Datadog (NASDAQ:DDOG – Free Report) had its price objective upped by Canaccord Genuity Group from $250.00 to $295.00 in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.
A number of other brokerages have also weighed in on DDOG. Truist Financial upgraded shares of Datadog from a “hold” rating to a “buy” rating and boosted their target price for the company from $190.00 to $300.00 in a research note on Monday, June 15th. Wolfe Research restated an “outperform” rating and issued a $295.00 price target on shares of Datadog in a research note on Thursday, June 11th. KeyCorp lifted their price objective on Datadog from $225.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Arete Research upped their price objective on Datadog from $260.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, Guggenheim upped their price objective on Datadog from $225.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $272.48.
Datadog Stock Performance
Datadog (NASDAQ:DDOG – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The firm’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the previous year, the company 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. As a group, equities research analysts expect that Datadog will post 0.64 earnings per share for the current year.
Insider Buying and Selling at Datadog
In other news, Director Michael James Callahan sold 12,500 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $287.47, for a total value of $3,593,375.00. Following the completion of the sale, the director directly owned 14,996 shares in the company, valued at $4,310,900.12. This represents a 45.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 47,054 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $244.79, for a total value of $11,518,348.66. Following the completion of the transaction, the chief executive officer directly owned 612,747 shares in the company, valued at approximately $149,994,338.13. This represents a 7.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,375,022 shares of company stock worth $327,029,246. 6.48% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in DDOG. Price T Rowe Associates Inc. MD grew its stake in shares of Datadog by 7.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,423,814 shares of the company’s stock valued at $1,961,496,000 after acquiring an additional 956,993 shares during the period. State Street Corp lifted its holdings in Datadog by 106.8% during the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after purchasing an additional 7,091,075 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Datadog by 2.2% during the fourth 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 in the last quarter. Janus Henderson Group PLC boosted 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 worth $905,570,000 after purchasing an additional 1,439,082 shares during the period. Finally, Jennison Associates LLC boosted its position in shares of Datadog by 43.7% in the fourth quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock worth $1,036,787,000 after purchasing an additional 2,316,994 shares during the period. Institutional investors own 78.29% of the company’s stock.
More Datadog News
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Datadog reported second-quarter revenue of $1.12 billion, up 35.6% year over year and above the $1.08 billion consensus estimate. Adjusted earnings of $0.65 per share also exceeded expectations of $0.58, compared with $0.46 a year earlier. Datadog Q2 Earnings and Revenues Surpass Estimates
- Positive Sentiment: Management raised its full-year 2026 outlook, calling for approximately $4.5 billion in revenue and $2.50-$2.54 in EPS, both above Wall Street expectations. Third-quarter EPS guidance of $0.63-$0.65 was also ahead of the $0.52 consensus, although the revenue range was broadly in line with estimates. Datadog Beats Estimates and Raises FY2026 Outlook
- Neutral Sentiment: Director Michael James Callahan sold 12,500 shares worth about $3.6 million under a pre-arranged Rule 10b5-1 trading plan. While the sale reduced his direct holdings by roughly 45%, the planned nature of the transaction limits its significance as a current signal about the business. Datadog Director Stock Sale Filing
- Negative Sentiment: Investors were concerned that bookings growth is decelerating and that a major artificial-intelligence customer may reduce usage, potentially pressuring future consumption-based revenue. Datadog’s outlook was viewed as insufficient for a stock that had recently reached record highs and was priced for very strong growth. Datadog Says Lower Usage From Major AI Customer Could Dent Growth
- Negative Sentiment: The selloff reflects profit-taking and a valuation reset rather than a disappointing quarter: Datadog’s very high earnings multiple left little room for slower bookings, softer revenue expectations, or customer-usage risks. Datadog Stock Falls as High Bar and Cooling Bookings Offset Strong Quarter
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.
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