Datadog (NASDAQ:DDOG) Price Target Raised to $195.00 at Truist Financial

Datadog (NASDAQ:DDOG) had its price objective upped by equities research analysts at Truist Financial from $140.00 to $195.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price objective suggests a potential upside of 2.50% from the company’s previous close.

A number of other research analysts have also issued reports on DDOG. Evercore ISI boosted their price objective on Datadog from $170.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday. Weiss Ratings reissued a “sell (d+)” rating on shares of Datadog in a research note on Wednesday, October 8th. Sanford C. Bernstein upped their price target on shares of Datadog from $147.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. TD Cowen raised their price objective on Datadog from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Finally, Monness Crespi & Hardt upped their target price on Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Thirty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $197.03.

Datadog Stock Down 0.3%

DDOG traded down $0.57 on Friday, reaching $190.25. The company’s stock had a trading volume of 6,357,558 shares, compared to its average volume of 5,534,225. Datadog has a 1 year low of $81.63 and a 1 year high of $194.87. The business’s 50 day moving average is $148.78 and its 200 day moving average is $133.91. 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 stock has a market cap of $66.35 billion, a price-to-earnings ratio of 543.54, a price-to-earnings-growth ratio of 60.64 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.45 by $0.10. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same period in the prior year, the business posted $0.46 EPS. The business’s revenue was up 28.4% on a year-over-year basis. 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, research analysts forecast that Datadog will post 0.34 EPS for the current fiscal year.

Insider Transactions at Datadog

In other Datadog news, Director Amit Agarwal sold 45,444 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total value of $6,820,235.52. Following the sale, the director owned 1,640 shares of the company’s stock, valued at $246,131.20. The trade was a 96.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Matthew Jacobson sold 575,863 shares of the firm’s stock in a transaction dated 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. The trade was a 72.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,510,236 shares of company stock valued at $207,339,763 over the last 90 days. Corporate insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Datadog

Large investors have recently modified their holdings of the stock. V Square Quantitative Management LLC boosted its stake in Datadog by 13.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after buying an additional 73 shares in the last quarter. Westside Investment Management Inc. raised its stake in Datadog by 74.3% during the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Nilsine Partners LLC lifted its holdings in shares of Datadog by 2.4% during the third quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock valued at $484,000 after acquiring an additional 78 shares during the period. PDS Planning Inc boosted its stake in shares of Datadog by 4.2% in the 3rd quarter. PDS Planning Inc now owns 1,975 shares of the company’s stock valued at $281,000 after purchasing an additional 80 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of 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. 78.29% of the stock is currently owned by 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.