Datadog, Inc. (NASDAQ:DDOG) Stock Has Consensus Target Price of $287.22 According to Brokerages

Datadog, Inc. (NASDAQ:DDOG) has been assigned an average recommendation of “Moderate Buy” from the forty-four analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, thirty-eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $278.43.

DDOG has been the subject of several recent analyst reports. Royal Bank Of Canada lowered their target price on shares of Datadog from $320.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday. Zacks Research lowered Datadog from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Morgan Stanley increased their price target on Datadog from $225.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. DA Davidson decreased their price objective on Datadog from $315.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Datadog in a research report on Wednesday.

Insiders Place Their Bets

In other Datadog news, CFO David Obstler sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $227.47, for a total value of $9,098,800.00. Following the sale, the chief financial officer directly owned 378,067 shares of the company’s stock, valued at approximately $85,998,900.49. This trade represents a 9.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 89,497 shares of Datadog stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $207.86, for a total value of $18,602,846.42. Following the completion of the sale, the chief executive officer owned 586,416 shares of the company’s stock, valued at $121,892,429.76. This trade represents a 13.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 745,293 shares of company stock valued at $175,536,548. 6.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Datadog

A number of large investors have recently modified their holdings of the company. EMC Capital Management acquired a new stake in Datadog during the 2nd quarter worth approximately $28,000. Cornerstone Financial Management LLC lifted its position in Datadog by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after buying an additional 45 shares in the last quarter. Elevation Wealth Partners LLC lifted its position in Datadog by 2,700.0% during the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock valued at $44,000 after buying an additional 162 shares in the last quarter. Armstrong Advisory Group Inc. acquired a new position in Datadog during the third quarter valued at approximately $46,000. Finally, Planning Strategies Inc. grew its stake in Datadog by 529.6% during the third quarter. Planning Strategies Inc. now owns 170 shares of the company’s stock worth $47,000 after buying an additional 143 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Price Performance

NASDAQ:DDOG opened at $179.04 on Friday. Datadog has a 12-month low of $98.01 and a 12-month high of $300.68. The firm has a market cap of $64.29 billion, a price-to-earnings ratio of 252.17, a price-to-earnings-growth ratio of 17.46 and a beta of 1.50. The company’s 50-day moving average is $247.75 and its two-hundred day moving average is $200.01. The company has a current ratio of 3.51, a quick ratio of 3.20 and a debt-to-equity ratio of 0.21.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.17. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.15 billion. Datadog had a net margin of 6.12% and a return on equity of 7.28%. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. Research analysts expect that Datadog will post 0.72 EPS for the current year.

Key Headlines Impacting Datadog

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Datadog beat Q3 estimates, reporting $1.20 billion in revenue, up 35.2% year over year, and adjusted EPS of $0.81 versus a $0.64 consensus. Infrastructure Monitoring annual recurring revenue also topped $2 billion, with broad-based platform use and AI adoption supporting demand. Article: Datadog’s Infrastructure Monitoring Tops $2B ARR in Q3, Revenues Beat
• Neutral Sentiment: Some analysts still see upside: several firms retained Buy or Overweight ratings even while trimming price targets. One valuation analysis also argues the share price may be supportable by future cash generation, though that depends on expectations for growth and AI demand. Article: Datadog Stock Could Still Be Undervalued As AI Hopes Swing
• Negative Sentiment: Investors remain wary of the outlook: Q4 guidance and customer-related factors signal a potential slowdown from Q3’s growth, while AI-customer discounts and lower-priced renewals may temper revenue growth. The forecast also relies on a minimum commitment from Datadog’s largest customer, adding uncertainty. Article: DDOG Q3 Earnings Call Highlights AI Growth and Customer Renewals
• Negative Sentiment: Multiple firms cut their price targets after the results—including Rosenblatt, TD Cowen, Wells Fargo, Citigroup and Wedbush. Though ratings remained favorable in several reports, the reductions suggest analysts are tempering near-term expectations. Article: Rosenblatt Lowers Datadog Price Target Article: Wedbush Sets New Datadog Price Target

Datadog Company Profile

Datadog, Inc provides a cloud-based monitoring and security platform that helps organizations observe and manage their technology environments. Its tools collect and analyze data from applications, infrastructure, networks, and other systems to help teams detect issues and improve performance.

The company’s products include infrastructure monitoring, application performance monitoring, log management, digital experience monitoring, database and network monitoring, and security tools. Datadog also offers capabilities for incident management and cloud security.

Founded in 2010 by Olivier Pomel and Alexis Lê-Quôc, Datadog serves customers around the world.