Datadog (NASDAQ:DDOG) Coverage Initiated by Analysts at CIBC

CIBC started coverage on shares of Datadog (NASDAQ:DDOG) in a research note released on Monday, MarketBeat.com reports. The firm issued a neutral rating and a $170.00 price target on the stock.

A number of other brokerages also recently issued reports on DDOG. Capital One Financial lifted their price target on shares of Datadog from $149.00 to $179.00 in a research note on Thursday, October 16th. Wells Fargo & Company started coverage on shares of Datadog in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $190.00 price target for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $170.00 price target on shares of Datadog in a research note on Friday. BMO Capital Markets raised their price objective on shares of Datadog from $150.00 to $154.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Finally, Scotiabank restated an “outperform” rating on shares of Datadog in a research report on Friday, August 8th. Twenty-six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $166.10.

Datadog Stock Down 0.4%

Shares of Datadog stock opened at $162.08 on Monday. Datadog has a 52-week low of $81.63 and a 52-week high of $170.08. The company has a 50 day moving average of $146.69 and a 200 day moving average of $132.89. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $56.52 billion, a P/E ratio of 463.10, a P/E/G ratio of 63.70 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (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 company had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The firm’s quarterly 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. As a group, research analysts forecast that Datadog will post 0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Matthew Jacobson sold 575,863 shares of Datadog stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total value of $73,111,566.48. Following the transaction, the director directly owned 219,831 shares of the company’s stock, valued at $27,909,743.76. The trade was a 72.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $10,551,213.78. Following the completion of the transaction, the chief executive officer directly owned 533,358 shares in the company, valued at $88,014,737.16. The trade was a 10.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,449,764 shares of company stock worth $197,368,047. Corporate insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Datadog

A number of institutional investors have recently modified their holdings of DDOG. Brighton Jones LLC acquired a new position in shares of Datadog in the 4th quarter valued at $209,000. Bison Wealth LLC acquired a new position in shares of Datadog in the 4th quarter valued at $228,000. Amalgamated Bank increased its holdings in shares of Datadog by 5.6% in the 1st quarter. Amalgamated Bank now owns 21,346 shares of the company’s stock valued at $2,118,000 after acquiring an additional 1,123 shares during the period. DAVENPORT & Co LLC grew its position in Datadog by 56.6% in the 1st quarter. DAVENPORT & Co LLC now owns 6,058 shares of the company’s stock valued at $601,000 after buying an additional 2,190 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in Datadog by 45.0% in the 1st quarter. First Horizon Advisors Inc. now owns 1,237 shares of the company’s stock valued at $123,000 after buying an additional 384 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

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.