Datadog (NASDAQ:DDOG) Reaches New 52-Week High Following Analyst Upgrade

Datadog, Inc. (NASDAQ:DDOG)’s stock price hit a new 52-week high during trading on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $140.00 to $200.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Datadog traded as high as $201.69 and last traded at $197.86, with a volume of 5227768 shares changing hands. The stock had previously closed at $199.72.

A number of other research firms have also recently issued reports on DDOG. Bank of America lifted their target price on Datadog from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Wells Fargo & Company lifted their price target on Datadog from $190.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. BMO Capital Markets boosted their target price on shares of Datadog from $154.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Guggenheim set a $105.00 price objective on shares of Datadog in a research note on Thursday, November 6th. Finally, Mizuho set a $215.00 price target on Datadog in a research note on Friday, November 7th. Thirty-one research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and an average price target of $207.38.

Insiders Place Their Bets

In related news, CEO Olivier Pomel sold 63,939 shares of the business’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $165.02, for a total value of $10,551,213.78. Following the transaction, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at approximately $88,014,737.16. The trade was a 10.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 55,352 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the sale, the chief technology officer owned 438,885 shares of the company’s stock, valued at $58,735,979.55. This trade represents a 11.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,489,813 shares of company stock valued at $205,390,637. 8.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Datadog

Several large investors have recently modified their holdings of DDOG. V Square Quantitative Management LLC increased its position in Datadog by 13.8% in the second quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock worth $81,000 after buying an additional 73 shares during the last quarter. Westside Investment Management Inc. increased its holdings in 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 acquiring an additional 75 shares during the last quarter. Nilsine Partners LLC lifted its holdings in Datadog by 2.4% during the third quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock valued at $484,000 after purchasing an additional 78 shares during the last quarter. PDS Planning Inc boosted its position in Datadog by 4.2% during the third quarter. PDS Planning Inc now owns 1,975 shares of the company’s stock worth $281,000 after purchasing an additional 80 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Datadog by 0.8% in the second quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock worth $1,406,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Trading Down 3.5%

The firm’s 50-day moving average price is $153.56 and its 200-day moving average price is $136.97. The company has a quick ratio of 3.43, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. The company has a market cap of $66.57 billion, a P/E ratio of 615.77, a price-to-earnings-growth ratio of 56.43 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.45 by $0.10. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The company had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. During the same period last year, the firm earned $0.46 EPS. Datadog’s revenue for the quarter was up 28.4% on a year-over-year basis. 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, equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.