Datadog, Inc. (NASDAQ:DDOG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Datadog, Inc. (NASDAQ:DDOG) has been assigned a consensus recommendation of “Moderate Buy” from the thirty-eight brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and thirty-two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $207.7838.

A number of research analysts have recently weighed in on DDOG shares. Wall Street Zen upgraded shares of Datadog from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Jefferies Financial Group boosted their price target on Datadog from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Guggenheim set a $105.00 price target on Datadog in a research note on Thursday, November 6th. Truist Financial raised their price objective on Datadog from $140.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Finally, Morgan Stanley boosted their target price on Datadog from $165.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, November 7th.

Datadog Stock Down 1.6%

Shares of Datadog stock opened at $133.77 on Monday. The firm has a market cap of $46.91 billion, a price-to-earnings ratio of 431.52, a P/E/G ratio of 24.79 and a beta of 1.26. The stock has a 50-day simple moving average of $157.12 and a 200-day simple moving average of $146.70. Datadog has a 52-week low of $81.63 and a 52-week high of $201.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66.

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

Insiders Place Their Bets

In related news, CEO Olivier Pomel sold 100,754 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the transaction, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. The trade was a 15.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $197.99, for a total value of $10,674,036.88. Following the sale, the chief technology officer directly owned 395,661 shares in the company, valued at approximately $78,336,921.39. This trade represents a 11.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,170,613 shares of company stock valued at $210,044,645 in the last three months. Company insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Datadog

A number of institutional investors have recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC grew its holdings in Datadog by 3.3% during the 3rd quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock valued at $242,000 after buying an additional 55 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of 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 in the last quarter. Vivaldi Capital Management LP boosted its position in shares of Datadog by 2.8% in the third quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock valued at $383,000 after acquiring an additional 74 shares during the period. Westside Investment Management Inc. boosted its position in shares of Datadog by 74.3% in the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after acquiring an additional 75 shares during the period. Finally, Nilsine Partners LLC grew its stake 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 acquiring an additional 78 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

About Datadog

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.