Datadog (NASDAQ:DDOG) Price Target Raised to $180.00

Datadog (NASDAQ:DDOG) had its price target boosted by Sanford C. Bernstein from $170.00 to $180.00 in a report published on Friday,MarketScreener reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently weighed in on DDOG. Stifel Nicolaus set a $205.00 target price on shares of Datadog in a research note on Thursday. Guggenheim set a $105.00 price target on Datadog in a research note on Thursday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Datadog in a research note on Wednesday, October 8th. Jefferies Financial Group boosted their target price on Datadog from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday. Finally, BMO Capital Markets raised their price target on Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a report on Friday. Thirty equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Datadog has an average rating of “Moderate Buy” and a consensus price target of $203.42.

Datadog Stock Performance

Shares of Datadog stock opened at $191.24 on Friday. Datadog has a 12 month low of $81.63 and a 12 month high of $194.87. The firm has a market capitalization of $66.69 billion, a P/E ratio of 616.90, a P/E/G ratio of 54.29 and a beta of 1.20. The company has a current ratio of 3.66, a quick ratio of 3.43 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $149.87 and a two-hundred day simple moving average of $135.21.

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. The firm had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The company’s revenue was up 28.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. On average, equities analysts forecast that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other news, Director Matthew Jacobson sold 575,863 shares of the company’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the transaction, the director directly owned 219,831 shares of the company’s stock, valued at $27,909,743.76. This represents a 72.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 55,352 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total value of $7,407,758.16. Following the sale, the chief technology officer directly owned 438,885 shares in the company, valued at $58,735,979.55. This trade represents a 11.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,477,313 shares of company stock valued at $203,047,262. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Motley Fool Asset Management LLC grew its position in Datadog by 149.0% in the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock worth $3,783,000 after purchasing an additional 22,818 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Datadog by 24.7% in the 1st 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. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Datadog by 178.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock worth $9,032,000 after acquiring an additional 58,369 shares during the period. Mizuho Markets Americas LLC bought a new stake in shares of Datadog in the first quarter worth $15,526,000. Finally, Slow Capital Inc. lifted its holdings in Datadog by 124.0% in the first quarter. Slow Capital Inc. now owns 60,223 shares of the company’s stock valued at $5,975,000 after acquiring an additional 33,332 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

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.