DA Davidson Issues Positive Forecast for Datadog (NASDAQ:DDOG) Stock Price

Datadog (NASDAQ:DDOG) had its target price hoisted by DA Davidson from $170.00 to $180.00 in a research note published on Friday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

DDOG has been the topic of several other research reports. Wedbush reaffirmed an “outperform” rating and set a $140.00 target price on shares of Datadog in a report on Wednesday, June 11th. Monness Crespi & Hardt raised their price objective on Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Cantor Fitzgerald boosted their target price on Datadog from $171.00 to $179.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Guggenheim restated a “sell” rating and set a $105.00 target price on shares of Datadog in a report on Tuesday, July 8th. Finally, Mizuho lifted their price target on Datadog from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Twenty-five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $156.69.

Datadog Stock Performance

Shares of NASDAQ DDOG opened at $151.82 on Friday. The stock’s 50-day moving average is $136.59 and its 200 day moving average is $123.39. The stock has a market cap of $52.95 billion, a price-to-earnings ratio of 433.78, a P/E/G ratio of 59.30 and a beta of 1.21. Datadog has a 1-year low of $81.63 and a 1-year high of $170.08. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31.

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

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 55,352 shares of Datadog stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the completion of the transaction, the chief technology officer directly owned 438,885 shares of the company’s stock, valued at $58,735,979.55. This trade represents a 11.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Amit Agarwal sold 45,444 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the completion of the sale, the director owned 1,640 shares in the company, valued at approximately $246,131.20. This trade represents a 96.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,384,618 shares of company stock worth $183,444,843 in the last three months. 8.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Datadog

Several hedge funds have recently added to or reduced their stakes in DDOG. Costello Asset Management INC bought a new position in shares of Datadog during the first quarter valued at $30,000. Cornerstone Planning Group LLC grew its position in Datadog by 96.9% during 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 bought a new stake in Datadog during the 2nd quarter valued at about $42,000. Opal Wealth Advisors LLC purchased a new position in Datadog in the first quarter worth about $37,000. Finally, Center for Financial Planning Inc. lifted its stake in shares of Datadog by 1,189.7% in the first quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock worth $37,000 after buying an additional 345 shares in the last quarter. 78.29% of the stock is owned by 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.