Datadog, Inc. (NASDAQ:DDOG – Get Free Report) shares were up 4.4% on Wednesday . The company traded as high as $234.14 and last traded at $232.8240. 664,677 shares were traded during mid-day trading, a decline of 88% from the average session volume of 5,541,143 shares. The stock had previously closed at $222.99.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. Oppenheimer boosted their price objective on shares of Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, July 20th. Zacks Research downgraded shares of Datadog from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. DA Davidson reissued a “buy” rating and set a $315.00 target price on shares of Datadog in a research note on Friday, August 7th. Barclays boosted their price target on shares of Datadog from $260.00 to $290.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Finally, Sanford C. Bernstein downgraded shares of Datadog from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $180.00 to $226.00 in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average price target of $276.32.
Check Out Our Latest Research Report on Datadog
Datadog Stock Performance
Datadog (NASDAQ:DDOG – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. 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, research analysts expect that Datadog, Inc. will post 0.7 EPS for the current year.
Insider Transactions at Datadog
In other Datadog news, CTO Alexis Le-Quoc sold 43,224 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $228.63, for a total transaction of $9,882,303.12. Following the transaction, the chief technology officer directly owned 509,805 shares in the company, valued at $116,556,717.15. This trade represents a 7.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael James Callahan sold 12,500 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $4,310,900.12. This represents a 45.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,470,714 shares of company stock valued at $365,447,780 in the last three months. 6.48% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in DDOG. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Datadog in the 2nd quarter worth approximately $13,916,000. California State Teachers Retirement System grew its holdings in Datadog by 27,002.8% during the second quarter. California State Teachers Retirement System now owns 121,189,509 shares of the company’s stock valued at $31,552,901,000 after purchasing an additional 120,742,361 shares during the last quarter. Readystate Asset Management LP raised its position in shares of Datadog by 26.7% in the second quarter. Readystate Asset Management LP now owns 17,463 shares of the company’s stock valued at $4,547,000 after purchasing an additional 3,676 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Datadog in the second quarter valued at approximately $1,679,000. Finally, HB Wealth Management LLC lifted its stake in shares of Datadog by 95.2% in the second quarter. HB Wealth Management LLC now owns 16,539 shares of the company’s stock worth $4,306,000 after buying an additional 8,068 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.
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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