Datadog, Inc. (NASDAQ:DDOG) Receives $207.38 Average PT from Analysts

Datadog, Inc. (NASDAQ:DDOG) has received a consensus recommendation of “Moderate Buy” from the thirty-eight analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirty-two have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $206.9211.

A number of research firms have recently weighed in on DDOG. DA Davidson lifted their price objective on shares of Datadog from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. BNP Paribas Exane raised their target price on shares of Datadog from $160.00 to $210.00 in a research note on Friday, November 7th. Morgan Stanley upped their price target on Datadog from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. TD Cowen raised their price objective on Datadog from $180.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Oppenheimer boosted their target price on Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th.

Insider Activity

In other Datadog news, CEO Olivier Pomel sold 100,754 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the transaction, the chief executive officer owned 533,358 shares in the company, valued at approximately $96,633,802.44. This represents a 15.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Matthew Jacobson sold 404,306 shares of Datadog stock in a transaction on Monday, November 10th. The stock was sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the sale, the director owned 12,859 shares of the company’s stock, valued at $2,566,656.40. The trade was a 96.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,316,774 shares of company stock valued at $233,102,070. 8.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Datadog

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DDOG. Westside Investment Management Inc. increased its holdings in shares of Datadog by 74.3% in the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after purchasing an additional 75 shares during the period. Rothschild Investment LLC boosted its position in Datadog by 126.6% in the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the last quarter. Tripletail Wealth Management LLC acquired a new position in Datadog in the 3rd quarter worth approximately $28,000. Physician Wealth Advisors Inc. raised its position in Datadog by 315.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after buying an additional 145 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in Datadog during the 3rd quarter valued at approximately $27,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Trading Down 2.4%

Shares of NASDAQ:DDOG opened at $136.68 on Thursday. The company has a market capitalization of $47.93 billion, a PE ratio of 440.91, a P/E/G ratio of 30.59 and a beta of 1.23. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog has a 12-month low of $81.63 and a 12-month high of $201.69. The business’s fifty day simple moving average is $161.81 and its 200-day simple moving average is $145.13.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $852.77 million. During the same period in the prior year, the business posted $0.46 EPS. The firm’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 and its Q4 2025 guidance at 0.54-0.56 EPS. As a group, equities research analysts predict that Datadog will post 0.34 earnings per share for the current fiscal year.

About Datadog

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.