Datadog (NASDAQ:DDOG) Given New $215.00 Price Target at BMO Capital Markets

Datadog (NASDAQ:DDOG) had its price objective hoisted by BMO Capital Markets from $154.00 to $215.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

DDOG has been the subject of a number of other reports. Canaccord Genuity Group boosted their price target on Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a report on Monday. TD Cowen boosted their target price on shares of Datadog from $175.00 to $180.00 and gave the company a “buy” rating in a research note 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. BTIG Research lifted their price objective on shares of Datadog from $184.00 to $221.00 and gave the company a “buy” rating in a report on Thursday. Finally, Oppenheimer upped their price objective on shares of Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Twenty-nine investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Datadog currently has an average rating of “Moderate Buy” and a consensus target price of $201.89.

Datadog Stock Performance

Shares of Datadog stock traded up $0.42 during trading on Friday, hitting $191.24. 9,282,929 shares of the company’s stock were exchanged, compared to its average volume of 4,210,942. The stock has a market capitalization of $66.69 billion, a price-to-earnings ratio of 616.90, a PEG ratio of 74.66 and a beta of 1.20. The business has a 50-day simple moving average of $149.87 and a 200-day simple moving average of $134.62. Datadog has a 52-week low of $81.63 and a 52-week high of $194.87. 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 (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.10. The company had revenue of $885.65 million for 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%.The firm’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same period last year, the firm earned $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. On average, research analysts forecast that Datadog will post 0.34 EPS for the current year.

Insiders Place Their Bets

In related news, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total value of $6,820,235.52. Following the sale, the director directly owned 1,640 shares in the company, valued at approximately $246,131.20. The trade was a 96.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction that occurred 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 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 is available in the SEC filing. Over the last quarter, insiders have sold 1,510,236 shares of company stock valued at $207,339,763. 8.70% of the stock is owned by company insiders.

Institutional Trading of Datadog

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Datadog by 30.3% in 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 last quarter. Goldman Sachs Group Inc. raised its position in shares of Datadog by 259.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock valued at $858,994,000 after buying an additional 6,250,942 shares during the last quarter. Norges Bank purchased a new position in shares of Datadog in the second quarter worth about $347,728,000. Dragoneer Investment Group LLC lifted its stake in shares of Datadog by 729.5% in the second quarter. Dragoneer Investment Group LLC now owns 2,254,563 shares of the company’s stock worth $302,855,000 after buying an additional 1,982,763 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its position in Datadog by 12.6% during the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock worth $1,217,769,000 after acquiring an additional 1,369,522 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

About Datadog

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.