Datadog (NASDAQ:DDOG) Reaches New 12-Month High – Here’s What Happened

Datadog, Inc. (NASDAQ:DDOG)’s share price hit a new 52-week high on Friday. The company traded as high as $292.81 and last traded at $293.2380, with a volume of 2470378 shares changing hands. The stock had previously closed at $273.80.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Morgan Stanley upped their price target on Datadog from $225.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Guggenheim increased their target price on shares of Datadog from $225.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Zacks Research lowered shares of Datadog from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Robert W. Baird set a $300.00 price target on shares of Datadog in a research report on Friday, August 7th. Finally, BTIG Research increased their price objective on shares of Datadog from $255.00 to $289.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and a consensus target price of $278.51.

Datadog Stock Up 7.1%

The stock has a market capitalization of $105.30 billion, a price-to-earnings ratio of 598.50, a price-to-earnings-growth ratio of 26.48 and a beta of 1.51. The firm has a 50-day moving average of $245.27 and a 200 day moving average of $215.54. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period in the previous year, the company posted $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. On average, sell-side analysts anticipate that Datadog, Inc. will post 0.7 earnings per share for the current year.

Insider Activity at Datadog

In other news, General Counsel Kerry Acocella sold 5,280 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $228.85, for a total transaction of $1,208,328.00. Following the completion of the sale, the general counsel owned 115,243 shares of the company’s stock, valued at approximately $26,373,360.55. This trade represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Sean Walters sold 11,710 shares of Datadog stock in a transaction on Friday, September 11th. The stock was sold at an average price of $221.04, for a total transaction of $2,588,378.40. Following the completion of the sale, the executive owned 233,135 shares of the company’s stock, valued at approximately $51,532,160.40. This trade represents a 4.78% 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 938,076 shares of company stock valued at $226,690,473. 6.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. EMC Capital Management bought a new stake in shares of Datadog in the 2nd quarter worth about $28,000. Cornerstone Financial Management LLC raised its stake in shares of Datadog by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after purchasing an additional 45 shares in the last quarter. Elevation Wealth Partners LLC lifted its position in shares of Datadog by 2,700.0% during the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares during the last quarter. Planning Strategies Inc. grew its stake in Datadog by 529.6% in the third quarter. Planning Strategies Inc. now owns 170 shares of the company’s stock worth $47,000 after purchasing an additional 143 shares in the last quarter. Finally, Retirement Wealth Solutions LLC grew its stake in Datadog by 233.3% in the third quarter. Retirement Wealth Solutions LLC now owns 200 shares of the company’s stock worth $55,000 after purchasing an additional 140 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

About Datadog

Datadog, Inc is a software company that provides a cloud-based monitoring, observability and security platform. Its services help organizations collect, analyze and visualize data from applications, infrastructure, networks, databases and other technology environments, enabling them to identify performance issues, manage incidents and improve digital services.

The company’s product offerings include infrastructure monitoring, application performance monitoring, log management, database and network monitoring, real user and synthetic experience monitoring, cloud security, software supply chain security, incident management and workflow automation.