Datadog, Inc. (NASDAQ:DDOG) Receives $207.38 Consensus Price Target from Analysts

Shares of Datadog, Inc. (NASDAQ:DDOG) have received a consensus rating of “Moderate Buy” from the thirty-eight analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirty-two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $208.7632.

A number of research firms recently weighed in on DDOG. Rosenblatt Securities upped their target price on shares of Datadog from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. KeyCorp raised shares of Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 price objective on the stock in a research report on Friday, November 7th. Mizuho set a $215.00 price objective on shares of Datadog in a research report on Friday, November 7th. Truist Financial boosted their target price on shares of Datadog from $140.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Finally, Wells Fargo & Company raised their price target on Datadog from $190.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, November 7th.

Datadog Stock Down 2.6%

Shares of NASDAQ DDOG opened at $146.00 on Thursday. The stock has a market cap of $51.20 billion, a P/E ratio of 470.97, a PEG ratio of 31.89 and a beta of 1.23. The business’s fifty day simple moving average is $162.96 and its 200-day simple moving average is $144.65. Datadog has a 12-month low of $81.63 and a 12-month high of $201.69. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29.

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

Insider Buying and Selling at Datadog

In other news, CFO David M. Obstler sold 12,513 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total transaction of $1,984,561.80. Following the completion of the sale, the chief financial officer owned 374,138 shares in the company, valued at approximately $59,338,286.80. The trade was a 3.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Adam Blitzer sold 8,023 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $154.61, for a total transaction of $1,240,436.03. Following the completion of the transaction, the chief operating officer owned 165,197 shares of the company’s stock, valued at approximately $25,541,108.17. The trade was a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,404,663 shares of company stock worth $245,102,405. 8.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Datadog

Several institutional investors have recently added to or reduced their stakes in DDOG. Vanguard Group Inc. increased its holdings in shares of Datadog by 30.3% in the third quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after purchasing an additional 9,748,738 shares during the period. State Street Corp grew its position in Datadog by 106.8% in the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after buying an additional 7,091,075 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Datadog by 23.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock valued at $667,611,000 after buying an additional 1,261,065 shares during the period. Brown Advisory Inc. raised its position in Datadog by 23.3% during the 2nd quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock worth $803,793,000 after buying an additional 1,130,675 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Datadog by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 5,827,784 shares of the company’s stock worth $780,727,000 after acquiring an additional 242,273 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.