Datadog (NASDAQ:DDOG) Price Target Raised to $289.00 at BTIG Research

Datadog (NASDAQ:DDOG) had its price objective raised by stock analysts at BTIG Research from $255.00 to $289.00 in a report released on Tuesday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s target price indicates a potential upside of 14.75% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Weiss Ratings upgraded shares of Datadog from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. Robert W. Baird set a $210.00 price target on Datadog in a report on Friday, May 8th. Capital One Financial raised their price objective on Datadog from $217.00 to $268.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. BMO Capital Markets restated an “outperform” rating and set a $260.00 price objective on shares of Datadog in a research note on Friday, June 12th. Finally, Needham & Company LLC upped their target price on Datadog from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $262.45.

Datadog Trading Up 2.0%

NASDAQ DDOG opened at $251.86 on Tuesday. The firm has a market capitalization of $89.65 billion, a price-to-earnings ratio of 662.81, a PEG ratio of 25.10 and a beta of 1.54. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40. Datadog has a one year low of $98.01 and a one year high of $278.70. The company’s 50 day moving average price is $242.26 and its 200 day moving average price is $169.61.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) 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 company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $960.12 million. During the same period in the previous year, the firm earned $0.46 earnings per share. Datadog’s revenue for the quarter was up 32.1% on a year-over-year basis. 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, sell-side analysts predict that Datadog will post 0.64 EPS for the current year.

Insider Activity at Datadog

In related news, Director Michael James Callahan sold 12,500 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $267.47, for a total value of $3,343,375.00. Following the completion of the transaction, the director owned 14,996 shares of the company’s stock, valued at approximately $4,010,980.12. This represents a 45.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 84,698 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $232.30, for a total value of $19,675,345.40. Following the completion of the transaction, the chief executive officer directly owned 612,747 shares of the company’s stock, valued at $142,341,128.10. This represents a 12.14% 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. Over the last ninety days, insiders sold 1,376,309 shares of company stock valued at $315,082,602. 6.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Datadog

Institutional investors and hedge funds have recently made changes to their positions in the business. JPL Wealth Management LLC acquired a new stake in shares of Datadog during the third quarter worth approximately $27,000. CoreCap Advisors LLC raised its holdings in Datadog by 1,461.5% in the fourth quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after acquiring an additional 190 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Datadog in the fourth quarter valued at $31,000. NBC Securities Inc. boosted its stake in Datadog by 242.6% during the 4th quarter. NBC Securities Inc. now owns 233 shares of the company’s stock valued at $32,000 after acquiring an additional 165 shares during the last quarter. Finally, Rothschild Investment LLC grew its holdings in Datadog by 52.5% during the 4th quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock worth $37,000 after acquiring an additional 94 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

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.