Datadog (NASDAQ:DDOG – Get Free Report)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a note issued to investors on Wednesday, Benzinga reports. They currently have a $300.00 price target on the stock. Needham & Company LLC‘s price objective suggests a potential upside of 59.55% from the stock’s previous close.
DDOG has been the topic of several other research reports. Scotiabank raised their target price on shares of Datadog from $275.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Evercore reiterated an “outperform” rating and set a $300.00 target price on shares of Datadog in a research note on Monday. DA Davidson restated a “buy” rating and issued a $315.00 price target on shares of Datadog in a research note on Friday, August 7th. Canaccord Genuity Group lifted their price objective on Datadog from $250.00 to $295.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Rosenblatt Securities lifted their price objective on Datadog from $220.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $287.35.
Get Our Latest Stock Analysis on Datadog
Datadog Stock Down 14.7%
Shares of NASDAQ DDOG traded down $32.49 during trading on Wednesday, reaching $188.03. The company had a trading volume of 7,893,415 shares, compared to its average volume of 5,078,675. The business’s 50-day moving average is $250.77 and its 200 day moving average is $199.09. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. The stock has a market cap of $67.52 billion, a PE ratio of 384.96, a P/E/G ratio of 21.09 and a beta of 1.50. Datadog has a 12-month low of $98.01 and a 12-month high of $300.68.
Datadog (NASDAQ:DDOG – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.17. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business posted $0.55 EPS. Datadog’s revenue was up 35.2% compared to the same quarter last year. As a group, equities analysts forecast that Datadog will post 0.70 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CFO David Obstler sold 40,000 shares of Datadog stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $227.47, for a total transaction of $9,098,800.00. Following the sale, the chief financial officer owned 378,067 shares in the company, valued at $85,998,900.49. This trade represents a 9.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 39,912 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $250.55, for a total transaction of $9,999,951.60. Following the completion of the transaction, the director directly owned 544,220 shares in the company, valued at $136,354,321. This trade represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 765,293 shares of company stock valued at $180,233,548 over the last three months. Insiders own 6.48% of the company’s stock.
Institutional Trading of Datadog
Institutional investors and hedge funds have recently bought and sold shares of the stock. EMC Capital Management bought a new position in shares of Datadog during the 2nd quarter valued at about $28,000. Cornerstone Financial Management LLC lifted its position in shares of Datadog by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock worth $33,000 after buying an additional 45 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Datadog by 341.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock worth $38,000 after buying an additional 246 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in Datadog by 2,700.0% during the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock valued at $44,000 after buying an additional 162 shares during the last quarter. Finally, Armstrong Advisory Group Inc. bought a new position in Datadog during the third quarter valued at approximately $46,000. 78.29% of the stock is currently owned by institutional investors.
Key Datadog News
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Q3 revenue rose 35.2% year over year to $1.20 billion, beating the $1.15 billion consensus, while adjusted EPS of $0.81 topped estimates of $0.64. Datadog also reported stronger operational results and raised its guidance. Datadog Announces Third Quarter 2026 Financial Results
- Positive Sentiment: Customer expansion was notable: Datadog had about 4,860 customers generating at least $100,000 in annual recurring revenue, up from roughly 4,060 a year earlier. The company also launched Scout 1.0, its first specialized model, for its Bits Investigation product. Datadog Announces Third Quarter 2026 Financial Results
- Negative Sentiment: The main concern is the fourth-quarter outlook: revenue is expected to be around $1.20 billion, roughly flat with Q3. Investors may see this as a slowdown after 35% annual growth, making the outlook disappointing relative to elevated expectations despite the quarterly beat. Datadog Guides Q4 Sales Flat After 35% Growth
Datadog Company Profile
Datadog, Inc is a technology company that provides a cloud-based monitoring and security platform for applications, infrastructure and other technology environments. Its platform helps organizations collect, analyze and visualize data from servers, databases, containers, cloud services, applications and user interactions in a unified environment.
Datadog’s products include infrastructure monitoring, application performance monitoring, log management, real user monitoring, synthetic monitoring, network performance monitoring, cloud security, software delivery tools and incident-management capabilities.
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