Jefferies Financial Group Forecasts Strong Price Appreciation for Datadog (NASDAQ:DDOG) Stock

Datadog (NASDAQ:DDOG) had its price objective upped by Jefferies Financial Group from $160.00 to $190.00 in a research note issued on Tuesday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 18.74% from the company’s current price.

DDOG has been the subject of a number of other reports. Monness Crespi & Hardt increased their target price on Datadog from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Mizuho upped their price target on Datadog from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Wells Fargo & Company assumed coverage on Datadog in a report on Tuesday, September 30th. They set an “overweight” rating and a $190.00 price objective for the company. Stifel Nicolaus boosted their target price on shares of Datadog from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Thursday, June 26th. Finally, Barclays set a $170.00 target price on shares of Datadog and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Twenty-four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.54.

Datadog Trading Down 0.5%

Shares of Datadog stock opened at $160.02 on Tuesday. The firm has a market capitalization of $55.81 billion, a PE ratio of 457.21, a price-to-earnings-growth ratio of 62.94 and a beta of 1.21. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The company’s fifty day moving average price is $139.58 and its two-hundred day moving average price is $126.40. Datadog has a 52-week low of $81.63 and a 52-week high of $170.08.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The company had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, analysts expect that Datadog will post 0.34 EPS for the current year.

Insider Activity at Datadog

In other news, Director Michael James Callahan sold 91,667 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $157.60, for a total value of $14,446,719.20. Following the transaction, the director owned 12,496 shares of the company’s stock, valued at $1,969,369.60. This represents a 88.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction on Monday, October 13th. The stock was sold at an average price of $162.58, for a total value of $1,286,983.28. Following the sale, the director directly owned 364,449 shares of the company’s stock, valued at approximately $59,252,118.42. This trade represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,482,899 shares of company stock worth $201,566,868 over the last 90 days. Insiders own 8.70% of the company’s stock.

Institutional Trading of Datadog

A number of hedge funds have recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Datadog by 887.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock valued at $25,000 after purchasing an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC increased its position in shares of Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after buying an additional 154 shares in the last quarter. Costello Asset Management INC acquired a new stake in Datadog during the 1st quarter worth $30,000. Center for Financial Planning Inc. lifted its holdings in Datadog by 1,189.7% during the first quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock worth $37,000 after acquiring an additional 345 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in Datadog in the first quarter valued at about $37,000. 78.29% of the stock is currently 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.