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

Datadog (NASDAQ:DDOG) had its price target lifted by research analysts at TD Cowen from $175.00 to $180.00 in a report released on Friday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price objective indicates a potential upside of 17.75% from the company’s previous close.

DDOG has been the topic of a number of other research reports. Oppenheimer raised their target price on shares of Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday. Mizuho raised their target price on shares of Datadog from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Monness Crespi & Hardt raised their target price on shares of Datadog from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Capital One Financial raised their target price on shares of Datadog from $149.00 to $179.00 in a research report on Thursday. Finally, Bank of America raised their target price on shares of Datadog from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Twenty-six 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. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average target price of $162.37.

Datadog Trading Up 1.1%

Shares of 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 firm has a 50 day simple moving average of $140.31 and a 200-day simple moving average of $127.29. Datadog has a 1-year low of $81.63 and a 1-year high of $170.08. The stock has a market cap of $53.31 billion, a price-to-earnings ratio of 436.78, a price-to-earnings-growth ratio of 59.81 and a beta of 1.21.

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 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 during the quarter, compared to analysts’ expectations of $791.72 million. During the same period last year, the company posted $0.43 EPS. The company’s revenue 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 analysts forecast that Datadog will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other Datadog news, CEO Olivier Pomel sold 63,939 shares of Datadog stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $165.02, for a total value of $10,551,213.78. Following the transaction, the chief executive officer owned 533,358 shares in the company, valued at $88,014,737.16. This trade represents a 10.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction 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 trade represents a 96.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,491,232 shares of company stock worth $202,904,731 over the last 90 days. Company insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Datadog

Hedge funds and other institutional investors have recently made changes to their positions in the business. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Datadog by 887.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock valued at $25,000 after acquiring an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of 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 acquiring an additional 154 shares in the last quarter. Costello Asset Management INC acquired a new position in shares of Datadog during the 1st quarter valued at $30,000. Center for Financial Planning Inc. lifted its holdings in shares of Datadog by 1,189.7% during the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock valued at $37,000 after acquiring an additional 345 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in shares of Datadog during the 1st quarter valued at $39,000. 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.