Datadog (NASDAQ:DDOG) Raised to “Buy” at Wall Street Zen

Datadog (NASDAQ:DDOG) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other brokerages have also recently issued reports on DDOG. Evercore ISI lifted their target price on shares of Datadog from $170.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Oppenheimer raised their price target on shares of Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Scotiabank upped their price objective on shares of Datadog from $150.00 to $217.00 and gave the company a “sector outperform” rating in a research note on Friday, November 7th. Guggenheim set a $105.00 price objective on shares of Datadog in a report on Thursday, November 6th. Finally, Wolfe Research raised their target price on shares of Datadog from $175.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Thirty-one 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $207.38.

Datadog Stock Down 0.5%

DDOG opened at $185.01 on Friday. The company has a market cap of $64.88 billion, a PE ratio of 596.81, a price-to-earnings-growth ratio of 42.00 and a beta of 1.20. Datadog has a twelve month low of $81.63 and a twelve month high of $201.69. The company has a 50-day moving average price of $155.62 and a 200 day moving average price of $138.39. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.45 by $0.10. The company 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%.Datadog’s quarterly revenue was up 28.4% on a year-over-year basis. During the same period in the previous year, the business 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. Sell-side analysts expect that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In other Datadog news, Director Matthew Jacobson sold 31,810 shares of Datadog stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $200.14, for a total value of $6,366,453.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction 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 transaction, the director owned 364,449 shares of the company’s stock, valued at approximately $59,252,118.42. This represents a 2.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,979,841 shares of company stock worth $303,130,605. 8.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Westside Investment Management Inc. raised its stake in shares of Datadog by 74.3% in the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after acquiring an additional 75 shares during the period. Rothschild Investment LLC increased its holdings in Datadog by 126.6% in 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 last quarter. Tripletail Wealth Management LLC acquired a new stake in Datadog in the 3rd quarter valued at approximately $28,000. Physician Wealth Advisors Inc. raised its position in Datadog by 315.2% in the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 145 shares during the period. Finally, Hazlett Burt & Watson Inc. acquired a new position in Datadog during the third quarter worth $28,000. Institutional investors and hedge funds 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.