Citigroup Issues Positive Forecast for Datadog (NASDAQ:DDOG) Stock Price

Datadog (NASDAQ:DDOG) had its target price raised by investment analysts at Citigroup from $170.00 to $230.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 15.42% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Cowen restated a “buy” rating on shares of Datadog in a research note on Thursday, November 6th. Morgan Stanley boosted their price objective on shares of Datadog from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Guggenheim set a $105.00 price objective on shares of Datadog in a research report on Thursday, November 6th. Bank of America lifted their target price on shares of Datadog from $180.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, BTIG Research increased their price target on shares of Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Thirty-one equities research 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.com, Datadog has an average rating of “Moderate Buy” and a consensus target price of $207.38.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $199.28 on Wednesday. Datadog has a one year low of $81.63 and a one year high of $201.69. The stock has a market capitalization of $69.50 billion, a price-to-earnings ratio of 643.55, a PEG ratio of 56.96 and a beta of 1.20. The company has a 50-day simple moving average of $152.40 and a 200-day simple moving average of $136.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.43 and a current ratio of 3.66.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.10. The firm had revenue of $885.65 million for 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 firm’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, analysts predict that Datadog will post 0.34 EPS for the current year.

Insider Buying and Selling

In other news, Director Matthew Jacobson sold 575,863 shares of Datadog stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the completion of the sale, the director directly owned 219,831 shares in the company, valued at approximately $27,909,743.76. This trade represents a 72.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael James Callahan sold 91,667 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $157.60, for a total value of $14,446,719.20. Following the completion of the sale, the director owned 12,496 shares in the company, valued at approximately $1,969,369.60. This represents a 88.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,489,813 shares of company stock valued at $205,390,637 in the last 90 days. 8.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Datadog

A number of institutional investors have recently modified their holdings of DDOG. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Datadog by 887.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock worth $25,000 after purchasing an additional 22,646 shares during the period. Rothschild Investment LLC boosted its stake in Datadog by 126.6% in the 3rd quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. Physician Wealth Advisors Inc. boosted its stake in Datadog by 315.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after buying an additional 145 shares during the last quarter. Westside Investment Management Inc. increased its stake in shares of Datadog by 74.3% during the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Finally, Tripletail Wealth Management LLC acquired a new position in shares of Datadog during the 3rd quarter valued at about $28,000. 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.