Datadog (NASDAQ:DDOG – Get Free Report) was upgraded by Truist Financial from a “hold” rating to a “buy” rating in a note issued to investors on Monday, Marketbeat.com reports. The firm presently has a $300.00 target price on the stock, up from their previous target price of $190.00. Truist Financial’s target price points to a potential upside of 30.49% from the company’s previous close.
A number of other research analysts have also issued reports on DDOG. UBS Group lifted their target price on Datadog from $195.00 to $220.00 and gave the company a “buy” rating in a report on Friday, May 8th. Stifel Nicolaus set a $305.00 target price on Datadog in a report on Thursday, May 7th. Evercore lifted their price objective on shares of Datadog from $225.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Datadog in a research report on Friday. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $295.00 price objective on shares of Datadog in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $234.14.
View Our Latest Stock Report on DDOG
Datadog Stock Performance
Datadog (NASDAQ:DDOG – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $960.12 million. Datadog had a return on equity of 4.83% and a net margin of 3.69%.Datadog’s revenue was up 32.1% compared to the same quarter last year. During the same period last 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. Sell-side analysts anticipate that Datadog will post 0.61 earnings per share for the current fiscal year.
Insider Buying and Selling at Datadog
In related news, Director Dev Ittycheria sold 120,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $248.78, for a total value of $29,853,600.00. Following the completion of the sale, the director directly owned 39,235 shares of the company’s stock, valued at $9,760,883.30. The trade was a 75.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Titilope Cole sold 5,131 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $247.87, for a total transaction of $1,271,820.97. Following the completion of the sale, the director directly owned 1,216 shares of the company’s stock, valued at approximately $301,409.92. This trade represents a 80.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,210,113 shares of company stock worth $244,699,453. 6.48% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Datadog
Institutional investors and hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC raised its holdings in shares of Datadog by 126.6% in the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Datadog in the third quarter valued at about $27,000. CoreCap Advisors LLC raised its holdings in shares of Datadog by 1,461.5% in the fourth quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after buying an additional 190 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Datadog in the fourth quarter valued at about $31,000. Finally, NBC Securities Inc. raised its holdings in Datadog by 242.6% during the fourth quarter. NBC Securities Inc. now owns 233 shares of the company’s stock worth $32,000 after purchasing an additional 165 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.
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.
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