Datadog (NASDAQ:DDOG) Stock Price Target Raised at Royal Bank Of Canada

Datadog (NASDAQ:DDOG) had its price target boosted by Royal Bank Of Canada from $280.00 to $320.00 in a research report sent to investors on Monday morning, Marketbeat Ratings reports. They currently have an outperform rating on the stock.

Several other research analysts have also weighed in on the stock. Capital One Financial increased their target price on shares of Datadog from $217.00 to $268.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. Rosenblatt Securities boosted their price target on shares of Datadog from $220.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Needham & Company LLC boosted their price target on shares of Datadog from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Citizens Jmp lifted their target price on shares of Datadog from $225.00 to $311.00 and gave the company a “market outperform” rating in a report on Monday, July 20th. Finally, Canaccord Genuity Group lifted their target price on shares of Datadog from $250.00 to $295.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Three investment 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $280.29.

Datadog Stock Performance

Shares of Datadog stock opened at $287.29 on Monday. The firm has a market cap of $103.16 billion, a PE ratio of 586.32, a price-to-earnings-growth ratio of 28.62 and a beta of 1.51. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog has a 52 week low of $98.01 and a 52 week high of $300.68. The business’s fifty day simple moving average is $246.05 and its 200-day simple moving average is $217.86.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Equities analysts forecast that Datadog will post 0.70 earnings per share for the current year.

Insider Activity at Datadog

In other news, CRO Sean Walters sold 11,710 shares of the business’s stock in a transaction dated 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 transaction, the executive directly owned 233,135 shares of the company’s stock, valued at approximately $51,532,160.40. The trade was a 4.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Kerry Acocella sold 5,280 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $228.85, for a total value of $1,208,328.00. Following the transaction, the general counsel directly owned 115,243 shares of the company’s stock, valued at approximately $26,373,360.55. This represents a 4.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 991,988 shares of company stock worth $241,440,796 over the last quarter. 6.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DDOG. Armstrong Advisory Group Inc. purchased a new position in Datadog in the third quarter worth approximately $46,000. Marquette Asset Management LLC grew its holdings in Datadog by 430.0% during the 3rd quarter. Marquette Asset Management LLC now owns 371 shares of the company’s stock worth $102,000 after acquiring an additional 301 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of Datadog by 217.3% in the 3rd quarter. Sound Income Strategies LLC now owns 5,125 shares of the company’s stock valued at $1,403,000 after purchasing an additional 3,510 shares during the last quarter. GK Wealth Management LLC purchased a new stake in shares of Datadog in the 3rd quarter valued at approximately $312,000. Finally, Wedmont Private Capital increased its position in shares of Datadog by 376.6% in the 3rd quarter. Wedmont Private Capital now owns 17,130 shares of the company’s stock valued at $4,691,000 after purchasing an additional 13,536 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Company Profile

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.