Macquarie Issues Positive Forecast for Datadog (NASDAQ:DDOG) Stock Price

Datadog (NASDAQ:DDOG) had its target price upped by analysts at Macquarie from $175.00 to $220.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm currently has an “outperform” rating on the stock. Macquarie’s price objective indicates a potential upside of 15.64% from the stock’s current price.

Several other brokerages have also commented on DDOG. Cowen reissued a “buy” rating on shares of Datadog in a report on Thursday. TD Cowen increased their target price on Datadog from $175.00 to $180.00 and gave the company a “buy” rating in a report on Friday, October 17th. Barclays set a $170.00 price target on shares of Datadog and gave the stock an “overweight” rating in a report on Thursday, August 7th. Jefferies Financial Group upped their target price on Datadog from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday. Finally, Capital One Financial raised their price objective on shares of Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. Thirty research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $197.03.

Datadog Stock Performance

Shares of NASDAQ DDOG traded down $0.57 during midday trading on Friday, hitting $190.25. The company’s stock had a trading volume of 6,357,558 shares, compared to its average volume of 5,534,225. The stock has a fifty day moving average price of $148.78 and a 200 day moving average price of $133.91. 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 has a one year low of $81.63 and a one year high of $194.87. The firm has a market capitalization of $66.35 billion, a price-to-earnings ratio of 543.54, a P/E/G ratio of 60.64 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The firm had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same period last year, the company 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. On average, research analysts forecast that Datadog will post 0.34 EPS for the current fiscal year.

Insider Activity at Datadog

In other news, CTO Alexis Le-Quoc sold 55,352 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total value of $7,407,758.16. Following the transaction, the chief technology officer owned 438,885 shares in the company, valued at $58,735,979.55. This represents a 11.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Amit Agarwal sold 45,444 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the completion of the transaction, the director owned 1,640 shares in the company, valued at $246,131.20. The trade was a 96.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,510,236 shares of company stock valued at $207,339,763 over the last quarter. 8.70% of the stock is owned by company insiders.

Institutional Trading of Datadog

Several hedge funds have recently bought and sold shares of the stock. BBR Partners LLC purchased a new position in shares of Datadog during the 3rd quarter valued at about $543,000. NEOS Investment Management LLC boosted its position in shares of Datadog by 135.7% in the third quarter. NEOS Investment Management LLC now owns 135,208 shares of the company’s stock worth $19,254,000 after purchasing an additional 77,837 shares during the period. Rothschild Investment LLC increased its stake in shares of Datadog by 126.6% in 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. Zions Bancorporation National Association UT increased its stake in shares of Datadog by 193,700.0% in the third quarter. Zions Bancorporation National Association UT now owns 9,690 shares of the company’s stock worth $1,380,000 after purchasing an additional 9,685 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Datadog by 30.3% during the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after purchasing an additional 9,748,738 shares during the period. 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.