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

Datadog (NASDAQ:DDOG) had its price objective lifted by research analysts at Oppenheimer from $165.00 to $195.00 in a report released on Friday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s price objective would suggest a potential upside of 27.56% from the company’s current price.

A number of other brokerages have also issued reports on DDOG. BMO Capital Markets boosted their target price on Datadog from $150.00 to $154.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Citigroup boosted their target price on Datadog from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Jefferies Financial Group boosted their target price on Datadog from $160.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Sanford C. Bernstein boosted their target price on Datadog from $147.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Finally, Monness Crespi & Hardt boosted their target price on Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Twenty-six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.37.

Datadog Trading Up 1.1%

Shares of Datadog stock opened at $152.87 on Friday. The firm has a market capitalization of $53.31 billion, a price-to-earnings ratio of 436.78, a PEG ratio of 59.81 and a beta of 1.21. Datadog has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. The stock has a 50 day moving average of $140.31 and a 200 day moving average of $127.29.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.05. The company had revenue of $826.76 million during 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 firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the prior year, the business posted $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. As a group, research analysts predict that Datadog will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 63,939 shares of the company’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the sale, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $88,014,737.16. This represents a 10.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael James Callahan sold 8,333 shares of the company’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $160.55, for a total value of $1,337,863.15. Following the sale, the director directly owned 12,496 shares in the company, valued at $2,006,232.80. This represents a 40.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,491,232 shares of company stock valued at $202,904,731. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Datadog

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Datadog by 2.4% in the second quarter. Vanguard Group Inc. now owns 32,153,489 shares of the company’s stock valued at $4,319,178,000 after buying an additional 740,457 shares during the last quarter. Baillie Gifford & Co. increased its holdings in Datadog by 12.6% in the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock valued at $1,217,769,000 after buying an additional 1,369,522 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Datadog by 259.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock valued at $858,994,000 after buying an additional 6,250,942 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings 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 valued at $667,611,000 after buying an additional 1,261,065 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in Datadog by 23.3% in the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock valued at $803,793,000 after buying an additional 1,130,675 shares during the last quarter. Hedge funds and other 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.