Raymond James Financial Issues Positive Forecast for Datadog (NASDAQ:DDOG) Stock Price

Datadog (NASDAQ:DDOG) had its price target upped by investment analysts at Raymond James Financial from $170.00 to $205.00 in a note issued to investors on Thursday,MarketScreener reports. Raymond James Financial’s price target points to a potential upside of 7.75% from the company’s previous close.

A number of other research analysts have also commented on the stock. Sanford C. Bernstein raised their price objective on shares of Datadog from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup raised their target price on shares of Datadog from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Cibc Captl Mkts upgraded Datadog to a “hold” rating in a research report on Monday. Jefferies Financial Group lifted their target price on Datadog from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Canaccord Genuity Group upped their target price on Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a report on Monday. Thirty analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $197.03.

Datadog Stock Performance

Datadog stock traded down $0.57 during mid-day trading on Thursday, hitting $190.25. 6,357,558 shares of the company’s stock traded hands, compared to its average volume of 5,534,225. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. Datadog has a one year low of $81.63 and a one year high of $194.87. The firm has a 50 day moving average price of $148.78 and a 200 day moving average price of $133.91. The company has a market cap of $66.35 billion, a PE ratio of 543.54, a price-to-earnings-growth ratio of 60.64 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. During the same period last year, the company earned $0.46 earnings per share. The company’s quarterly revenue was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. On average, equities analysts forecast that Datadog will post 0.34 EPS for the current year.

Insiders Place Their Bets

In related news, Director Amit Agarwal sold 45,444 shares of the 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 in the company, valued at approximately $246,131.20. This represents a 96.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $162.58, for a total transaction of $1,286,983.28. Following the transaction, the director owned 364,449 shares in the company, valued at approximately $59,252,118.42. This trade represents a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,510,236 shares of company stock worth $207,339,763 in the last quarter. Corporate insiders own 8.70% of the company’s stock.

Institutional Trading of Datadog

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Datadog by 30.3% in the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after buying an additional 9,748,738 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in Datadog by 12.6% during the first 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 during the period. Goldman Sachs Group Inc. boosted its holdings in Datadog by 259.7% during the first 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 during the period. Price T Rowe Associates Inc. MD grew its position in shares of Datadog by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock valued at $667,611,000 after purchasing an additional 1,261,065 shares during the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of Datadog by 23.3% in the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock worth $803,793,000 after purchasing an additional 1,130,675 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.