Bank of America Issues Positive Forecast for Datadog (NASDAQ:DDOG) Stock Price

Datadog (NASDAQ:DDOG) had its price target boosted by Bank of America from $225.00 to $260.00 in a research report sent to investors on Thursday morning,MarketScreener reports.

Several other equities research analysts also recently weighed in on the stock. Guggenheim upped their target price on shares of Datadog from $175.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Rothschild & Co Redburn began coverage on shares of Datadog in a research note on Thursday, April 23rd. They set a “buy” rating and a $170.00 target price on the stock. Citizens Jmp upgraded Datadog from a “market perform” rating to an “outperform” rating and set a $225.00 price target on the stock in a report on Thursday, May 7th. Needham & Company LLC upped their price target on Datadog from $155.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Datadog in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.95.

Datadog Price Performance

NASDAQ:DDOG opened at $225.24 on Thursday. Datadog has a 52 week low of $98.01 and a 52 week high of $235.00. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $80.18 billion, a P/E ratio of 592.75, a P/E/G ratio of 41.56 and a beta of 1.30. The stock’s fifty day moving average is $151.89 and its two-hundred day moving average is $142.34.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.09. The firm 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 company’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Equities analysts expect that Datadog will post 0.61 EPS for the current year.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $125.49, for a total transaction of $6,765,416.88. Following the transaction, the chief technology officer owned 437,257 shares in the company, valued at $54,871,380.93. This trade represents a 10.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Matthew Jacobson sold 52,832 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $189.28, for a total value of $10,000,040.96. Following the transaction, the director owned 622,726 shares in the company, valued at $117,869,577.28. This represents a 7.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 970,661 shares of company stock worth $148,952,223 in the last quarter. 6.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Datadog

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hartford Investment Management Co. purchased a new stake in shares of Datadog during the 3rd quarter valued at approximately $2,689,000. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of Datadog by 134.5% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 31,142 shares of the company’s stock valued at $4,435,000 after buying an additional 17,860 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Datadog by 30.3% during the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after buying an additional 9,748,738 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Datadog by 71.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 170,310 shares of the company’s stock valued at $24,288,000 after buying an additional 70,888 shares in the last quarter. Finally, Patton Fund Management Inc. lifted its stake in shares of Datadog by 1,964.8% during the 4th quarter. Patton Fund Management Inc. now owns 38,550 shares of the company’s stock valued at $5,242,000 after buying an additional 36,683 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Datadog

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Bank of America raised its price target on Datadog to $260 from $225, signaling more upside potential even after the stock’s strong run. MarketScreener article
• Positive Sentiment: Datadog and Carahsoft announced that Datadog for Government achieved FedRAMP High certification, which could expand adoption in the federal market and strengthen its security/observability offering. GlobeNewswire article
• Positive Sentiment: Multiple articles highlighted Datadog as a beneficiary of AI and cloud growth, while Wedbush reportedly added the stock to its AI 30 list, reinforcing the bullish long-term growth narrative. Barchart article
• Neutral Sentiment: Zacks described Datadog as a top-ranked growth stock, which supports the bullish case but does not add a specific new catalyst. Zacks article
• Neutral Sentiment: Goldman Sachs reportedly kept a Sell rating while raising its target, and a large insider sale by CEO Olivier Pomel may temper enthusiasm, though the trade was made under a pre-arranged 10b5-1 plan. Insider trade filing

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.