BMO Capital Markets Forecasts Strong Price Appreciation for Datadog (NASDAQ:DDOG) Stock

Datadog (NASDAQ:DDOG) had its price objective raised by BMO Capital Markets from $150.00 to $154.00 in a research report sent to investors on Monday morning,MarketScreener reports. They currently have an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the company. Mizuho increased their price objective on Datadog from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Canaccord Genuity Group raised their price target on shares of Datadog from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 8th. Citigroup lifted their price target on shares of Datadog from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Cantor Fitzgerald increased their price objective on shares of Datadog from $171.00 to $179.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Finally, Jefferies Financial Group raised their target price on shares of Datadog from $135.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, August 4th. Twenty-five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Datadog Price Performance

Shares of DDOG opened at $152.70 on Monday. Datadog has a twelve month low of $81.63 and a twelve month high of $170.08. The company has a market capitalization of $53.25 billion, a P/E ratio of 436.30, a price-to-earnings-growth ratio of 55.71 and a beta of 1.21. The firm has a 50 day moving average of $136.45 and a 200 day moving average of $122.72. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business had revenue of $826.76 million for the quarter, compared to analysts’ expectations of $791.72 million. During the same period in the prior year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. As a group, equities research analysts anticipate that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 55,352 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the sale, the chief technology officer owned 438,885 shares in the company, valued at approximately $58,735,979.55. This trade represents a 11.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amit Agarwal sold 44,444 shares of Datadog stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $138.34, for a total transaction of $6,148,382.96. Following the transaction, the director directly owned 1,640 shares in the company, valued at $226,877.60. This represents a 96.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,297,706 shares of company stock valued at $170,365,427 over the last quarter. 8.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DDOG. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock worth $25,000 after buying an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC grew its position in shares of Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares in the last quarter. Costello Asset Management INC purchased a new stake in shares of Datadog during the first quarter worth about $30,000. Opal Wealth Advisors LLC bought a new stake in Datadog during the 1st quarter valued at approximately $37,000. Finally, Center for Financial Planning Inc. boosted its stake in Datadog by 1,189.7% in the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock worth $37,000 after purchasing an additional 345 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

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.