BTIG Research Raises Datadog (NASDAQ:DDOG) Price Target to $221.00

Datadog (NASDAQ:DDOG) had its price target raised by equities researchers at BTIG Research from $184.00 to $221.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price target suggests a potential upside of 15.56% from the stock’s previous close.

Several other analysts also recently weighed in on DDOG. UBS Group boosted their price objective on Datadog from $165.00 to $189.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. BMO Capital Markets upped their price target on shares of Datadog from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Barclays set a $170.00 price target on shares of Datadog and gave the company an “overweight” rating in a research report on Thursday, August 7th. DA Davidson boosted their price objective on shares of Datadog from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, Needham & Company LLC upped their price objective on shares of Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday. Twenty-nine equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus price target of $198.94.

Datadog Stock Performance

Datadog stock opened at $191.24 on Thursday. The firm has a fifty day simple moving average of $149.87 and a two-hundred day simple moving average of $134.62. The company has a quick ratio of 3.43, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog has a twelve month low of $81.63 and a twelve month high of $194.87. The company has a market capitalization of $66.69 billion, a PE ratio of 616.90, a P/E/G ratio of 74.66 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company’s quarterly revenue was up 28.4% on a year-over-year basis. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. Research 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 91,667 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $157.60, for a total value of $14,446,719.20. Following the completion of the transaction, the director owned 12,496 shares of the company’s stock, valued at approximately $1,969,369.60. This represents a 88.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew Jacobson sold 575,863 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total value of $73,111,566.48. Following the completion of the transaction, the director owned 219,831 shares of the company’s stock, valued at approximately $27,909,743.76. The trade was a 72.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,510,236 shares of company stock valued at $207,339,763 over the last three months. Corporate insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Datadog

A number of institutional investors have recently added to or reduced their stakes in the company. Westside Investment Management Inc. boosted its holdings in shares of Datadog by 74.3% during the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after buying an additional 75 shares in the last quarter. Rothschild Investment LLC increased its stake in shares of Datadog by 126.6% in the 3rd quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Tripletail Wealth Management LLC purchased a new position in Datadog during the 3rd quarter valued at about $28,000. Physician Wealth Advisors Inc. lifted its position in Datadog by 315.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $27,000 after acquiring an additional 145 shares during the period. Finally, Hazlett Burt & Watson Inc. bought a new stake in Datadog during the third quarter worth about $28,000. 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.