Datadog (NASDAQ:DDOG) Price Target Raised to $220.00

Datadog (NASDAQ:DDOG) had its price objective increased by equities researchers at Cantor Fitzgerald from $179.00 to $220.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price points to a potential upside of 15.69% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Sanford C. Bernstein boosted their target price on Datadog from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday. BMO Capital Markets lifted their price target on shares of Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a report on Friday. Barclays upped their price objective on shares of Datadog from $170.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday. Truist Financial lifted their target price on shares of Datadog from $140.00 to $195.00 and gave the company a “hold” rating in a research note on Friday. Finally, KeyCorp raised shares of Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 price target for the company in a research note on Friday. Thirty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $197.03.

Datadog Trading Down 0.3%

Datadog stock traded down $0.66 during trading hours on Friday, reaching $190.17. The stock had a trading volume of 6,357,558 shares, compared to its average volume of 5,534,225. The company has a fifty day simple moving average of $148.78 and a 200-day simple moving average of $133.91. Datadog has a 52 week low of $81.63 and a 52 week high of $194.87. The stock has a market cap of $66.32 billion, a PE ratio of 543.54, a PEG ratio of 60.64 and a beta of 1.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.45 by $0.10. The firm had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. Analysts forecast that Datadog will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 63,939 shares of the firm’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the completion of the transaction, the chief executive officer directly owned 533,358 shares in the company, valued at $88,014,737.16. This trade represents a 10.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew Jacobson sold 575,863 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the completion of the transaction, the director owned 219,831 shares in the company, valued at approximately $27,909,743.76. The trade was a 72.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,510,236 shares of company stock valued at $207,339,763. 8.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Datadog

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Datadog by 30.3% in the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after acquiring an additional 9,748,738 shares in the last quarter. Baillie Gifford & Co. raised its stake in shares of Datadog by 12.6% in the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock worth $1,217,769,000 after purchasing an additional 1,369,522 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Datadog by 259.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock worth $858,994,000 after purchasing an additional 6,250,942 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Datadog by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock valued at $667,611,000 after purchasing an additional 1,261,065 shares in the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of Datadog by 23.3% during the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock valued at $803,793,000 after buying an additional 1,130,675 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Company Profile

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.