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

Datadog (NASDAQ:DDOG) had its price objective increased by The Goldman Sachs Group from $165.00 to $225.00 in a research note published on Friday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird set a $165.00 target price on shares of Datadog in a report on Wednesday, October 29th. Mizuho set a $215.00 price objective on shares of Datadog in a research note on Friday. UBS Group raised their target price on shares of Datadog from $189.00 to $225.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley upped their price target on shares of Datadog from $165.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Cowen reissued a “buy” rating on shares of Datadog in a report on Thursday. Thirty investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and an average price target of $203.42.

Datadog Stock Up 0.2%

NASDAQ DDOG opened at $191.24 on Friday. The business has a fifty day moving average price of $149.87 and a two-hundred day moving average price of $135.21. The stock has a market capitalization of $66.69 billion, a PE ratio of 616.90, a PEG ratio of 54.29 and a beta of 1.20. Datadog has a fifty-two week low of $81.63 and a fifty-two week high of $194.87. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The company had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter in the previous year, the firm earned $0.46 EPS. Datadog’s revenue was up 28.4% on a year-over-year basis. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. Equities analysts expect that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Activity at Datadog

In related news, CEO Olivier Pomel sold 63,939 shares of the firm’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the completion of the transaction, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at $88,014,737.16. This trade represents a 10.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amit Agarwal sold 45,444 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total value of $6,820,235.52. Following the completion of the sale, the director owned 1,640 shares in the company, valued at $246,131.20. This trade represents a 96.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,477,313 shares of company stock valued at $203,047,262 in the last quarter. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Datadog

A number of hedge funds have recently made changes to their positions in the stock. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in 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 last quarter. Rothschild Investment LLC lifted its position in shares of Datadog by 126.6% in the 3rd quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Physician Wealth Advisors Inc. boosted its stake in shares of Datadog by 315.2% in the 3rd 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 last quarter. Westside Investment Management Inc. boosted 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 purchasing an additional 75 shares during the last quarter. Finally, Tripletail Wealth Management LLC acquired a new stake in shares of Datadog during the third quarter worth $28,000. 78.29% of the stock is currently owned by 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.