Datadog (NASDAQ:DDOG) Price Target Raised to $225.00 at The Goldman Sachs Group

Datadog (NASDAQ:DDOG) had its target price upped by investment analysts at The Goldman Sachs Group from $165.00 to $225.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 17.65% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Citigroup increased their target price on shares of Datadog from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Evercore ISI lifted their target price on Datadog from $170.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday. Cowen reissued a “buy” rating on shares of Datadog in a report on Thursday. DA Davidson upped their price target on Datadog from $180.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Rosenblatt Securities lifted their price objective on shares of Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday. Thirty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $198.94.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded up $0.42 during midday trading on Friday, hitting $191.24. The company had a trading volume of 9,281,052 shares, compared to its average volume of 5,549,686. Datadog has a 12-month low of $81.63 and a 12-month high of $194.87. The company has a fifty day moving average of $148.78 and a two-hundred day moving average of $133.91. The company has a market cap of $66.69 billion, a price-to-earnings ratio of 546.42, a PEG ratio of 60.64 and a beta of 1.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43.

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

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 55,352 shares of the business’s 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 owned 438,885 shares in the company, valued at approximately $58,735,979.55. The trade was a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 63,939 shares of the company’s stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the sale, the chief executive officer directly owned 533,358 shares in the company, valued at approximately $88,014,737.16. The trade was a 10.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,510,236 shares of company stock valued at $207,339,763 in the last 90 days. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Datadog by 30.3% during the third quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after purchasing an additional 9,748,738 shares during the period. Baillie Gifford & Co. increased its position in shares of Datadog by 12.6% during the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock valued at $1,217,769,000 after purchasing an additional 1,369,522 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Datadog by 259.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock valued at $858,994,000 after purchasing an additional 6,250,942 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Datadog by 23.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock valued at $667,611,000 after buying an additional 1,261,065 shares during the period. Finally, Brown Advisory Inc. lifted its position in Datadog by 23.3% in the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock worth $803,793,000 after buying an additional 1,130,675 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

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.