Datadog (NASDAQ:DDOG) Coverage Initiated by Analysts at Benchmark

Investment analysts at Benchmark began coverage on shares of Datadog (NASDAQ:DDOG) in a note issued to investors on Wednesday,MarketScreener reports. The brokerage set a “buy” rating on the stock.

DDOG has been the subject of several other research reports. Citizens Jmp reaffirmed a “market perform” rating on shares of Datadog in a research note on Wednesday, February 11th. Truist Financial lowered their target price on shares of Datadog from $195.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, January 7th. Cantor Fitzgerald cut their price target on shares of Datadog from $220.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 6th. KeyCorp reduced their price target on shares of Datadog from $170.00 to $155.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating on shares of Datadog in a report on Wednesday, February 11th. Thirty-seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $179.62.

Datadog Stock Performance

NASDAQ:DDOG opened at $121.05 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.38 and a current ratio of 3.38. Datadog has a 52-week low of $81.63 and a 52-week high of $201.69. The firm has a market cap of $42.68 billion, a price-to-earnings ratio of 391.22, a PEG ratio of 31.83 and a beta of 1.31. The business’s fifty day moving average is $122.48 and its 200 day moving average is $140.72.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, February 10th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.55 by $0.04. Datadog had a return on equity of 4.14% and a net margin of 3.14%.The business had revenue of $953.19 million during the quarter, compared to the consensus estimate of $916.53 million. During the same quarter last year, the company earned $0.49 EPS. The firm’s revenue was up 29.2% compared to the same quarter last year. Datadog has set its FY 2026 guidance at 2.080-2.160 EPS and its Q1 2026 guidance at 0.490-0.510 EPS. Research analysts predict that Datadog will post 0.34 EPS for the current year.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 32,418 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $127.75, for a total value of $4,141,399.50. Following the completion of the sale, the chief technology officer owned 437,257 shares in the company, valued at $55,859,581.75. The trade was a 6.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Olivier Pomel sold 42,443 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $126.80, for a total transaction of $5,381,772.40. Following the completion of the sale, the chief executive officer directly owned 704,821 shares of the company’s stock, valued at $89,371,302.80. This trade represents a 5.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 460,112 shares of company stock worth $57,007,923. 6.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Datadog by 30.3% in the third quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after purchasing an additional 9,748,738 shares during the last quarter. State Street Corp grew its holdings in shares of Datadog by 106.8% in the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after purchasing an additional 7,091,075 shares during the last quarter. Norges Bank purchased a new position in shares of Datadog in the fourth quarter worth $469,461,000. Jennison Associates LLC raised its holdings in Datadog by 43.7% during the 4th quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock valued at $1,036,787,000 after buying an additional 2,316,994 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Datadog by 119.2% during the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock valued at $580,383,000 after buying an additional 2,216,402 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

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.