DA Davidson Reiterates “Buy” Rating for Datadog (NASDAQ:DDOG)

Datadog (NASDAQ:DDOG)‘s stock had its “buy” rating reaffirmed by DA Davidson in a research note issued to investors on Monday,Benzinga reports. They currently have a $225.00 price target on the stock. DA Davidson’s price target would indicate a potential upside of 74.13% from the stock’s current price.

DDOG has been the topic of several other research reports. Barclays dropped their price objective on shares of Datadog from $215.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Mizuho cut their target price on shares of Datadog from $200.00 to $170.00 and set an “outperform” rating for the company in a research report on Wednesday, January 21st. Morgan Stanley raised their price target on Datadog from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. UBS Group upped their price objective on Datadog from $189.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, Cantor Fitzgerald upped their price target on shares of Datadog from $179.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Thirty-five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $189.36.

Datadog Trading Down 0.1%

Shares of NASDAQ DDOG traded down $0.10 during midday trading on Monday, hitting $129.22. 3,346,023 shares of the company traded hands, compared to its average volume of 5,790,081. Datadog has a 12-month low of $81.63 and a 12-month high of $201.69. The firm has a market cap of $45.31 billion, a P/E ratio of 416.55, a P/E/G ratio of 23.07 and a beta of 1.27. The stock has a 50-day moving average price of $139.51 and a 200 day moving average price of $145.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66.

Datadog (NASDAQ:DDOG) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $852.77 million. During the same quarter in the prior year, the business earned $0.46 EPS. The business’s revenue for the quarter 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, analysts expect that Datadog will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 100,754 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the sale, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at $96,633,802.44. The trade was a 15.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Matthew Jacobson sold 404,306 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $199.60, for a total value of $80,699,477.60. Following the transaction, the director directly owned 12,859 shares in the company, valued at approximately $2,566,656.40. This represents a 96.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,041,445 shares of company stock worth $186,887,631 over the last 90 days. 8.70% of the stock is owned by insiders.

Institutional Trading of Datadog

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

About Datadog

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.