Datadog (NASDAQ:DDOG) Given New $221.00 Price Target at BTIG Research

Datadog (NASDAQ:DDOG) had its price objective boosted by BTIG Research from $184.00 to $221.00 in a research note published on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

DDOG has been the topic of a number of other reports. Monness Crespi & Hardt lifted their price objective on shares of Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Scotiabank reiterated an “outperform” rating on shares of Datadog in a research note on Friday, August 8th. Oppenheimer increased their price target on Datadog from $165.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Weiss Ratings restated a “sell (d+)” rating on shares of Datadog in a report on Wednesday, October 8th. Finally, Mizuho boosted their price target on shares of Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Thirty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $198.94.

Datadog Stock Performance

Shares of Datadog stock traded up $0.42 during trading on Thursday, hitting $191.24. 9,282,929 shares of the stock were exchanged, compared to its average volume of 4,210,942. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.43 and a current ratio of 3.66. Datadog has a 12 month low of $81.63 and a 12 month high of $194.87. The stock’s fifty day moving average is $148.78 and its 200 day moving average is $133.91. The stock has a market cap of $66.69 billion, a PE ratio of 502.16, a P/E/G ratio of 74.66 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. The firm had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. Datadog’s revenue was up 28.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. As a group, sell-side analysts anticipate that Datadog will post 0.34 EPS for the current year.

Insider Activity at Datadog

In other news, Director Michael James Callahan sold 91,667 shares of the stock in a transaction that occurred 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 directly owned 12,496 shares of the company’s stock, valued at $1,969,369.60. This represents a 88.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amit Agarwal sold 45,444 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the completion of the sale, the director owned 1,640 shares of the company’s stock, valued at approximately $246,131.20. The trade was a 96.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,510,236 shares of company stock worth $207,339,763. Company insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Datadog

Large investors have recently made changes to their positions in the company. V Square Quantitative Management LLC increased its stake in shares of Datadog by 13.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock worth $81,000 after purchasing an additional 73 shares during the last quarter. Westside Investment Management Inc. raised its holdings in 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 in the last quarter. Nilsine Partners LLC boosted its stake in shares of Datadog by 2.4% during the 3rd quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock worth $484,000 after acquiring an additional 78 shares in the last quarter. PDS Planning Inc increased its holdings in shares of Datadog by 4.2% during the 3rd quarter. PDS Planning Inc now owns 1,975 shares of the company’s stock valued at $281,000 after acquiring an additional 80 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in Datadog by 0.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock worth $1,406,000 after purchasing an additional 82 shares during the last quarter. Institutional investors 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.