Datadog (NASDAQ:DDOG) Price Target Raised to $230.00

Datadog (NASDAQ:DDOG) had its price target lifted by stock analysts at Wells Fargo & Company from $190.00 to $230.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 20.31% from the company’s current price.

Several other equities analysts also recently commented on the stock. Cowen reiterated a “buy” rating on shares of Datadog in a report on Thursday. Truist Financial boosted their target price on Datadog from $140.00 to $195.00 and gave the company a “hold” rating in a research report on Friday. Mizuho set a $215.00 price target on Datadog in a report on Friday. Cantor Fitzgerald raised their price target on Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Morgan Stanley boosted their price objective on Datadog from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday. Thirty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.03.

Datadog Trading Up 0.2%

NASDAQ:DDOG traded up $0.36 during midday trading on Friday, hitting $191.18. 7,463,401 shares of the company traded hands, compared to its average volume of 5,539,521. The firm has a market capitalization of $66.67 billion, a P/E ratio of 546.23, a P/E/G ratio of 60.64 and a beta of 1.20. The firm’s fifty day moving average is $148.78 and its 200-day moving average is $133.91. Datadog has a 12-month low of $81.63 and a 12-month high of $194.87. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.45 by $0.10. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. During the same period in the previous year, the firm earned $0.46 earnings per share. Datadog’s quarterly revenue 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. On average, sell-side analysts predict that Datadog will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, Director Michael James Callahan sold 8,333 shares of the company’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $160.55, for a total value of $1,337,863.15. Following the completion of the sale, the director directly owned 12,496 shares in the company, valued at approximately $2,006,232.80. This represents a 40.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the firm’s 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 approximately $59,252,118.42. This represents a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,510,236 shares of company stock worth $207,339,763 over the last quarter. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Datadog

Several large investors have recently modified their holdings of the business. Westside Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 75 shares in the last quarter. Rothschild Investment LLC raised its stake in Datadog by 126.6% in the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Tripletail Wealth Management LLC purchased a new stake in Datadog during the third quarter worth $28,000. Physician Wealth Advisors Inc. boosted its position in Datadog by 315.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $27,000 after acquiring an additional 145 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. bought a new stake in Datadog during the 3rd quarter valued at $28,000. 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.