Datadog (NASDAQ:DDOG) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Datadog (NASDAQ:DDOG) from a hold rating to a buy rating in a research report report published on Saturday.

A number of other brokerages have also issued reports on DDOG. Morgan Stanley lifted their target price on Datadog from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Needham & Company LLC lifted their price target on Datadog from $175.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Raymond James Financial increased their target price on shares of Datadog from $170.00 to $205.00 in a report on Thursday, November 6th. Oppenheimer upped their price target on shares of Datadog from $165.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, JPMorgan Chase & Co. upped their price target on Datadog from $140.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Thirty-one 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $207.38.

Datadog Price Performance

DDOG traded down $0.96 on Friday, reaching $185.01. 3,849,959 shares of the company’s stock were exchanged, compared to its average volume of 4,808,642. The stock’s fifty day moving average price is $155.62 and its 200-day moving average price is $138.14. Datadog has a twelve month low of $81.63 and a twelve month high of $201.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.43. The stock has a market cap of $64.88 billion, a PE ratio of 596.81, a P/E/G ratio of 42.00 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.10. The company had revenue of $885.65 million during 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 firm’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. Sell-side analysts expect that Datadog will post 0.34 EPS for the current year.

Insiders Place Their Bets

In other Datadog 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 sale, the director directly owned 12,496 shares of the company’s stock, valued at approximately $1,969,369.60. This represents a 88.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Olivier Pomel sold 63,939 shares of Datadog stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the transaction, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $88,014,737.16. The trade was a 10.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,979,841 shares of company stock valued at $303,130,605. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Datadog

Institutional investors have recently added to or reduced their stakes in the company. Westside Investment Management Inc. raised its stake in Datadog by 74.3% during the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Rothschild Investment LLC increased its position in shares of Datadog by 126.6% during the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Tripletail Wealth Management LLC acquired a new stake in Datadog during the third quarter worth approximately $28,000. Physician Wealth Advisors Inc. raised its holdings in shares of Datadog by 315.2% during the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after acquiring an additional 145 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Datadog in the third quarter valued at about $28,000. 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.