Benchmark Begins Coverage on Datadog (NASDAQ:DDOG)

Research analysts at Benchmark started coverage on shares of Datadog (NASDAQ:DDOG) in a report released on Wednesday,MarketScreener reports. The brokerage set a “buy” rating on the stock.

A number of other equities research analysts have also weighed in on DDOG. TD Cowen reiterated a “buy” rating on shares of Datadog in a research report on Wednesday, January 21st. BTIG Research dropped their price target on Datadog from $221.00 to $170.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Citigroup reduced their price objective on shares of Datadog from $200.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. BMO Capital Markets set a $165.00 price objective on shares of Datadog in a research report on Wednesday, February 11th. Finally, UBS Group set a $195.00 price objective on shares of Datadog in a report on Monday, February 9th. Thirty-seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $179.62.

Datadog Stock Performance

Datadog stock opened at $121.05 on Wednesday. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 0.26. The firm has a market cap of $42.68 billion, a P/E ratio of 391.22, a P/E/G ratio of 31.83 and a beta of 1.31. Datadog has a 1-year low of $81.63 and a 1-year high of $201.69. The firm has a 50-day moving average of $122.48 and a 200-day moving average of $140.72.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The company had revenue of $953.19 million for the quarter, compared to the consensus estimate of $916.53 million. Datadog had a return on equity of 4.14% and a net margin of 3.14%.Datadog’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 EPS. Datadog has set its FY 2026 guidance at 2.080-2.160 EPS and its Q1 2026 guidance at 0.490-0.510 EPS. Sell-side analysts expect that Datadog will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 32,418 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $127.75, for a total transaction of $4,141,399.50. Following the sale, the chief technology officer owned 437,257 shares of the company’s stock, valued at $55,859,581.75. The trade was a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Olivier Pomel sold 42,443 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $126.80, for a total transaction of $5,381,772.40. Following the completion of the sale, the chief executive officer owned 704,821 shares in the company, valued at approximately $89,371,302.80. This trade represents a 5.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 460,112 shares of company stock valued at $57,007,923 over the last 90 days. 6.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Datadog

Several large investors have recently made changes to their positions in the business. PKO Investment Management Joint Stock Co bought a new stake in Datadog during the 3rd quarter valued at about $1,709,000. Hartford Investment Management Co. bought a new position in shares of Datadog in the third quarter worth approximately $2,689,000. Munro Partners purchased a new stake in shares of Datadog during the third quarter valued at approximately $7,120,000. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in shares of Datadog by 134.5% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 31,142 shares of the company’s stock valued at $4,435,000 after buying an additional 17,860 shares during the last quarter. Finally, Vanguard Group Inc. increased its position 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 valued at $5,966,877,000 after acquiring an additional 9,748,738 shares in the last quarter. 78.29% of the stock is currently 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.