Datadog (NASDAQ:DDOG) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Datadog (NASDAQ:DDOG) had its price objective increased by research analysts at Robert W. Baird from $165.00 to $220.00 in a report released on Friday,MarketScreener reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 15.04% from the company’s current price.

A number of other analysts have also recently weighed in on the company. Needham & Company LLC raised their target price on shares of Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday. Capital One Financial lifted their price objective on Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. Sanford C. Bernstein lifted their price target on Datadog from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday. Evercore ISI lifted their price objective on shares of Datadog from $170.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday. Finally, BTIG Research increased their target price on shares of Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a report on Thursday. Thirty research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $203.42.

Datadog Stock Up 0.2%

NASDAQ:DDOG traded up $0.42 during midday trading on Friday, hitting $191.24. 9,282,929 shares of the company were exchanged, compared to its average volume of 4,210,942. The company has a market capitalization of $66.69 billion, a PE ratio of 616.90, a price-to-earnings-growth ratio of 74.82 and a beta of 1.20. The company has a current ratio of 3.66, a quick ratio of 3.43 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $149.87 and a 200 day simple moving average of $134.92. Datadog has a fifty-two week low of $81.63 and a fifty-two week high of $194.87.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The business had revenue of $885.65 million during 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 business’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same period in the prior year, the company posted $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. As a group, equities analysts anticipate that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other news, Director Matthew Jacobson sold 575,863 shares of Datadog stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total value of $73,111,566.48. Following the completion of the transaction, the director owned 219,831 shares in the company, valued at $27,909,743.76. This trade represents a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Olivier Pomel sold 63,939 shares of the business’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $165.02, for a total value of $10,551,213.78. Following the transaction, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $88,014,737.16. The trade was a 10.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,510,236 shares of company stock worth $207,339,763. 8.70% of the stock is owned by insiders.

Institutional Trading of Datadog

Hedge funds and other institutional investors have recently bought and sold shares of the stock. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of 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 acquiring an additional 22,646 shares during the period. Rothschild Investment LLC increased its holdings in Datadog by 126.6% during the 3rd quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in Datadog by 315.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after buying an additional 145 shares during the period. Westside Investment Management Inc. lifted its position in shares of Datadog by 74.3% in the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after purchasing an additional 75 shares during the period. Finally, Tripletail Wealth Management LLC bought a new position in Datadog in the third quarter worth about $28,000. Institutional investors 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.