Datadog (NASDAQ:DDOG) Price Target Raised to $215.00 at Bank of America

Datadog (NASDAQ:DDOG) had its price target boosted by Bank of America from $180.00 to $215.00 in a research note released on Friday,MarketScreener reports. Bank of America currently has a buy rating on the stock.

Several other equities analysts have also commented on the company. Barclays increased their target price on Datadog from $170.00 to $215.00 and gave the company an “overweight” rating in a report on Friday. Raymond James Financial increased their price objective on Datadog from $170.00 to $205.00 in a report on Thursday. Oppenheimer raised their target price on Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Cantor Fitzgerald boosted their target price on Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Canaccord Genuity Group increased their price target on shares of Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Twenty-nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.89.

Datadog Stock Up 0.2%

Shares of Datadog stock traded up $0.42 on Friday, reaching $191.24. 9,282,929 shares of the company were exchanged, compared to its average volume of 4,210,942. The stock’s 50 day moving average price is $149.87 and its 200-day moving average price is $134.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.43. Datadog has a 1-year low of $81.63 and a 1-year high of $194.87. The company has a market cap of $66.69 billion, a P/E ratio of 616.90, a price-to-earnings-growth ratio of 74.66 and a beta of 1.20.

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, topping analysts’ consensus estimates 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 the consensus estimate of $852.77 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue 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, equities analysts forecast that Datadog will post 0.34 EPS for the current year.

Insiders Place Their Bets

In other news, Director Matthew Jacobson sold 575,863 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total value of $73,111,566.48. Following the completion of the sale, the director directly owned 219,831 shares of the company’s stock, valued at approximately $27,909,743.76. This represents a 72.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 63,939 shares of the firm’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $165.02, for a total value of $10,551,213.78. Following the transaction, the chief executive officer directly owned 533,358 shares in the company, valued at approximately $88,014,737.16. This represents a 10.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,510,236 shares of company stock worth $207,339,763. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DDOG. Vanguard Group Inc. grew its position 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. lifted its stake in shares of Datadog by 12.6% in the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock worth $1,217,769,000 after acquiring an additional 1,369,522 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Datadog by 259.7% in 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 acquiring an additional 1,261,065 shares in the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of Datadog by 23.3% during the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock worth $803,793,000 after acquiring an additional 1,130,675 shares during the period. 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.