Datadog, Inc. (NASDAQ:DDOG) Receives $207.78 Average PT from Analysts

Datadog, Inc. (NASDAQ:DDOG) has earned an average recommendation of “Moderate Buy” from the thirty-nine research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirty-three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $203.8684.

DDOG has been the topic of several research reports. Guggenheim set a $105.00 price objective on shares of Datadog in a research report on Thursday, November 6th. Oppenheimer upped their price objective on Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Truist Financial cut their target price on Datadog from $195.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday. Royal Bank Of Canada reduced their price target on Datadog from $216.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday. Finally, BTIG Research lifted their price objective on shares of Datadog from $184.00 to $221.00 and gave the company a “buy” rating in a report on Thursday, November 6th.

Insider Activity at Datadog

In other news, CEO Olivier Pomel sold 100,754 shares of Datadog stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $181.18, for a total value of $18,254,609.72. Following the completion of the transaction, the chief executive officer owned 533,358 shares of the company’s stock, valued at $96,633,802.44. This trade represents a 15.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Matthew Jacobson sold 404,306 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the transaction, the director owned 12,859 shares in the company, valued at $2,566,656.40. This represents a 96.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,091,237 shares of company stock valued at $195,954,762. 8.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DDOG. Vanguard Group Inc. lifted its holdings in Datadog by 30.3% during the 3rd 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 last quarter. State Street Corp grew its stake 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. Brown Advisory Inc. raised its holdings in Datadog by 23.3% in the 2nd quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock valued at $803,793,000 after acquiring an additional 1,130,675 shares during the period. Geode Capital Management LLC lifted its position in Datadog by 4.3% during the second 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 last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Datadog by 0.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,289,570 shares of the company’s stock worth $610,835,000 after acquiring an additional 40,276 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Stock Up 3.2%

Shares of Datadog stock opened at $141.45 on Monday. The company has a market capitalization of $49.60 billion, a P/E ratio of 456.29, a price-to-earnings-growth ratio of 25.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The business has a 50-day moving average of $155.95 and a two-hundred day moving average of $146.75. Datadog has a 1 year low of $81.63 and a 1 year high of $201.69.

Datadog (NASDAQ:DDOG) last released 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 return on equity of 4.14% and a net margin of 3.32%.The business had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter in the previous year, the business posted $0.46 EPS. Datadog’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 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 year.

Datadog Company Profile

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.