Mizuho Forecasts Strong Price Appreciation for Datadog (NASDAQ:DDOG) Stock

Datadog (NASDAQ:DDOG) had its target price lifted by analysts at Mizuho from $155.00 to $170.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price would suggest a potential upside of 11.21% from the stock’s current price.

A number of other research firms have also issued reports on DDOG. Monness Crespi & Hardt boosted their price target on shares of Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Morgan Stanley boosted their price target on shares of Datadog from $115.00 to $165.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Cantor Fitzgerald boosted their price target on shares of Datadog from $171.00 to $179.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Bank of America boosted their price target on shares of Datadog from $150.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, Citigroup boosted their price target on shares of Datadog from $165.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 18th. Twenty-six analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $162.37.

Datadog Stock Up 1.1%

NASDAQ DDOG opened at $152.87 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The company’s 50 day simple moving average is $140.31 and its 200 day simple moving average is $127.29. Datadog has a 12 month low of $81.63 and a 12 month high of $170.08. The company has a market capitalization of $53.31 billion, a P/E ratio of 436.78, a PEG ratio of 59.81 and a beta of 1.21.

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

Insider Transactions at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 55,352 shares of the company’s stock in a transaction that occurred 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 transaction, the chief technology officer owned 438,885 shares in the company, valued at approximately $58,735,979.55. This represents a 11.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the transaction, the director owned 1,640 shares in the company, valued at approximately $246,131.20. This represents a 96.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,491,232 shares of company stock worth $202,904,731. 8.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DDOG. Vanguard Group Inc. grew its position in Datadog by 2.4% in the second quarter. Vanguard Group Inc. now owns 32,153,489 shares of the company’s stock worth $4,319,178,000 after acquiring an additional 740,457 shares in the last quarter. Baillie Gifford & Co. grew its position in Datadog by 12.6% in the first 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 in the last quarter. Goldman Sachs Group Inc. grew its position in Datadog by 259.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock worth $858,994,000 after acquiring an additional 6,250,942 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in 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 worth $667,611,000 after acquiring an additional 1,261,065 shares in the last quarter. Finally, Brown Advisory Inc. grew its position in Datadog by 23.3% in 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 in the last quarter. 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.