Sanford C. Bernstein Forecasts Strong Price Appreciation for Datadog (NASDAQ:DDOG) Stock

Datadog (NASDAQ:DDOG) had its price objective increased by Sanford C. Bernstein from $170.00 to $180.00 in a research note issued on Friday,MarketScreener reports. The firm presently has an “outperform” rating on the stock. Sanford C. Bernstein’s price target would indicate a potential downside of 5.39% from the company’s previous close.

Other analysts also recently issued research reports about the company. CIBC assumed coverage on Datadog in a research note on Monday. They issued a “neutral” rating and a $170.00 target price on the stock. Cantor Fitzgerald upped their price objective on shares of Datadog from $171.00 to $179.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Robert W. Baird set a $165.00 target price on shares of Datadog in a research note on Wednesday, October 29th. Canaccord Genuity Group lifted their price target on Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Monday. Finally, Stifel Nicolaus set a $205.00 price target on Datadog in a report on Thursday. Thirty analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $197.03.

Datadog Stock Performance

DDOG traded down $0.57 during trading on Friday, reaching $190.25. 6,357,558 shares of the company’s stock were exchanged, compared to its average volume of 5,534,225. The company’s fifty day simple moving average is $148.78 and its 200-day simple moving average is $133.91. The stock has a market capitalization of $66.35 billion, a P/E ratio of 543.54, a price-to-earnings-growth 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 has a 1 year low of $81.63 and a 1 year high of $194.87.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.10. The firm had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm’s revenue was up 28.4% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, research analysts predict that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Activity at Datadog

In related news, CEO Olivier Pomel sold 63,939 shares of Datadog stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $165.02, for a total value of $10,551,213.78. Following the completion of the transaction, the chief executive officer owned 533,358 shares in the company, valued at approximately $88,014,737.16. The trade was a 10.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Amit Agarwal sold 45,444 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total value of $6,820,235.52. Following the completion of the sale, the director owned 1,640 shares in the company, valued at approximately $246,131.20. The trade was a 96.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,510,236 shares of company stock worth $207,339,763 over the last ninety days. Company insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Datadog

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