Datadog (NASDAQ:DDOG) Upgraded at KeyCorp

KeyCorp upgraded shares of Datadog (NASDAQ:DDOG) from a sector weight rating to an overweight rating in a research report sent to investors on Friday, MarketBeat.com reports. The brokerage currently has $230.00 target price on the stock.

A number of other research analysts have also issued reports on DDOG. Weiss Ratings restated a “sell (d+)” rating on shares of Datadog in a report on Wednesday, October 8th. Wells Fargo & Company initiated coverage on shares of Datadog in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $190.00 price objective for the company. Guggenheim set a $105.00 target price on shares of Datadog in a research report on Thursday. Cantor Fitzgerald raised their target price on shares of Datadog from $171.00 to $179.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, Stifel Nicolaus set a $205.00 target price on shares of Datadog in a research note on Thursday. Thirty 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. According to MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and an average price target of $203.42.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $191.24 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.43 and a current ratio of 3.66. The business’s fifty day moving average price is $149.87 and its two-hundred day moving average price is $135.21. The stock has a market cap of $66.69 billion, a PE ratio of 616.90, a price-to-earnings-growth ratio of 54.29 and a beta of 1.20. Datadog has a one year low of $81.63 and a one year 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, beating the consensus estimate of $0.45 by $0.10. The business 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 business’s revenue was up 28.4% on a year-over-year basis. During the same period in the prior 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. On average, analysts forecast that Datadog will post 0.34 EPS for the current fiscal year.

Insider Activity

In other news, Director Amit Agarwal sold 45,444 shares of the company’s stock in a transaction 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 sale, the director directly 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 filing with the SEC, which is available at this link. Also, Director Matthew Jacobson sold 575,863 shares of Datadog stock in a transaction on 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. The trade was a 72.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,477,313 shares of company stock valued at $203,047,262 in the last ninety days. 8.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Datadog

Large investors have recently modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of Datadog in the 4th quarter valued at about $209,000. Bison Wealth LLC purchased a new position in Datadog in the fourth quarter valued at approximately $228,000. OneDigital Investment Advisors LLC lifted its position in Datadog by 31.7% during the first quarter. OneDigital Investment Advisors LLC now owns 3,338 shares of the company’s stock valued at $331,000 after buying an additional 803 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Datadog by 24.7% during the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company’s stock valued at $78,112,000 after buying an additional 156,152 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock worth $30,000 after buying an additional 154 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

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.