Datadog (NASDAQ:DDOG – Free Report) had its price objective raised by BMO Capital Markets from $150.00 to $154.00 in a research report released on Monday,MarketScreener reports. The brokerage currently has an outperform rating on the stock.
A number of other research firms have also issued reports on DDOG. Stifel Nicolaus raised their target price on Datadog from $120.00 to $135.00 and gave the company a “hold” rating in a report on Thursday, June 26th. Cantor Fitzgerald raised their price objective on Datadog from $171.00 to $179.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Wolfe Research upgraded Datadog from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research report on Thursday, June 12th. Mizuho raised their price objective on Datadog from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $175.00 price objective on shares of Datadog in a research report on Thursday, August 14th. Twenty-four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.41.
Check Out Our Latest Research Report on DDOG
Datadog Stock Performance
Datadog (NASDAQ:DDOG – Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $826.76 million for the quarter, compared to analyst estimates of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company’s revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, equities analysts forecast that Datadog will post 0.34 earnings per share for the current year.
Insider Buying and Selling at Datadog
In other Datadog news, Director Amit Agarwal sold 44,444 shares of Datadog stock in a transaction on Monday, September 15th. The stock was sold at an average price of $138.34, for a total value of $6,148,382.96. Following the completion of the transaction, the director owned 1,640 shares in the company, valued at approximately $226,877.60. The trade was a 96.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 55,352 shares of Datadog stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total value of $7,407,758.16. Following the completion of the transaction, the chief technology officer owned 438,885 shares of the company’s stock, valued at approximately $58,735,979.55. The trade was a 11.20% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,322,175 shares of company stock worth $173,997,227. 8.70% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Datadog
Institutional investors have recently bought and sold shares of the business. Costello Asset Management INC bought a new position in Datadog in the 1st quarter valued at $30,000. Cornerstone Planning Group LLC raised its position in Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares during the last quarter. Interchange Capital Partners LLC acquired a new stake in shares of Datadog in the 2nd quarter valued at $42,000. Opal Wealth Advisors LLC acquired a new stake in shares of Datadog in the 1st quarter valued at $37,000. Finally, Center for Financial Planning Inc. increased its stake in shares of Datadog by 1,189.7% in the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock valued at $37,000 after buying an additional 345 shares during the period. Institutional investors 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.
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