Datadog (NASDAQ:DDOG – Get Free Report)‘s stock had its “outperform” rating reiterated by investment analysts at Wedbush in a report issued on Friday, Benzinga reports. They currently have a $275.00 price target on the stock. Wedbush’s target price suggests a potential upside of 24.03% from the stock’s previous close.
Other research analysts have also issued reports about the company. Citizens Jmp lifted their price objective on Datadog from $225.00 to $311.00 and gave the stock a “market outperform” rating in a research report on Monday, July 20th. Raymond James Financial reissued an “outperform” rating and issued a $280.00 price target on shares of Datadog in a research report on Thursday, August 6th. Robert W. Baird set a $300.00 price objective on Datadog in a report on Friday, August 7th. Weiss Ratings upgraded shares of Datadog from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, Morgan Stanley lifted their target price on shares of Datadog from $225.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $276.66.
View Our Latest Research Report on DDOG
Datadog Stock Down 1.6%
Datadog (NASDAQ:DDOG – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. Datadog’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the firm 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. Equities analysts forecast that Datadog will post 0.7 earnings per share for the current year.
Insider Buying and Selling
In related news, CFO David Obstler sold 16,524 shares of Datadog stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $212.90, for a total transaction of $3,517,959.60. Following the completion of the sale, the chief financial officer owned 418,067 shares of the company’s stock, valued at approximately $89,006,464.30. This trade represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Julie Richardson sold 5,625 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $220.00, for a total value of $1,237,500.00. Following the transaction, the director owned 3,178 shares of the company’s stock, valued at approximately $699,160. The trade was a 63.90% 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. Insiders have sold a total of 1,077,367 shares of company stock valued at $260,947,004 in the last ninety days. 6.48% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. increased its position in Datadog by 8.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 152,674 shares of the company’s stock worth $20,762,000 after purchasing an additional 11,348 shares during the period. Norges Bank acquired a new stake in shares of Datadog in the 4th quarter valued at about $469,461,000. MUFG Securities EMEA plc raised its holdings in shares of Datadog by 115.6% in the fourth quarter. MUFG Securities EMEA plc now owns 13,342 shares of the company’s stock valued at $1,814,000 after purchasing an additional 7,154 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Datadog by 27,002.8% in 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 acquiring an additional 120,742,361 shares during the last quarter. Finally, BNP Paribas grew its stake in shares of Datadog by 18.4% in the fourth quarter. BNP Paribas now owns 41,280 shares of the company’s stock valued at $5,614,000 after buying an additional 6,403 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.
Datadog Company Profile
Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.
The company’s products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.
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