Datadog (NASDAQ:DDOG) Earns Outperform Rating from Analysts at Wedbush

by · The Markets Daily

Wedbush began coverage on shares of Datadog (NASDAQ:DDOG – Free Report) in a research report sent to investors on Friday, Marketbeat reports. The firm issued an outperform rating and a $275.00 price target on the stock.

A number of other equities research analysts also recently weighed in on DDOG. Wolfe Research reissued an “outperform” rating and set a $295.00 price target on shares of Datadog in a research note on Thursday, June 11th. Canaccord Genuity Group raised their price objective on shares of Datadog from $250.00 to $295.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. TD Cowen lifted their target price on shares of Datadog from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. BMO Capital Markets set a $300.00 target price on shares of Datadog in a research report on Friday, August 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $280.00 price target on shares of Datadog in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $276.66.

Get Our Latest Stock Report on Datadog

Datadog Stock Performance

Shares of DDOG opened at $221.21 on Friday. 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 12-month low of $98.01 and a 12-month high of $292.72. The firm has a market capitalization of $79.43 billion, a PE ratio of 451.46, a price-to-earnings-growth ratio of 21.48 and a beta of 1.49. The stock’s fifty day simple moving average is $245.59 and its 200-day simple moving average is $197.34.

Datadog (NASDAQ:DDOG – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $0.46 earnings per share. The company’s revenue was up 35.6% on a year-over-year basis. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. As a group, research analysts predict that Datadog will post 0.71 earnings per share for the current year.

Insider Transactions at Datadog

In other Datadog news, CEO Olivier Pomel sold 89,497 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $207.86, for a total value of $18,602,846.42. Following the sale, the chief executive officer directly owned 586,416 shares in the company, valued at approximately $121,892,429.76. This trade represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julie Richardson sold 5,625 shares of Datadog stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $220.00, for a total transaction of $1,237,500.00. Following the transaction, the director directly owned 3,178 shares in the company, valued at approximately $699,160. This represents a 63.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,071,996 shares of company stock valued at $259,690,674. Corporate insiders own 6.48% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPL Wealth Management LLC acquired a new stake in shares of Datadog during the third quarter worth about $27,000. EMC Capital Management bought a new position in shares of Datadog during the 2nd quarter valued at about $28,000. Cornerstone Financial Management LLC grew its position 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 during the period. Rothschild Investment LLC grew its position in shares of Datadog by 52.5% in the 4th quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock valued at $37,000 after purchasing an additional 94 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC increased its stake in Datadog by 341.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock worth $38,000 after purchasing an additional 246 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

About Datadog

(Get Free Report)

Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company’s products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.

Featured Stories