Datadog (NASDAQ:DDOG) Stock Price Expected to Rise, Bank of America Analyst Says

Datadog (NASDAQ:DDOG) had its price target boosted by stock analysts at Bank of America from $180.00 to $215.00 in a research report issued on Friday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price target would indicate a potential upside of 12.42% from the stock’s current price.

A number of other research analysts also recently issued reports on DDOG. Cantor Fitzgerald raised their price target on Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday. Sanford C. Bernstein raised their target price on shares of Datadog from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday. DA Davidson lifted their target price on shares of Datadog from $180.00 to $225.00 and gave the company a “buy” rating in a report on Friday. Truist Financial increased their price target on shares of Datadog from $140.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Canaccord Genuity Group raised their price objective on shares of Datadog from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Twenty-nine analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Datadog has a consensus rating of “Moderate Buy” and an average price target of $201.89.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $191.24 on Friday. The company’s fifty day moving average price is $149.87 and its 200 day moving average price is $134.92. Datadog has a 12 month low of $81.63 and a 12 month high of $194.87. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.43. The firm has a market capitalization of $66.69 billion, a P/E ratio of 616.90, a P/E/G ratio of 74.82 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.10. The company had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. Datadog’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. As a group, sell-side analysts predict that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In related news, Director Michael James Callahan sold 8,333 shares of the business’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $160.55, for a total transaction of $1,337,863.15. Following the sale, the director owned 12,496 shares of the company’s stock, valued at approximately $2,006,232.80. The trade was a 40.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Olivier Pomel sold 62,682 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $163.90, for a total transaction of $10,273,579.80. Following the transaction, the chief executive officer owned 533,358 shares in the company, valued at $87,417,376.20. The trade was a 10.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,510,236 shares of company stock valued at $207,339,763. 8.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Datadog

Several hedge funds have recently bought and sold shares of the company. Motley Fool Asset Management LLC increased its stake in shares of Datadog by 149.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock worth $3,783,000 after purchasing an additional 22,818 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Datadog by 178.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock valued at $9,032,000 after buying an additional 58,369 shares during the last quarter. Mizuho Markets Americas LLC acquired a new stake in Datadog during the 1st quarter valued at $15,526,000. Slow Capital Inc. increased its position in Datadog by 124.0% during the first quarter. Slow Capital Inc. now owns 60,223 shares of the company’s stock worth $5,975,000 after buying an additional 33,332 shares in the last quarter. Finally, Temasek Holdings Private Ltd raised its holdings in shares of Datadog by 585.0% in the first quarter. Temasek Holdings Private Ltd now owns 108,827 shares of the company’s stock worth $10,797,000 after acquiring an additional 92,939 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

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.