TD Cowen Raises Datadog (NASDAQ:DDOG) Price Target to $235.00

Datadog (NASDAQ:DDOG) had its price objective raised by equities research analysts at TD Cowen from $180.00 to $235.00 in a research note issued on Friday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target would suggest a potential upside of 22.88% from the stock’s previous close.

A number of other analysts also recently weighed in on DDOG. Sanford C. Bernstein boosted their target price on Datadog from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday. KeyCorp upgraded shares of Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 price objective for the company in a report on Friday. Royal Bank Of Canada upped their price objective on shares of Datadog from $182.00 to $216.00 and gave the company an “outperform” rating in a research note on Friday. Bank of America lifted their target price on shares of Datadog from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday. Finally, DA Davidson boosted their price target on shares of Datadog from $180.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday. Twenty-nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $201.89.

Datadog Stock Up 0.2%

Shares of NASDAQ:DDOG opened at $191.24 on Friday. The firm has a market capitalization of $66.69 billion, a PE ratio of 616.90, a price-to-earnings-growth ratio of 74.82 and a beta of 1.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.43 and a current ratio of 3.66. Datadog has a 52-week low of $81.63 and a 52-week high of $194.87. The firm has a fifty day moving average of $149.87 and a 200 day moving average of $134.92.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping 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 firm 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 company posted $0.46 earnings per share. The company’s revenue 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. As a group, research analysts anticipate that Datadog will post 0.34 EPS for the current fiscal year.

Insider Activity at Datadog

In other news, CEO Olivier Pomel sold 62,682 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $163.90, for a total transaction of $10,273,579.80. Following the sale, the chief executive officer owned 533,358 shares in the company, valued at approximately $87,417,376.20. The trade was a 10.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael James Callahan sold 8,333 shares of the company’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $160.55, for a total transaction of $1,337,863.15. Following the completion of the sale, the director directly owned 12,496 shares in the company, valued at $2,006,232.80. This represents a 40.01% 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 over the last ninety days. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Datadog

Hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC increased its stake in shares of Datadog by 13.8% during the second quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after purchasing an additional 73 shares in the last quarter. Westside Investment Management Inc. grew its stake in shares of Datadog by 74.3% in the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after buying an additional 75 shares during the last quarter. Nilsine Partners LLC grew its stake in shares of Datadog by 2.4% in the 3rd quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock worth $484,000 after buying an additional 78 shares during the last quarter. PDS Planning Inc increased its position in Datadog by 4.2% during the 3rd quarter. PDS Planning Inc now owns 1,975 shares of the company’s stock valued at $281,000 after buying an additional 80 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in Datadog by 0.8% during the second quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock valued at $1,406,000 after buying an additional 82 shares during 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.