Datadog (NASDAQ:DDOG) Stock Price Expected to Rise, BNP Paribas Exane Analyst Says

Datadog (NASDAQ:DDOG) had its price objective boosted by equities research analysts at BNP Paribas Exane from $160.00 to $210.00 in a report released on Friday,MarketScreener reports. BNP Paribas Exane’s target price points to a potential upside of 9.81% from the company’s current price.

Several other brokerages have also weighed in on DDOG. Scotiabank increased their price objective on Datadog from $150.00 to $217.00 and gave the stock a “sector outperform” rating in a research report on Friday. Bank of America boosted their price target on shares of Datadog from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday. Canaccord Genuity Group raised their price objective on shares of Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Monday. The Goldman Sachs Group upped their target price on shares of Datadog from $165.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday. Finally, KeyCorp raised shares of Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 price target for the company in a research report on Friday. Twenty-nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus target price of $201.89.

Datadog Price Performance

DDOG stock opened at $191.24 on Friday. Datadog has a 1 year low of $81.63 and a 1 year high of $194.87. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.43. The firm has a market capitalization of $66.69 billion, a PE ratio of 616.90, a price-to-earnings-growth 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 (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 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 quarter in the previous year, the company 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. Equities research analysts anticipate that Datadog will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Amit Agarwal sold 45,444 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total value of $6,820,235.52. Following the completion of the sale, the director owned 1,640 shares in the company, valued at $246,131.20. This represents a 96.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew Jacobson sold 575,863 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total value of $73,111,566.48. Following the sale, the director directly owned 219,831 shares of the company’s stock, valued at $27,909,743.76. The trade was a 72.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,510,236 shares of company stock worth $207,339,763. 8.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Datadog

Hedge funds have recently made changes to their positions in the business. Motley Fool Asset Management LLC increased its stake in Datadog by 149.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock worth $3,783,000 after buying an additional 22,818 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Datadog by 178.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock worth $9,032,000 after acquiring an additional 58,369 shares in the last quarter. Mizuho Markets Americas LLC purchased a new position in Datadog in the first quarter valued at about $15,526,000. Slow Capital Inc. grew its stake in Datadog by 124.0% during the 1st quarter. Slow Capital Inc. now owns 60,223 shares of the company’s stock valued at $5,975,000 after purchasing an additional 33,332 shares in the last quarter. Finally, Temasek Holdings Private Ltd increased its holdings in Datadog by 585.0% during the 1st quarter. Temasek Holdings Private Ltd now owns 108,827 shares of the company’s stock worth $10,797,000 after purchasing an additional 92,939 shares during the last quarter. Hedge funds and other 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.