Datadog (NASDAQ:DDOG) Price Target Raised to $225.00 at DA Davidson

Datadog (NASDAQ:DDOG) had its price target hoisted by stock analysts at DA Davidson from $180.00 to $225.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price indicates a potential upside of 21.51% from the stock’s current price.

Other research analysts have also issued reports about the company. Rosenblatt Securities raised their target price on Datadog from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday. Mizuho raised their price objective on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. BMO Capital Markets upped their price target on Datadog from $154.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday. Sanford C. Bernstein raised their price target on shares of Datadog from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Datadog in a report on Wednesday, October 8th. Twenty-nine investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.18.

Datadog Price Performance

Shares of DDOG stock traded down $5.65 on Friday, reaching $185.17. The company had a trading volume of 4,447,242 shares, compared to its average volume of 5,526,691. The stock has a market capitalization of $64.58 billion, a PE ratio of 528.35, a price-to-earnings-growth ratio of 60.64 and a beta of 1.20. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average is $148.78 and its 200 day moving average is $133.91. Datadog has a one year low of $81.63 and a one year high of $194.87.

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. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The firm’s revenue was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. Equities research analysts forecast that Datadog will post 0.34 EPS for the current fiscal year.

Insider Transactions at Datadog

In related news, Director Michael James Callahan sold 91,667 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the completion of the transaction, the director directly owned 12,496 shares of the company’s stock, valued at approximately $1,969,369.60. This trade represents a 88.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 55,352 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total value of $7,407,758.16. Following the sale, the chief technology officer owned 438,885 shares in the company, valued at approximately $58,735,979.55. This trade represents a 11.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,510,236 shares of company stock valued at $207,339,763. 8.70% of the stock is owned by corporate insiders.

Institutional Trading of Datadog

A number of institutional investors have recently bought and sold shares of DDOG. Vanguard Group Inc. raised its holdings in shares of Datadog by 30.3% during the third quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock worth $5,966,877,000 after purchasing an additional 9,748,738 shares during the last quarter. Baillie Gifford & Co. boosted 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 buying an additional 1,369,522 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Datadog by 259.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock worth $858,994,000 after acquiring an additional 6,250,942 shares during the period. Price T Rowe Associates Inc. MD raised its position in 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 acquiring an additional 1,261,065 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in Datadog by 23.3% in the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock valued at $803,793,000 after acquiring an additional 1,130,675 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.