Datadog (NASDAQ:DDOG) Stock Price Expected to Rise, BNP Paribas Exane Analyst Says

Datadog (NASDAQ:DDOG) had its price target raised by equities research analysts at BNP Paribas Exane from $160.00 to $210.00 in a research report issued to clients and investors on Friday,MarketScreener reports. BNP Paribas Exane’s price target indicates a potential upside of 9.81% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. DA Davidson upped their price objective on Datadog from $180.00 to $225.00 and gave the company a “buy” rating in a research report on Friday. Citigroup upped their price target on shares of Datadog from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Evercore ISI raised their price target on shares of Datadog from $170.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday. Cantor Fitzgerald boosted their price objective on shares of Datadog from $179.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Cowen restated a “buy” rating on shares of Datadog in a research note on Thursday. Twenty-nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and an average price target of $201.89.

Datadog Stock Performance

Datadog stock opened at $191.24 on Friday. 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 price-to-earnings-growth ratio of 74.82 and a beta of 1.20. Datadog has a 1-year low of $81.63 and a 1-year high of $194.87. The company’s 50-day moving average is $149.87 and its 200 day moving average is $134.92.

Datadog (NASDAQ:DDOG) last announced its earnings results 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. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The business had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company’s revenue for the quarter was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. Research analysts forecast that Datadog will post 0.34 EPS for the current year.

Insiders Place Their Bets

In related news, Director Michael James Callahan sold 91,667 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the transaction, the director directly owned 12,496 shares in the company, valued at $1,969,369.60. The trade was a 88.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Alexis Le-Quoc sold 55,352 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total value of $7,407,758.16. Following the completion of the sale, the chief technology officer owned 438,885 shares of the company’s stock, valued at approximately $58,735,979.55. This trade represents a 11.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,510,236 shares of company stock valued at $207,339,763 in the last three months. 8.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DDOG. Brighton Jones LLC purchased a new stake in shares of Datadog in the 4th quarter valued at $209,000. Bison Wealth LLC acquired a new position in Datadog during the fourth quarter valued at $228,000. OneDigital Investment Advisors LLC lifted its position in Datadog by 31.7% during the first quarter. OneDigital Investment Advisors LLC now owns 3,338 shares of the company’s stock valued at $331,000 after purchasing an additional 803 shares during the period. Alps Advisors Inc. boosted its holdings in Datadog by 24.6% in the first quarter. Alps Advisors Inc. now owns 24,452 shares of the company’s stock valued at $2,426,000 after purchasing an additional 4,826 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Datadog by 128.5% during the 1st quarter. Cerity Partners LLC now owns 90,736 shares of the company’s stock worth $9,002,000 after purchasing an additional 51,032 shares during the period. 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.