Royal Bank Of Canada Forecasts Strong Price Appreciation for Datadog (NASDAQ:DDOG) Stock

Datadog (NASDAQ:DDOG) had its target price boosted by analysts at Royal Bank Of Canada from $182.00 to $216.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 12.95% from the stock’s current price.

Other analysts also recently issued reports about the stock. TD Cowen boosted their target price on shares of Datadog from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. 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. Cantor Fitzgerald raised their target price on Datadog from $179.00 to $220.00 and gave the company an “overweight” rating in a report on Friday. UBS Group upped their price target on Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Scotiabank reissued an “outperform” rating on shares of Datadog in a report on Friday, August 8th. Thirty research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $198.94.

Datadog Stock Up 0.2%

DDOG stock traded up $0.42 during mid-day trading on Friday, hitting $191.24. The stock had a trading volume of 9,281,052 shares, compared to its average volume of 5,549,686. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. Datadog has a 1-year low of $81.63 and a 1-year high of $194.87. The company has a fifty day moving average of $148.78 and a 200 day moving average of $133.91. The stock has a market capitalization of $66.69 billion, a price-to-earnings ratio of 546.42, a PEG ratio of 60.64 and a beta of 1.20.

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

Insider Activity

In other Datadog news, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $162.58, for a total value of $1,286,983.28. Following the sale, the director owned 364,449 shares of the company’s stock, valued at $59,252,118.42. This trade represents a 2.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Olivier Pomel sold 62,682 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $163.90, for a total value of $10,273,579.80. Following the transaction, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $87,417,376.20. This trade represents a 10.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,510,236 shares of company stock worth $207,339,763 over the last 90 days. Company insiders own 8.70% of the company’s stock.

Institutional Trading of Datadog

Several hedge funds and other institutional investors have recently bought and sold shares of DDOG. V Square Quantitative Management LLC raised its position in shares of Datadog by 13.8% during the second quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after buying an additional 73 shares during the last quarter. Westside Investment Management Inc. increased its stake in Datadog by 74.3% during the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after acquiring an additional 75 shares during the period. Nilsine Partners LLC raised its holdings in Datadog by 2.4% in the 3rd quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock valued at $484,000 after acquiring an additional 78 shares in the last quarter. PDS Planning Inc lifted its position in shares of Datadog by 4.2% in the 3rd quarter. PDS Planning Inc now owns 1,975 shares of the company’s stock worth $281,000 after acquiring an additional 80 shares during the period. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of Datadog by 0.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock worth $1,406,000 after purchasing an additional 82 shares in the last quarter. 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.