Datadog (NASDAQ:DDOG) Price Target Raised to $265.00 at Evercore

Datadog (NASDAQ:DDOG) had its target price upped by investment analysts at Evercore from $225.00 to $265.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the stock. Evercore’s price objective would indicate a potential upside of 15.51% from the company’s current price.

A number of other analysts have also recently weighed in on DDOG. Raymond James Financial increased their price objective on Datadog from $170.00 to $220.00 in a research report on Thursday, May 7th. Sanford C. Bernstein increased their price target on Datadog from $167.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. UBS Group lifted their price objective on shares of Datadog from $195.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Benchmark reissued a “buy” rating on shares of Datadog in a research note on Thursday, May 7th. Finally, Capital One Financial cut their price objective on shares of Datadog from $157.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.81.

Datadog Stock Performance

NASDAQ DDOG traded up $2.07 during trading on Wednesday, reaching $229.41. The company’s stock had a trading volume of 834,346 shares, compared to its average volume of 5,940,351. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40. The firm has a market cap of $81.66 billion, a price-to-earnings ratio of 605.61, a P/E/G ratio of 24.81 and a beta of 1.56. Datadog has a twelve month low of $98.01 and a twelve month high of $278.70. The business’s fifty day moving average price is $171.50 and its 200-day moving average price is $145.78.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $960.12 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, analysts anticipate that Datadog will post 0.61 EPS for the current fiscal year.

Insider Transactions at Datadog

In related news, Director Dev Ittycheria sold 120,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $248.78, for a total value of $29,853,600.00. Following the sale, the director directly owned 39,235 shares in the company, valued at $9,760,883.30. The trade was a 75.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew Jacobson sold 52,832 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $189.28, for a total transaction of $10,000,040.96. Following the completion of the sale, the director directly owned 622,726 shares in the company, valued at approximately $117,869,577.28. The trade was a 7.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,070,415 shares of company stock worth $205,781,777. Corporate insiders own 6.48% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DDOG. MUFG Securities EMEA plc raised its position 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 buying an additional 7,154 shares during the last quarter. Norges Bank purchased a new stake in Datadog in the 4th quarter worth approximately $469,461,000. Nomura Asset Management Co. Ltd. raised its holdings in Datadog by 8.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 152,674 shares of the company’s stock valued at $20,762,000 after acquiring an additional 11,348 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Datadog by 30.3% during the third quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock worth $5,966,877,000 after purchasing an additional 9,748,738 shares during the last quarter. Finally, BNP Paribas grew its position 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 purchasing an additional 6,403 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

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.