Datadog (NASDAQ:DDOG) Given New $220.00 Price Target at Macquarie

Datadog (NASDAQ:DDOG) had its price target lifted by Macquarie from $175.00 to $220.00 in a research note released on Friday,MarketScreener reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently commented on the company. DA Davidson upped their price objective on Datadog from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Jefferies Financial Group boosted their target price on Datadog from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday. Cantor Fitzgerald increased their price target on shares of Datadog from $171.00 to $179.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Morgan Stanley lifted their price objective on shares of Datadog from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Evercore ISI upped their target price on shares of Datadog from $170.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday. Twenty-nine analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $201.89.

Datadog Trading Up 0.2%

NASDAQ DDOG traded up $0.42 during trading hours on Friday, hitting $191.24. The company’s stock had a trading volume of 9,282,929 shares, compared to its average volume of 4,210,942. Datadog has a twelve month low of $81.63 and a twelve month high of $194.87. The firm has a market capitalization of $66.69 billion, a P/E ratio of 616.90, a PEG ratio of 74.66 and a beta of 1.20. The company has a quick ratio of 3.43, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average of $149.87 and a 200 day moving average of $134.62.

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

Insider Buying and Selling at Datadog

In other news, Director Shardul Shah sold 7,916 shares of the stock in a transaction on Monday, October 13th. The shares were sold at an average price of $162.58, for a total transaction of $1,286,983.28. Following the completion of the sale, the director owned 364,449 shares of the company’s stock, valued at $59,252,118.42. This represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 41,468 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $150.94, for a total transaction of $6,259,179.92. Following the sale, the chief technology officer owned 438,885 shares in the company, valued at approximately $66,245,301.90. The trade was a 8.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,510,236 shares of company stock worth $207,339,763 in the last quarter. Company insiders own 8.70% of the company’s stock.

Institutional Trading of Datadog

Several hedge funds and other institutional investors have recently modified their holdings of DDOG. Vanguard Group Inc. boosted its position in shares of Datadog by 30.3% during the third quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock worth $5,966,877,000 after buying an additional 9,748,738 shares during the period. Baillie Gifford & Co. lifted its stake in Datadog by 12.6% in the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock valued at $1,217,769,000 after acquiring an additional 1,369,522 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Datadog by 259.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock valued at $858,994,000 after acquiring an additional 6,250,942 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Datadog by 23.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock worth $667,611,000 after acquiring an additional 1,261,065 shares during the last quarter. Finally, Brown Advisory Inc. grew its stake in shares of 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 acquiring an additional 1,130,675 shares in the last quarter. 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.