Datadog (NASDAQ:DDOG) Upgraded at CIBC

CIBC upgraded shares of Datadog (NASDAQ:DDOG) from a neutral rating to a sector outperform rating in a research note published on Friday morning, Marketbeat.com reports. CIBC currently has $240.00 target price on the stock.

Other equities research analysts have also recently issued reports about the company. Evercore ISI lifted their price objective on Datadog from $170.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays raised 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 boosted their price target on shares of Datadog from $170.00 to $205.00 in a research note on Thursday. Jefferies Financial Group increased their price target on shares of Datadog from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, BMO Capital Markets raised their price objective on shares of Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday. Thirty investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $203.42.

Datadog Stock Up 0.2%

Shares of DDOG opened at $191.24 on Friday. The company’s 50-day moving average price is $149.87 and its 200 day moving average price is $135.21. The firm has a market cap of $66.69 billion, a P/E ratio of 616.90, a price-to-earnings-growth ratio of 54.29 and a beta of 1.20. Datadog has a 12-month low of $81.63 and a 12-month high of $194.87. The company has a current ratio of 3.66, a quick ratio of 3.43 and a debt-to-equity ratio of 0.29.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share 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 firm had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter last year, the company posted $0.46 EPS. 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. On average, sell-side analysts forecast that Datadog will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Datadog

In related news, Director Amit Agarwal sold 45,444 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the sale, the director directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew Jacobson sold 575,863 shares of the firm’s 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 SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,477,313 shares of company stock valued at $203,047,262. 8.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Datadog

Several institutional investors have recently modified their holdings of DDOG. Westside Investment Management Inc. increased its holdings in Datadog by 74.3% in the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after buying an additional 75 shares during the last quarter. Rothschild Investment LLC boosted its position in shares of Datadog by 126.6% during the 3rd quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Tripletail Wealth Management LLC purchased a new position in shares of Datadog in the 3rd quarter valued at about $28,000. Physician Wealth Advisors Inc. raised its position in shares of Datadog by 315.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after acquiring an additional 145 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Datadog during the third quarter worth approximately $28,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

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.