Robert W. Baird Issues Positive Forecast for Datadog (NASDAQ:DDOG) Stock Price

Datadog (NASDAQ:DDOG) had its target price lifted by equities research analysts at Robert W. Baird from $165.00 to $220.00 in a research report issued on Friday,MarketScreener reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s target price points to a potential upside of 15.04% from the stock’s previous close.

A number of other analysts have also weighed in on the company. Monness Crespi & Hardt upped their price objective on Datadog from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Citigroup raised their price target on Datadog from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, August 18th. TD Cowen boosted their price objective on shares of Datadog from $180.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company boosted their price target on shares of Datadog from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Evercore ISI lifted their target price on Datadog from $170.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday. Thirty research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and an average price target of $203.42.

Datadog Stock Up 0.2%

DDOG stock opened at $191.24 on Friday. The firm has a 50-day moving average of $149.87 and a two-hundred day moving average of $134.92. 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 company has a market cap of $66.69 billion, a price-to-earnings ratio of 616.90, a PEG ratio of 74.82 and a beta of 1.20. Datadog has a 12 month low of $81.63 and a 12 month high of $194.87.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. The company had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. Datadog’s revenue was up 28.4% on a year-over-year basis. During the same period in the previous year, the business posted $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. As a group, analysts forecast that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In other Datadog news, CEO Olivier Pomel sold 62,682 shares of Datadog stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $163.90, for a total value of $10,273,579.80. Following the completion of the transaction, the chief executive officer owned 533,358 shares of the company’s stock, valued at $87,417,376.20. The trade was a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $162.58, for a total transaction of $1,286,983.28. Following the sale, the director owned 364,449 shares of the company’s stock, valued at approximately $59,252,118.42. The trade was a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,510,236 shares of company stock valued at $207,339,763 over the last three months. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC bought a new position in Datadog in the fourth quarter worth about $209,000. Bison Wealth LLC acquired a new stake in shares of Datadog during the 4th quarter worth approximately $228,000. Alps Advisors Inc. raised its position in shares of Datadog by 24.6% during the 1st quarter. Alps Advisors Inc. now owns 24,452 shares of the company’s stock worth $2,426,000 after purchasing an additional 4,826 shares during the period. Cerity Partners LLC lifted its holdings in shares of Datadog by 128.5% in the 1st quarter. Cerity Partners LLC now owns 90,736 shares of the company’s stock worth $9,002,000 after purchasing an additional 51,032 shares during the last quarter. Finally, Xponance Inc. boosted its position in Datadog by 3.7% during the 1st quarter. Xponance Inc. now owns 58,458 shares of the company’s stock valued at $5,800,000 after purchasing an additional 2,095 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

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.