Datadog (NASDAQ:DDOG) Stock Rating Upgraded by Wedbush

by · The Markets Daily

Datadog (NASDAQ:DDOG – Get Free Report) was upgraded by Wedbush to a “strong-buy” rating in a research note issued to investors on Thursday, Zacks reports.

Other analysts have also issued reports about the stock. DA Davidson reaffirmed a “buy” rating and issued a $315.00 price target on shares of Datadog in a research note on Friday, August 7th. Capital One Financial boosted their target price on Datadog from $217.00 to $268.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Robert W. Baird set a $300.00 target price on Datadog in a research report on Friday, August 7th. Oppenheimer increased their price target on Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. Finally, Craig Hallum assumed coverage on Datadog in a research report on Monday, June 15th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $276.66.

View Our Latest Report on DDOG

Datadog Trading Down 0.2%

Datadog stock opened at $221.21 on Thursday. Datadog has a 52-week low of $98.01 and a 52-week high of $292.72. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $79.43 billion, a price-to-earnings ratio of 451.46, a PEG ratio of 21.71 and a beta of 1.49. The firm has a 50-day moving average price of $245.59 and a two-hundred day moving average price of $196.67.

Datadog (NASDAQ:DDOG – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The company’s revenue was up 35.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 earnings per share. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Sell-side analysts expect that Datadog will post 0.7 earnings per share for the current year.

Insider Buying and Selling at Datadog

In related news, 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 value of $1,237,500.00. Following the transaction, the director directly owned 3,178 shares in the company, valued at $699,160. The trade was a 63.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Adam Blitzer sold 12,032 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $214.38, for a total value of $2,579,420.16. Following the sale, the chief operating officer directly owned 237,927 shares in the company, valued at $51,006,790.26. This trade represents a 4.81% 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. Over the last quarter, insiders sold 1,077,367 shares of company stock worth $260,947,004. 6.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DDOG. Brighton Jones LLC acquired a new position in Datadog in the 4th quarter worth approximately $209,000. Bison Wealth LLC acquired a new stake in shares of Datadog in the fourth quarter worth $228,000. Empowered Funds LLC boosted its position in shares of Datadog by 7.0% in the first quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock worth $1,023,000 after buying an additional 672 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Datadog by 17.6% during the first quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after buying an additional 115 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in Datadog during the second quarter valued at approximately $509,000. 78.29% of the stock is owned by hedge funds and other 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.

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