Datadog, Inc. (NASDAQ:DDOG) Receives $276.66 Consensus Target Price from Brokerages

Shares of Datadog, Inc. (NASDAQ:DDOG) have been given an average recommendation of “Moderate Buy” by the forty-five research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $276.6591.

A number of research analysts have recently weighed in on DDOG shares. Truist Financial upgraded Datadog from a “hold” rating to a “buy” rating and raised their price objective for the company from $190.00 to $300.00 in a research report on Monday, June 15th. BTIG Research increased their price target on Datadog from $255.00 to $289.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Zacks Research cut Datadog from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Scotiabank lifted their price objective on Datadog from $275.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, Sanford C. Bernstein cut Datadog from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $180.00 to $226.00 in a report on Monday, July 6th.

Insider Buying and Selling

In other Datadog news, COO Adam Blitzer sold 12,032 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $214.38, for a total transaction of $2,579,420.16. Following the completion of the transaction, the chief operating officer owned 237,927 shares in the company, valued at $51,006,790.26. This trade represents a 4.81% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 89,497 shares of Datadog stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $207.86, for a total transaction of $18,602,846.42. Following the completion of the transaction, the chief executive officer directly owned 586,416 shares of the company’s stock, valued at $121,892,429.76. The trade was a 13.24% decrease in their ownership of the stock. 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. Insiders have sold a total of 987,298 shares of company stock valued at $240,015,328 in the last three months. Corporate insiders own 6.48% of the company’s stock.

Institutional Investors Weigh In On Datadog

Several institutional investors have recently modified their holdings of DDOG. California State Teachers Retirement System grew its stake in shares of Datadog by 27,002.8% in the second quarter. California State Teachers Retirement System now owns 121,189,509 shares of the company’s stock worth $31,552,901,000 after acquiring an additional 120,742,361 shares during the last quarter. Geode Capital Management LLC raised its stake in Datadog by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 9,056,086 shares of the company’s stock valued at $1,227,184,000 after purchasing an additional 197,816 shares during the last quarter. 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 during the period. First Trust Advisors LP grew its position in Datadog by 81.5% in the 1st quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after purchasing an additional 1,654,429 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Datadog during the 4th quarter worth about $469,461,000. 78.29% of the stock is owned by institutional investors.

Datadog Trading Up 4.0%

DDOG stock opened at $230.05 on Friday. The company has a market capitalization of $82.61 billion, a price-to-earnings ratio of 469.50, a PEG ratio of 21.48 and a beta of 1.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. Datadog has a 1-year low of $98.01 and a 1-year high of $292.72. The business has a 50 day simple moving average of $245.08 and a two-hundred day simple moving average of $198.22.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Datadog’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Research analysts anticipate that Datadog will post 0.71 EPS for the current fiscal year.

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.