Datadog (NASDAQ:DDOG) Given New $185.00 Price Target at Canaccord Genuity Group

Datadog (NASDAQ:DDOG) had its price target lifted by Canaccord Genuity Group from $160.00 to $185.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on DDOG. Barclays set a $170.00 price target on Datadog and gave the company an “overweight” rating in a research report on Thursday, August 7th. Capital One Financial upped their price target on Datadog from $149.00 to $179.00 in a research report on Thursday, October 16th. Robert W. Baird set a $165.00 price target on Datadog in a research report on Wednesday, October 29th. Mizuho increased their target price on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $170.00 target price on shares of Datadog in a research report on Friday. Twenty-six analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.10.

Datadog Stock Performance

DDOG stock opened at $162.08 on Monday. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm has a market cap 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 has a 12-month low of $81.63 and a 12-month high of $170.08. The stock’s 50 day simple moving average is $146.69 and its 200 day simple moving average is $132.89.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (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%.The business’s revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the company posted $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. As a group, equities research analysts predict that Datadog will post 0.34 EPS for the current year.

Insider Buying and Selling

In other news, CTO Alexis Le-Quoc sold 55,352 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total value of $7,407,758.16. Following the completion of the transaction, the chief technology officer owned 438,885 shares of the company’s stock, valued at approximately $58,735,979.55. This represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Amit Agarwal sold 45,444 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total value of $6,820,235.52. Following the completion of the transaction, the director directly owned 1,640 shares of the company’s stock, valued at approximately $246,131.20. The trade was a 96.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,449,764 shares of company stock valued at $197,368,047. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DDOG. Goldman Sachs Group Inc. grew its stake in shares of 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 purchasing an additional 6,250,942 shares in the last quarter. Norges Bank bought a new position in shares of Datadog in the second quarter worth $347,728,000. Brown Advisory Inc. grew its stake in shares of Datadog by 76.5% in the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company’s stock worth $481,467,000 after purchasing an additional 2,103,838 shares in the last quarter. Dragoneer Investment Group LLC boosted its stake in Datadog by 729.5% during the second quarter. Dragoneer Investment Group LLC now owns 2,254,563 shares of the company’s stock valued at $302,855,000 after buying an additional 1,982,763 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its stake in Datadog by 12.6% during 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 in the last quarter. Institutional investors 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.