASDAQ DDOG opened at $269.33 on Monday. The stock has a market cap of $96.71 billion, a P/E ratio of 464.49, a PEG ratio of 27.65 and a beta of 1.51. The company’s 50-day simple moving average is $245.68 and its 200 day simple moving average is $220.01. Datadog has a twelve month low of $98.01 and a twelve month high of $300.68. 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 (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. The firm had revenue of $1.12 billion during 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 quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 earnings per share. 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 forecast that Datadog will post 0.70 earnings per share for the current fiscal year.

Insider Activity

In other Datadog news, CFO David Obstler sold 10,000 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $241.25, for a total transaction of $2,412,500.00. Following the sale, the chief financial officer directly owned 368,067 shares of the company’s stock, valued at approximately $88,796,163.75. This represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yanbing Li sold 12,700 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $221.26, for a total transaction of $2,810,002.00. Following the sale, the insider directly owned 250,446 shares of the company’s stock, valued at approximately $55,413,681.96. The trade was a 4.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 991,988 shares of company stock valued at $241,440,796. Corporate insiders own 6.48% of the company’s stock.

Institutional Investors Weigh In On Datadog

A number of hedge funds and other institutional investors have recently bought and sold shares of DDOG. EMC Capital Management acquired a new stake in shares of Datadog during the second quarter worth $28,000. Cornerstone Financial Management LLC increased its holdings in Datadog by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after purchasing an additional 45 shares during the last quarter. Elevation Wealth Partners LLC increased its holdings in Datadog by 2,700.0% in the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock valued at $44,000 after purchasing an additional 162 shares during the last quarter. Armstrong Advisory Group Inc. bought a new stake in Datadog in the third quarter valued at about $46,000. Finally, Planning Strategies Inc. lifted its stake in Datadog by 529.6% in the third quarter. Planning Strategies Inc. now owns 170 shares of the company’s stock valued at $47,000 after buying an additional 143 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Company Profile

Datadog, Inc is a software company that provides a cloud-based monitoring, observability and security platform. Its services help organizations collect, analyze and visualize data from applications, infrastructure, networks, databases and other technology environments, enabling them to identify performance issues, manage incidents and improve digital services.

The company’s product offerings include infrastructure monitoring, application performance monitoring, log management, database and network monitoring, real user and synthetic experience monitoring, cloud security, software supply chain security, incident management and workflow automation.