Datadog (NASDAQ:DDOG) Coverage Initiated by Analysts at Benchmark

Benchmark initiated coverage on shares of Datadog (NASDAQ:DDOG) in a research note published on Wednesday morning,MarketScreener reports. The brokerage issued a buy rating on the stock.

A number of other equities analysts have also recently issued reports on DDOG. Stifel Nicolaus set a $160.00 price target on Datadog and gave the stock a “buy” rating in a report on Thursday, January 22nd. Mizuho reduced their price target on shares of Datadog from $200.00 to $170.00 and set an “outperform” rating for the company in a report on Wednesday, January 21st. Truist Financial decreased their price target on shares of Datadog from $195.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, January 7th. Moffett Nathanson reiterated a “buy” rating on shares of Datadog in a report on Monday, December 29th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $185.00 price objective on shares of Datadog in a research report on Wednesday, February 11th. Thirty-seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.62.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $118.67 on Wednesday. The company has a market capitalization of $41.84 billion, a PE ratio of 382.81, a P/E/G ratio of 32.45 and a beta of 1.31. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 0.26. Datadog has a twelve month low of $81.63 and a twelve month high of $201.69. The firm has a fifty day simple moving average of $122.39 and a 200 day simple moving average of $140.56.

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

Insider Buying and Selling at Datadog

In other Datadog news, CRO Sean Michael Walters sold 22,330 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $125.68, for a total transaction of $2,806,434.40. Following the completion of the sale, the executive owned 238,384 shares in the company, valued at approximately $29,960,101.12. The trade was a 8.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 42,443 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer owned 704,821 shares in the company, valued at approximately $89,371,302.80. The trade was a 5.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 460,112 shares of company stock worth $57,007,923. Company insiders own 6.67% of the company’s stock.

Institutional Investors Weigh In On Datadog

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Datadog by 30.3% in the 3rd 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. State Street Corp raised its stake in shares of Datadog by 106.8% in the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after purchasing an additional 7,091,075 shares during the last quarter. Norges Bank purchased a new stake in shares of Datadog in the fourth quarter worth approximately $469,461,000. Jennison Associates LLC lifted its holdings in shares of Datadog by 43.7% in the fourth quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock valued at $1,036,787,000 after purchasing an additional 2,316,994 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Datadog by 119.2% in the third quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock valued at $580,383,000 after purchasing an additional 2,216,402 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

About Datadog

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.