Datadog (NASDAQ:DDOG) Given New $205.00 Price Target at Raymond James Financial

Datadog (NASDAQ:DDOG) had its price target boosted by Raymond James Financial from $170.00 to $205.00 in a report published on Thursday,MarketScreener reports.

A number of other research analysts have also issued reports on DDOG. Truist Financial lifted their target price on Datadog from $140.00 to $195.00 and gave the stock a “hold” rating in a report on Friday. Oppenheimer lifted their price objective on shares of Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. KeyCorp upgraded shares of Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 target price on the stock in a report on Friday. Morgan Stanley raised their target price on shares of Datadog from $165.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, CIBC started coverage on shares of Datadog in a research report on Monday. They issued a “neutral” rating and a $170.00 price target on the stock. Thirty research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $198.94.

Datadog Price Performance

Shares of Datadog stock traded up $0.42 on Thursday, hitting $191.24. The company had a trading volume of 9,282,929 shares, compared to its average volume of 5,550,002. Datadog has a 52 week low of $81.63 and a 52 week high of $194.87. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The company has a market cap of $66.69 billion, a PE ratio of 546.42, a PEG ratio of 60.64 and a beta of 1.20. The business has a 50-day simple moving average of $148.78 and a 200-day simple moving average of $133.91.

Datadog (NASDAQ:DDOG) last released 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 5.04% and a net margin of 4.13%.The firm had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. During the same period in the prior year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter 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. Research analysts expect that Datadog will post 0.34 EPS for the current fiscal year.

Insider Activity at Datadog

In other news, CTO Alexis Le-Quoc sold 41,468 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $150.94, for a total value of $6,259,179.92. Following the completion of the sale, the chief technology officer owned 438,885 shares in the company, valued at $66,245,301.90. This represents a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction on Monday, October 13th. The shares were sold at an average price of $162.58, for a total value of $1,286,983.28. Following the transaction, the director owned 364,449 shares in the company, valued at $59,252,118.42. This represents a 2.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,510,236 shares of company stock worth $207,339,763. Insiders own 8.70% of the company’s stock.

Institutional Trading of Datadog

Several institutional investors have recently made changes to their positions in DDOG. Brighton Jones LLC bought a new stake in Datadog during the fourth quarter valued at about $209,000. Bison Wealth LLC acquired a new stake in Datadog in the 4th quarter valued at approximately $228,000. OneDigital Investment Advisors LLC increased its position in Datadog by 31.7% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,338 shares of the company’s stock worth $331,000 after buying an additional 803 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Datadog by 24.7% during the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company’s stock worth $78,112,000 after buying an additional 156,152 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings 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 buying an additional 154 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.