Datadog (NASDAQ:DDOG) Price Target Raised to $225.00 at DA Davidson

Datadog (NASDAQ:DDOG) had its price target hoisted by DA Davidson from $180.00 to $225.00 in a research report released on Friday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

DDOG has been the topic of a number of other reports. UBS Group boosted their target price on shares of Datadog from $165.00 to $189.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Capital One Financial lifted their price target on shares of Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. Raymond James Financial increased their price objective on Datadog from $170.00 to $205.00 in a report on Thursday. Cantor Fitzgerald raised their target price on Datadog from $171.00 to $179.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, Citigroup upped their price target on Datadog from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Twenty-nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $201.89.

Datadog Price Performance

DDOG traded up $0.42 on Friday, reaching $191.24. The stock had a trading volume of 9,282,929 shares, compared to its average volume of 4,210,942. Datadog has a fifty-two week low of $81.63 and a fifty-two week high of $194.87. The firm has a 50-day moving average of $149.87 and a 200-day moving average of $134.62. 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 market capitalization of $66.69 billion, a price-to-earnings ratio of 616.90, a price-to-earnings-growth ratio of 74.66 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. The firm had revenue of $885.65 million for 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% on a year-over-year basis. During the same period last year, the firm posted $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. As a group, sell-side analysts anticipate that Datadog will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

In related news, Director Amit Agarwal sold 45,444 shares of the company’s stock in a transaction dated 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 sale, the director owned 1,640 shares in the company, valued at $246,131.20. This represents a 96.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Alexis Le-Quoc sold 41,468 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $150.94, for a total value of $6,259,179.92. Following the sale, the chief technology officer directly owned 438,885 shares of the company’s stock, valued at $66,245,301.90. This represents a 8.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,510,236 shares of company stock valued at $207,339,763. 8.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Datadog

A number of institutional investors and hedge funds have recently modified their holdings of DDOG. Brighton Jones LLC bought a new stake in shares of Datadog in the 4th quarter valued at $209,000. Bison Wealth LLC acquired a new stake in Datadog in the fourth quarter worth $228,000. OneDigital Investment Advisors LLC increased its stake in Datadog by 31.7% in the first quarter. OneDigital Investment Advisors LLC now owns 3,338 shares of the company’s stock valued at $331,000 after purchasing an additional 803 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of 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 purchasing an additional 156,152 shares during the period. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares during the period. 78.29% of the stock is currently owned by institutional investors.

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.