Datadog (NASDAQ:DDOG – Free Report) had its target price boosted by Wells Fargo & Company from $230.00 to $295.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.
DDOG has been the subject of a number of other reports. Canaccord Genuity Group boosted their target price on shares of Datadog from $225.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $260.00 price target on shares of Datadog in a research note on Friday, June 12th. BTIG Research reiterated a “buy” rating and issued a $255.00 price target on shares of Datadog in a report on Thursday, June 11th. Piper Sandler reissued an “overweight” rating and set a $275.00 price objective (up from $230.00) on shares of Datadog in a research note on Wednesday, June 10th. Finally, Bank of America upped their price objective on Datadog from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.68.
Read Our Latest Analysis on Datadog
Datadog Stock Down 3.5%
Datadog (NASDAQ:DDOG – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $960.12 million. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 EPS. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, research analysts forecast that Datadog will post 0.64 EPS for the current year.
Insider Buying and Selling
In other Datadog news, Director Michael James Callahan sold 112,500 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $231.60, for a total transaction of $26,055,000.00. Following the transaction, the director owned 14,996 shares in the company, valued at $3,473,073.60. The trade was a 88.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 120,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,396,309 shares of company stock valued at $317,712,002 over the last ninety days. Insiders own 6.48% of the company’s stock.
Institutional Trading of Datadog
Large investors have recently bought and sold shares of the company. Regent Peak Wealth Advisors LLC purchased a new stake in shares of Datadog during the second quarter valued at approximately $206,000. Tema ETFs LLC boosted its stake in shares of Datadog by 8.1% in the second quarter. Tema ETFs LLC now owns 5,792 shares of the company’s stock valued at $1,508,000 after purchasing an additional 435 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Datadog by 81.6% in the second quarter. Handelsbanken Fonder AB now owns 170,519 shares of the company’s stock valued at $44,396,000 after purchasing an additional 76,607 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Datadog during the 2nd quarter valued at $260,000. Finally, Sax Wealth Advisors LLC increased its stake in Datadog by 4.2% during the 2nd quarter. Sax Wealth Advisors LLC now owns 5,257 shares of the company’s stock worth $1,369,000 after buying an additional 212 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.
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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