Datadog (NASDAQ:DDOG) Price Target Raised to $340.00 at Arete Research

Datadog (NASDAQ:DDOG) had its target price upped by investment analysts at Arete Research from $260.00 to $340.00 in a report released on Tuesday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. Arete Research’s target price would indicate a potential upside of 53.79% from the stock’s previous close.

DDOG has been the topic of several other research reports. Truist Financial raised shares of Datadog from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $190.00 to $300.00 in a research note on Monday, June 15th. Morgan Stanley raised shares of Datadog from an “overweight” rating to an “overweight” rating in a research note on Monday, June 15th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Datadog in a research report on Friday, June 12th. Piper Sandler restated an “overweight” rating and set a $275.00 target price (up from $230.00) on shares of Datadog in a report on Wednesday, June 10th. Finally, Benchmark increased their price objective on Datadog from $230.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and an average price target of $241.30.

Datadog Trading Down 0.1%

DDOG traded down $0.29 during trading on Tuesday, hitting $221.08. 719,718 shares of the company’s stock were exchanged, compared to its average volume of 5,881,951. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25. The firm has a market cap of $78.70 billion, a P/E ratio of 583.66, a price-to-earnings-growth ratio of 23.88 and a beta of 1.56. The stock has a 50 day moving average price of $191.47 and a 200 day moving average price of $150.17. Datadog has a 1 year low of $98.01 and a 1 year high of $278.70.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $960.12 million. During the same period in the prior year, the company posted $0.46 earnings per share. The firm’s quarterly revenue 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. As a group, analysts expect that Datadog will post 0.61 EPS for the current fiscal year.

Insider Activity

In other news, Director Amit Agarwal sold 20,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $231.56, for a total transaction of $4,631,200.00. Following the sale, the director directly owned 1,640 shares of the company’s stock, valued at $379,758.40. This represents a 92.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Datadog stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $232.30, for a total transaction of $19,675,345.40. Following the sale, the chief executive officer owned 612,747 shares of the company’s stock, valued at approximately $142,341,128.10. This represents a 12.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,392,140 shares of company stock worth $292,372,323. 6.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Datadog

Several institutional investors have recently added to or reduced their stakes in DDOG. JPL Wealth Management LLC acquired a new position in shares of Datadog during the third quarter worth about $27,000. CoreCap Advisors LLC grew its stake 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 purchasing an additional 190 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Datadog in the fourth quarter valued at $31,000. NBC Securities Inc. grew its position in shares of Datadog by 242.6% in 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 period. Finally, Rothschild Investment LLC increased its stake in shares of Datadog by 52.5% during the 4th quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock worth $37,000 after purchasing an additional 94 shares during the last quarter. 78.29% of the stock is owned by 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.