Needham & Company LLC restated their buy rating on shares of Datadog (NASDAQ:DDOG – Free Report) in a report issued on Wednesday,Benzinga reports. The brokerage currently has a $300.00 price target on the stock.
A number of other research analysts also recently weighed in on DDOG. Wedbush initiated coverage on Datadog in a report on Friday, September 11th. They issued an “outperform” rating and a $275.00 target price on the stock. Guggenheim boosted their price target on Datadog from $225.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company upped their price target on shares of Datadog from $295.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Mizuho increased their price objective on shares of Datadog from $300.00 to $330.00 and gave the stock an “outperform” rating in a research note on Thursday, October 15th. Finally, Robert W. Baird set a $300.00 price objective on shares of Datadog in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $278.43.
View Our Latest Research Report on DDOG
Datadog Stock Up 2.5%
Datadog (NASDAQ:DDOG – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.64 by $0.17. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $0.55 earnings per share. The company’s revenue for the quarter was up 35.2% on a year-over-year basis. As a group, analysts expect that Datadog will post 0.70 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Matthew Jacobson sold 39,912 shares of Datadog stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $250.55, for a total transaction of $9,999,951.60. Following the transaction, the director directly owned 544,220 shares in the company, valued at approximately $136,354,321. The trade was a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 89,497 shares of Datadog stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $207.86, for a total value of $18,602,846.42. Following the transaction, the chief executive officer owned 586,416 shares in the company, valued at $121,892,429.76. This trade represents a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 745,293 shares of company stock valued at $175,536,548 in the last 90 days. 6.48% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC grew its stake in shares of Datadog by 22.8% during the 1st quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock valued at $905,570,000 after acquiring an additional 1,439,082 shares during the period. Assenagon Asset Management S.A. increased its holdings in Datadog by 197.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,443,008 shares of the company’s stock worth $669,018,000 after acquiring an additional 1,622,904 shares in the last quarter. First Trust Advisors LP increased its holdings in Datadog by 81.5% in the 1st quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after acquiring an additional 1,654,429 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in Datadog by 5.2% in the 3rd quarter. Pictet Asset Management Holding SA now owns 1,154,426 shares of the company’s stock worth $316,128,000 after acquiring an additional 56,893 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Datadog by 30.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock worth $312,340,000 after acquiring an additional 615,090 shares during the period. Institutional investors own 78.29% of the company’s stock.
More Datadog News
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Datadog beat Q3 estimates, reporting $1.20 billion in revenue, up 35.2% year over year, and adjusted EPS of $0.81 versus a $0.64 consensus. Infrastructure Monitoring annual recurring revenue also topped $2 billion, with broad-based platform use and AI adoption supporting demand. Article: Datadog’s Infrastructure Monitoring Tops $2B ARR in Q3, Revenues Beat
- Neutral Sentiment: Some analysts still see upside: several firms retained Buy or Overweight ratings even while trimming price targets. One valuation analysis also argues the share price may be supportable by future cash generation, though that depends on expectations for growth and AI demand. Article: Datadog Stock Could Still Be Undervalued As AI Hopes Swing
- Negative Sentiment: Investors remain wary of the outlook: Q4 guidance and customer-related factors signal a potential slowdown from Q3’s growth, while AI-customer discounts and lower-priced renewals may temper revenue growth. The forecast also relies on a minimum commitment from Datadog’s largest customer, adding uncertainty. Article: DDOG Q3 Earnings Call Highlights AI Growth and Customer Renewals
- Negative Sentiment: Multiple firms cut their price targets after the results—including Rosenblatt, TD Cowen, Wells Fargo, Citigroup and Wedbush. Though ratings remained favorable in several reports, the reductions suggest analysts are tempering near-term expectations. Article: Rosenblatt Lowers Datadog Price Target Article: Wedbush Sets New Datadog Price Target
About Datadog
Datadog, Inc provides a cloud-based monitoring and security platform that helps organizations observe and manage their technology environments. Its tools collect and analyze data from applications, infrastructure, networks, and other systems to help teams detect issues and improve performance.
The company’s products include infrastructure monitoring, application performance monitoring, log management, digital experience monitoring, database and network monitoring, and security tools. Datadog also offers capabilities for incident management and cloud security.
Founded in 2010 by Olivier Pomel and Alexis Lê-Quôc, Datadog serves customers around the world.
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