Barclays Forecasts Strong Price Appreciation for Datadog (NASDAQ:DDOG) Stock

Datadog (NASDAQ:DDOG) had its target price upped by equities research analysts at Barclays from $170.00 to $215.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 12.42% from the company’s current price.

DDOG has been the topic of a number of other reports. UBS Group boosted their target price on shares of Datadog from $165.00 to $189.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Wells Fargo & Company began coverage on shares of Datadog in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $190.00 price objective for the company. Citigroup upped their target price on shares of Datadog from $165.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 18th. Oppenheimer raised their target price on shares of Datadog from $165.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Truist Financial boosted their price target on Datadog from $140.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday. Twenty-nine 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, Datadog currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.89.

Datadog Price Performance

NASDAQ:DDOG opened at $191.24 on Friday. Datadog has a 52-week low of $81.63 and a 52-week high of $194.87. The company has a market cap of $66.69 billion, a P/E ratio of 616.90, a P/E/G ratio of 74.82 and a beta of 1.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.43 and a current ratio of 3.66. The stock’s 50-day simple moving average is $149.87 and its 200 day simple moving average is $134.92.

Datadog (NASDAQ:DDOG) last issued its quarterly 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 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%.The business’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. 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, sell-side analysts forecast that Datadog will post 0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Amit Agarwal sold 45,444 shares of the company’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 value of $6,820,235.52. Following the transaction, the director owned 1,640 shares of the company’s stock, valued at approximately $246,131.20. This represents a 96.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew Jacobson sold 575,863 shares of Datadog stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total value of $73,111,566.48. Following the sale, the director directly owned 219,831 shares of the company’s stock, valued at approximately $27,909,743.76. The trade was a 72.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,510,236 shares of company stock worth $207,339,763 in the last 90 days. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock worth $25,000 after buying an additional 22,646 shares in the last quarter. Rothschild Investment LLC increased its position in Datadog by 126.6% during the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the period. Physician Wealth Advisors Inc. increased its position in Datadog by 315.2% during the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after acquiring an additional 145 shares during the period. Westside Investment Management Inc. raised its stake in Datadog by 74.3% in the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Finally, Tripletail Wealth Management LLC bought a new stake in Datadog in the 3rd quarter valued at about $28,000. 78.29% of the stock is owned by institutional investors and hedge funds.

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.