Datadog (NASDAQ:DDOG) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Datadog (NASDAQ:DDOG) in a report published on Tuesday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $190.00 target price on the stock.

A number of other research firms have also recently issued reports on DDOG. Stifel Nicolaus increased their target price on Datadog from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Thursday, June 26th. Wedbush reiterated an “outperform” rating and set a $140.00 price objective on shares of Datadog in a research report on Wednesday, June 11th. Mizuho boosted their target price on shares of Datadog from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Bank of America upped their price target on shares of Datadog from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Finally, Canaccord Genuity Group lifted their price objective on shares of Datadog from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Twenty-five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $156.00.

Datadog Stock Down 0.7%

Datadog stock opened at $151.57 on Tuesday. Datadog has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The firm has a market capitalization of $52.86 billion, a PE ratio of 433.07, a P/E/G ratio of 59.74 and a beta of 1.21. The company’s 50-day moving average is $136.55 and its 200-day moving average is $123.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The firm had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The business’s revenue was up 28.1% compared to the same quarter last year. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Sell-side analysts anticipate that Datadog will post 0.34 earnings per share for the current year.

Insider Transactions at Datadog

In other news, Director Amit Agarwal sold 44,444 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $226,877.60. This represents a 96.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 55,352 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the sale, the chief technology officer directly owned 438,885 shares in the company, valued at $58,735,979.55. The trade was a 11.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,297,706 shares of company stock worth $170,365,427. Corporate insiders own 8.70% of the company’s stock.

Institutional Trading of Datadog

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Datadog by 32.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company’s stock worth $2,216,000 after acquiring an additional 3,760 shares in the last quarter. Motley Fool Asset Management LLC grew its stake in Datadog by 149.0% during the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock worth $3,783,000 after purchasing an additional 22,818 shares during the period. LBP AM SA increased its holdings in Datadog by 40.2% in the first quarter. LBP AM SA now owns 419,805 shares of the company’s stock worth $41,649,000 after purchasing an additional 120,343 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Datadog by 24.7% in the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company’s stock valued at $78,112,000 after buying an additional 156,152 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Datadog by 178.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock worth $9,032,000 after buying an additional 58,369 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.