Royal Bank Of Canada Raises Datadog (NASDAQ:DDOG) Price Target to $216.00

Datadog (NASDAQ:DDOG) had its price target raised by Royal Bank Of Canada from $182.00 to $216.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 12.95% from the company’s current price.

A number of other equities analysts have also commented on the company. The Goldman Sachs Group lifted their price objective on Datadog from $165.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday. Guggenheim set a $105.00 price target on shares of Datadog in a report on Thursday. DA Davidson upped their price objective on shares of Datadog from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird set a $165.00 price objective on shares of Datadog in a research report on Wednesday, October 29th. Finally, UBS Group lifted their target price on shares of Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday. Twenty-nine 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $201.89.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $191.24 on Friday. The firm has a market cap of $66.69 billion, a PE ratio of 616.90, a price-to-earnings-growth ratio of 74.82 and a beta of 1.20. The firm’s fifty day moving average is $149.87 and its 200-day moving average is $134.92. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.43 and a current ratio of 3.66. Datadog has a 52 week low of $81.63 and a 52 week high of $194.87.

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

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 63,939 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 533,358 shares in the company, valued at approximately $88,014,737.16. This represents a 10.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matthew Jacobson sold 575,863 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total value of $73,111,566.48. Following the completion of the sale, the director owned 219,831 shares of the company’s stock, valued at approximately $27,909,743.76. This represents 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. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in Datadog in the fourth quarter valued at approximately $209,000. Bison Wealth LLC bought a new position in shares of Datadog in the 4th quarter worth $228,000. OneDigital Investment Advisors LLC grew its position in Datadog by 31.7% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,338 shares of the company’s stock valued at $331,000 after purchasing an additional 803 shares during the period. Envestnet Asset Management Inc. grew its position in Datadog by 24.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company’s stock valued at $78,112,000 after purchasing an additional 156,152 shares during the period. Finally, Cornerstone Planning Group LLC increased its stake in Datadog by 96.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. 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.