Datadog (NASDAQ:DDOG) Price Target Lowered to $215.00 at Canadian Imperial Bank of Commerce

Datadog (NASDAQ:DDOG) had its price target lowered by Canadian Imperial Bank of Commerce from $240.00 to $215.00 in a research note issued to investors on Monday morning, Marketbeat reports. The firm currently has an outperformer rating on the stock.

Other research analysts also recently issued research reports about the company. Piper Sandler lowered their target price on Datadog from $225.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. Benchmark assumed coverage on Datadog in a research note on Wednesday, April 1st. They set a “buy” rating for the company. Wedbush reduced their price target on Datadog from $215.00 to $190.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. Daiwa Securities Group began coverage on Datadog in a research note on Tuesday, January 27th. They issued a “buy” rating and a $190.00 price target for the company. Finally, Royal Bank Of Canada dropped their price objective on Datadog from $175.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, February 9th. Thirty-eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.87.

Datadog Trading Up 2.5%

Shares of NASDAQ:DDOG opened at $129.74 on Monday. The firm has a fifty day moving average of $120.29 and a two-hundred day moving average of $138.47. 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 12-month low of $87.69 and a 12-month high of $201.69. The firm has a market capitalization of $45.74 billion, a P/E ratio of 418.52, a price-to-earnings-growth ratio of 34.80 and a beta of 1.29.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.59 earnings per share for the quarter, topping 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 the consensus estimate of $916.53 million. During the same period in the prior year, the business posted $0.49 earnings per share. Datadog’s revenue for the quarter 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, equities analysts expect that Datadog will post 0.32 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In other news, CRO Sean Michael Walters sold 22,330 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was 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. This represents a 8.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 68,922 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $110.54, for a total value of $7,618,637.88. Following the transaction, the chief executive officer directly owned 704,821 shares in the company, valued at approximately $77,910,913.34. This represents a 8.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 523,833 shares of company stock worth $63,581,080 over the last three months. Corporate insiders own 6.67% of the company’s stock.

Institutional Investors Weigh In On Datadog

A number of large investors have recently added to or reduced their stakes in DDOG. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 9,748,738 shares during the last quarter. State Street Corp lifted 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 buying an additional 7,091,075 shares during the last quarter. Norges Bank acquired a new stake in shares of Datadog in the fourth quarter worth $469,461,000. Jennison Associates LLC boosted its holdings in shares of Datadog by 43.7% during the 4th quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock worth $1,036,787,000 after buying an additional 2,316,994 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Datadog by 119.2% during the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock worth $580,383,000 after buying an additional 2,216,402 shares during the period. Institutional investors 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.