Datadog (NASDAQ:DDOG) Upgraded at Cibc Captl Mkts

Datadog (NASDAQ:DDOG) was upgraded by analysts at Cibc Captl Mkts to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other research firms have also weighed in on DDOG. Mizuho raised their target price on shares of Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Scotiabank reissued an “outperform” rating on shares of Datadog in a research note on Friday, August 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Datadog in a report on Wednesday, October 8th. Cantor Fitzgerald increased their price target on shares of Datadog from $171.00 to $179.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Finally, TD Cowen lifted their target price on Datadog from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Twenty-six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $166.10.

Datadog Stock Down 2.8%

Shares of DDOG stock opened at $157.51 on Monday. The stock has a 50 day moving average of $147.32 and a 200 day moving average of $133.36. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The stock has a market cap of $54.93 billion, a P/E ratio of 450.04, a P/E/G ratio of 63.41 and a beta of 1.20. Datadog has a twelve month low of $81.63 and a twelve month high of $170.08.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. As a group, sell-side analysts expect that Datadog will post 0.34 EPS for the current year.

Insider Activity at Datadog

In other news, Director Michael James Callahan sold 8,333 shares of the stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $160.55, for a total transaction of $1,337,863.15. Following the completion of the transaction, the director directly owned 12,496 shares in the company, valued at approximately $2,006,232.80. This represents a 40.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 41,468 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $150.94, for a total transaction of $6,259,179.92. Following the sale, the chief technology officer directly owned 438,885 shares of the company’s stock, valued at $66,245,301.90. The trade was a 8.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,449,764 shares of company stock worth $197,368,047 over the last ninety days. Company insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Datadog

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Westside Investment Management Inc. grew its position in shares of Datadog by 74.3% during the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Tripletail Wealth Management LLC bought a new stake in Datadog during the 3rd quarter valued at $28,000. Physician Wealth Advisors Inc. boosted its position in Datadog by 315.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after acquiring an additional 145 shares during the period. Hazlett Burt & Watson Inc. bought a new position in shares of Datadog in the third quarter worth $28,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of Datadog during the third quarter valued at $40,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

About Datadog

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.