Datadog, Inc.

How has the stock done?

Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.

Is the business growing?

Quarters: Datadog, Inc.'s SEC filings, named by the month they end. Fiscal years: Datadog, Inc.'s annual reports to the SEC.

How it makes money

Of every $100 in revenue, $3.1 ends up as net income. Net margin rose from −3.0% to 3.1% over the past 3 years.

Each margin is that line of the income statement divided by revenue. Fiscal year: Datadog, Inc.'s annual reports to the SEC; quarters: SEC filings.

Growth and margins together

Rule of 40 score 63.9 (growth 35.2% + FCF margin 28.7%): strong, clears the 40 line. Stock pay is 20.1% of revenue; counted as a cost, it brings the FCF margin down to 8.6%.

Datadog trades at 14.6× revenue on 35.2% growth. SNOW grows fastest of its peers, 35.1%, and costs 19.4×.

Growth: revenue in the quarter ended Sep 2026 against the quarter ended Sep 2025. FCF margin: operating cash flow minus capex, over revenue, for the 4 quarters ended Sep 2026. From SEC filings.

Is it expensive?

EV/revenue of 14.6x, above the peer median of 7.0x.

EV/revenue above the peer median of 7.0x: pricier than its peers.

Compared on enterprise value (market cap plus debt minus cash) per $1 of revenue: for companies that reinvest what they earn or borrow to grow (software, AI data centers), P/E can mislead.

What analysts expect

The average analyst price target is $272, 47% above the current price; 92% of 48 analysts rate it a buy; earnings beat estimates in all of the last 4 quarters.

Buy or Strong Buy: 44 analysts (92%). Sell or Strong Sell: 1.

Over the past year the average of the analysts' latest price targets went from $198.18 to $283.53 (+43%), while DDOG went from $185.97 to $184.46 (−1%). In the past three months targets were raised 9 times and cut 15 times. 5 upgrades and 2 downgrades over the year; the latest: Bernstein moved it to Outperform from Market Perform on Oct 19, 2026.

The day after each of these reports the stock moved +11.7% (Dec 2025, beat); +39.3% (Mar 2026, beat); −17.4% (Jun 2026, beat); −20.8% (Sep 2026, beat).

For the quarter ending Dec 2026, analysts expect adjusted earnings of $0.69 a share, 17% more than the $0.59 of a year earlier, and revenue of $1.2B, up 26% on a year earlier. For the fiscal year ending Dec 2027, they expect adjusted earnings of $3.18 a share, 16% more than the year before's estimate of $2.73, and revenue of $5.5B, up 22% on the year before's estimate.

Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.

Where the cash goes

Generated $1.2B in free cash flow over the year, with no dividends and no buybacks. All of the cash stays in the company.

Datadog had 375M diluted shares in the quarter ended Sep 2026, 3.6% more than a year earlier, and 2.0% more each year on average since Jun 2020.

Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings. Shares: each quarter's diluted weighted average as filed with the SEC, since the stock's listing and its latest split.

Financial health

Current ratio 3.4, no pressure to repay short-term debt; debt-to-equity 0.3, debt is very low and the balance sheet is solid.

Latest fiscal year balance sheet. Source: Yahoo Finance.

Who holds it

In the filings of 1 member of Congress and 8 funds whose copy leaves DDOG out (on the exchange, not in the app yet): Stony Point Capital, Light Street Capital Management, Baillie Gifford &, Mirae Asset Global Investments, Swiss National Bank, Canada Pension Plan Investment Board and 3 more.

What did the funds Hunch tracks do?

Of the 83 funds whose 13F filings Hunch reads, 14 held DDOG at the end of their latest quarter (for most, Q2 2026). Over that quarter 5 added shares, 7 cut, 1 bought new, 2 sold all and 1 held the same. The largest of them is Norges Bank, 4.07M shares worth $1.1B at Jun 30, 2026, 18.0% more than at Dec 31, 2025.

From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of DDOG at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end. Norges Bank filed its 13F for Q1 2026 confidentially, with no holdings made public, so its row compares Q2 2026 with Q4 2025.

Are insiders buying or selling?

Officers and directors sold $700M of DDOG on the open market in the 12 months to Nov 11, 2026; none bought. 89% of the sales were made under 10b5-1 plans, set up in advance. The largest was Olivier Pomel (Chief Executive Officer; director), who sold $239M in 114 sales.