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

Datadog (NASDAQ:DDOG) had its target price boosted by equities researchers at BTIG Research from $169.00 to $184.00 in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. BTIG Research’s target price suggests a potential upside of 17.50% from the stock’s current price.

Several other brokerages have also commented on DDOG. Monness Crespi & Hardt boosted their price target on Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Scotiabank reaffirmed an “outperform” rating on shares of Datadog in a research note on Friday, August 8th. Stifel Nicolaus boosted their price target on Datadog from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Thursday, June 26th. Barclays set a $170.00 price target on Datadog and gave the company an “overweight” rating in a research note on Thursday, August 7th. Finally, Canaccord Genuity Group lifted their price objective on Datadog from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Twenty-six equities 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.97.

Datadog Price Performance

Shares of DDOG stock opened at $156.59 on Wednesday. The stock’s fifty day simple moving average is $142.56 and its 200 day simple moving average is $128.85. 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 market cap of $54.61 billion, a price-to-earnings ratio of 447.41, a P/E/G ratio of 60.33 and a beta of 1.21. Datadog has a one year low of $81.63 and a one year high of $170.08.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. The business had revenue of $826.76 million for 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%.Datadog’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 EPS. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, analysts expect that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 55,352 shares of the business’s stock in a transaction 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 completion of the sale, the chief technology officer 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Olivier Pomel sold 63,939 shares of the business’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $165.02, for a total value 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. The trade was a 10.70% 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 Investors Weigh In On Datadog

A number of institutional investors and hedge funds have recently made changes to their positions in DDOG. Brighton Jones LLC bought a new stake in shares of Datadog during the fourth quarter worth $209,000. Bison Wealth LLC bought a new stake in shares of Datadog during the fourth quarter worth $228,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Datadog by 12.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,422 shares of the company’s stock worth $1,728,000 after acquiring an additional 1,916 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Datadog by 32.4% during the first quarter. Janney Montgomery Scott LLC now owns 8,226 shares of the company’s stock worth $816,000 after acquiring an additional 2,012 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Datadog by 316.8% during the first quarter. State of Alaska Department of Revenue now owns 7,236 shares of the company’s stock worth $717,000 after acquiring an additional 5,500 shares during the last quarter. 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.