Barclays Issues Positive Forecast for Datadog (NASDAQ:DDOG) Stock Price

Datadog (NASDAQ:DDOG) had its price objective upped by analysts at Barclays from $170.00 to $215.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 16.11% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group boosted their target price on shares of Datadog from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday. Oppenheimer upped their price target on Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. TD Cowen upped their price target 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. Wells Fargo & Company began coverage on shares of Datadog in a research note on Tuesday, September 30th. They set an “overweight” rating and a $190.00 price objective on the stock. Finally, Stifel Nicolaus set a $205.00 price target on Datadog 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $192.18.

Datadog Price Performance

Datadog stock traded down $5.65 during mid-day trading on Friday, reaching $185.17. The company had a trading volume of 4,447,242 shares, compared to its average volume of 5,526,691. Datadog has a 1 year low of $81.63 and a 1 year high of $194.87. The company has a market capitalization of $64.58 billion, a P/E ratio of 528.35, a P/E/G ratio of 60.64 and a beta of 1.20. The stock’s 50-day simple moving average is $148.78 and its 200-day simple moving average is $133.91. 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 (NASDAQ:DDOG) last posted its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. During the same quarter in the prior year, the company earned $0.46 earnings per share. Datadog’s revenue was up 28.4% compared to the same quarter last year. 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 predict that Datadog will post 0.34 EPS for the current year.

Insider Activity at Datadog

In other Datadog news, Director Matthew Jacobson sold 575,863 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total value of $73,111,566.48. Following the completion of the sale, the director directly owned 219,831 shares in the company, valued at $27,909,743.76. This represents a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael James Callahan sold 91,667 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $157.60, for a total value of $14,446,719.20. Following the completion of the sale, the director owned 12,496 shares of the company’s stock, valued at approximately $1,969,369.60. This trade represents a 88.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,510,236 shares of company stock worth $207,339,763 in the last ninety days. 8.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Datadog

A number of hedge funds and other institutional investors have recently modified their holdings of DDOG. Brighton Jones LLC acquired a new position in shares of Datadog in the fourth quarter worth about $209,000. Bison Wealth LLC purchased a new position in Datadog in the fourth quarter valued at about $228,000. OneDigital Investment Advisors LLC grew its stake in shares of Datadog by 31.7% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,338 shares of the company’s stock valued at $331,000 after buying an additional 803 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Datadog by 24.7% in the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company’s stock worth $78,112,000 after purchasing an additional 156,152 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares during 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.