Datadog (NASDAQ:DDOG) Stock Price Expected to Rise, KeyCorp Analyst Says

Datadog (NASDAQ:DDOG) had its price objective boosted by research analysts at KeyCorp from $225.00 to $320.00 in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target would indicate a potential upside of 23.70% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets reiterated an “outperform” rating and set a $260.00 target price on shares of Datadog in a report on Friday, June 12th. UBS Group boosted their price target on shares of Datadog from $195.00 to $220.00 and gave the company a “buy” rating in a report on Friday, May 8th. Monness Crespi & Hardt upped their price target on shares of Datadog from $255.00 to $270.00 in a research report on Thursday, May 7th. Zacks Research upgraded shares of Datadog from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, CICC Research increased their price objective on shares of Datadog from $150.00 to $204.00 in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Datadog currently has an average rating of “Moderate Buy” and an average target price of $251.55.

Datadog Trading Down 1.4%

Shares of NASDAQ DDOG opened at $258.69 on Thursday. Datadog has a twelve month low of $98.01 and a twelve month high of $278.70. The firm has a market cap of $92.08 billion, a PE ratio of 680.78, a price-to-earnings-growth ratio of 26.67 and a beta of 1.54. The business has a fifty day simple moving average of $236.67 and a two-hundred day simple moving average of $164.54. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.25.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $960.12 million. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The business’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Analysts expect that Datadog will post 0.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO David M. Obstler sold 75,000 shares of Datadog stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $231.69, for a total value of $17,376,750.00. Following the transaction, the chief financial officer owned 434,591 shares of the company’s stock, valued at $100,690,388.79. The trade was a 14.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 120,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $248.78, for a total transaction of $29,853,600.00. Following the transaction, the director owned 39,235 shares of the company’s stock, valued at approximately $9,760,883.30. This trade represents a 75.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,459,533 shares of company stock valued at $325,887,030 in the last three months. 6.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Datadog

Several institutional investors have recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Datadog by 106.8% during the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after acquiring an additional 7,091,075 shares in the last quarter. Norges Bank purchased a new position in shares of Datadog in the 4th quarter valued at approximately $469,461,000. Jennison Associates LLC boosted its stake in Datadog by 43.7% in the 4th quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock worth $1,036,787,000 after purchasing an additional 2,316,994 shares in the last quarter. Invesco Ltd. boosted its stake in Datadog by 119.2% in the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock worth $580,383,000 after purchasing an additional 2,216,402 shares in the last quarter. Finally, Employees Provident Fund Board purchased a new stake in Datadog during the 4th quarter worth approximately $251,582,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.