Datadog (NASDAQ:DDOG) Price Target Raised to $210.00

Datadog (NASDAQ:DDOG) had its price target boosted by stock analysts at BNP Paribas Exane from $160.00 to $210.00 in a research report issued to clients and investors on Friday,MarketScreener reports. BNP Paribas Exane’s price target points to a potential upside of 9.81% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets increased their price objective on Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday. TD Cowen lifted their price target on Datadog from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. BTIG Research upped their price objective on shares of Datadog from $184.00 to $221.00 and gave the company a “buy” rating in a research note on Thursday. Capital One Financial lifted their target price on shares of Datadog from $149.00 to $179.00 in a research report on Thursday, October 16th. Finally, Wells Fargo & Company increased their target price on Datadog from $190.00 to $230.00 and gave the company an “overweight” rating in a report on Friday. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $201.89.

Datadog Trading Up 0.2%

Shares of NASDAQ:DDOG opened at $191.24 on Friday. Datadog has a twelve month low of $81.63 and a twelve month high of $194.87. The firm has a market cap of $66.69 billion, a P/E ratio of 616.90, a P/E/G ratio of 74.66 and a beta of 1.20. The company 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.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The company had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. During the same quarter last year, the firm posted $0.46 EPS. The business’s revenue for the quarter 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. As a group, analysts anticipate that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Alexis Le-Quoc sold 41,468 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $150.94, for a total transaction of $6,259,179.92. Following the completion of the sale, the chief technology officer directly owned 438,885 shares of the company’s stock, valued at approximately $66,245,301.90. This represents a 8.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amit Agarwal sold 45,444 shares of the business’s stock in a transaction 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 represents a 96.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,510,236 shares of company stock valued at $207,339,763. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Datadog

Hedge funds and other institutional investors have recently modified their holdings of the stock. Westside Investment Management Inc. boosted its holdings in 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 period. Rothschild Investment LLC lifted its stake in shares of Datadog by 126.6% in the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the period. Tripletail Wealth Management LLC acquired a new stake in Datadog during the third quarter worth about $28,000. Physician Wealth Advisors Inc. raised its holdings in 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 acquiring an additional 145 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new position in Datadog in the 3rd quarter valued at approximately $28,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.