Datadog (NASDAQ:DDOG) Price Target Raised to $221.00

Datadog (NASDAQ:DDOG) had its price objective increased by BTIG Research from $184.00 to $221.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. CIBC started coverage on shares of Datadog in a research note on Monday, November 3rd. They issued a “neutral” rating and a $170.00 price objective on the stock. Barclays set a $170.00 price target on shares of Datadog and gave the company an “overweight” rating in a report on Thursday, August 7th. Oppenheimer lifted their price objective on Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. BMO Capital Markets upped their target price on Datadog from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, Mizuho increased their target price on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Twenty-nine equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $201.89.

Datadog Stock Performance

NASDAQ DDOG opened at $191.24 on Thursday. Datadog has a 1-year low of $81.63 and a 1-year high of $194.87. The company has a market capitalization of $66.69 billion, a P/E ratio of 616.90, a PEG ratio of 74.82 and a beta of 1.20. The business has a 50 day moving average price of $149.87 and a 200 day moving average price of $134.92. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG) last posted its 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 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%.Datadog’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period in the previous year, the business 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. Sell-side analysts expect that Datadog will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Olivier Pomel sold 63,939 shares of the firm’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the sale, the chief executive officer owned 533,358 shares in the company, valued at $88,014,737.16. This trade represents a 10.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael James Callahan sold 91,667 shares of Datadog stock in a transaction on Monday, October 6th. The shares were sold at an average price of $157.60, for a total value of $14,446,719.20. Following the completion of the sale, the director directly owned 12,496 shares of the company’s stock, valued at approximately $1,969,369.60. This represents a 88.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,510,236 shares of company stock worth $207,339,763 in the last three months. 8.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Motley Fool Asset Management LLC increased its position in Datadog by 149.0% during the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock worth $3,783,000 after purchasing an additional 22,818 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Datadog by 24.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company’s stock worth $78,112,000 after buying an additional 156,152 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Datadog by 178.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock worth $9,032,000 after buying an additional 58,369 shares during the last quarter. Mizuho Markets Americas LLC purchased a new position in shares of Datadog in the 1st quarter worth $15,526,000. Finally, Slow Capital Inc. raised its position in shares of Datadog by 124.0% in the 1st quarter. Slow Capital Inc. now owns 60,223 shares of the company’s stock worth $5,975,000 after buying an additional 33,332 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.