Datadog (NASDAQ:DDOG) Given New $170.00 Price Target at Mizuho

Datadog (NASDAQ:DDOG) had its target price lifted by Mizuho from $155.00 to $170.00 in a research note published on Friday,MarketScreener reports. Mizuho currently has an outperform rating on the stock.

A number of other equities research analysts also recently commented on DDOG. Citigroup raised their price objective on shares of Datadog from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Stifel Nicolaus increased their target price on shares of Datadog from $120.00 to $135.00 and gave the company a “hold” rating in a report on Thursday, June 26th. Canaccord Genuity Group increased their target price on shares of Datadog from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 8th. Bank of America increased their target price on shares of Datadog from $150.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, Capital One Financial increased their target price on shares of Datadog from $149.00 to $179.00 in a report on Thursday. Twenty-six analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $162.37.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $152.87 on Friday. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The company has a market cap of $53.31 billion, a P/E ratio of 436.78, a PEG ratio of 59.15 and a beta of 1.21. Datadog has a 52 week low of $81.63 and a 52 week high of $170.08. The company has a 50-day moving average price of $140.31 and a 200 day moving average price of $127.11.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm’s revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Research analysts predict that Datadog will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other news, Director Michael James Callahan sold 91,667 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the completion of the transaction, the director directly owned 12,496 shares of the company’s stock, valued at $1,969,369.60. This trade represents a 88.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amit Agarwal sold 45,444 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the transaction, the director directly owned 1,640 shares of the company’s stock, valued at approximately $246,131.20. This trade represents a 96.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,491,232 shares of company stock worth $202,904,731. 8.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. OVERSEA CHINESE BANKING Corp Ltd grew its stake in Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock worth $25,000 after acquiring an additional 22,646 shares during the period. Cornerstone Planning Group LLC raised its holdings in Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after acquiring an additional 154 shares during the last quarter. Costello Asset Management INC acquired a new position in Datadog in the 1st quarter valued at $30,000. Center for Financial Planning Inc. raised its holdings in Datadog by 1,189.7% in the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock valued at $37,000 after acquiring an additional 345 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in Datadog in the 1st quarter valued at $39,000. 78.29% of the stock is 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.