The Goldman Sachs Group Begins Coverage on Datadog (NASDAQ:DDOG)

Stock analysts at The Goldman Sachs Group initiated coverage on shares of Datadog (NASDAQ:DDOG) in a report released on Monday, Marketbeat.com reports. The brokerage set a “sell” rating and a $113.00 price target on the stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 9.96% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Morgan Stanley raised their target price on Datadog from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. DA Davidson increased their price objective on Datadog from $180.00 to $225.00 and gave the company a “buy” rating in a report on Friday, November 7th. TD Cowen boosted their target price on Datadog from $180.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Wall Street Zen raised Datadog from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Citigroup upped their price objective on shares of Datadog from $170.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Thirty-two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Datadog has an average rating of “Moderate Buy” and a consensus price target of $198.82.

Datadog Price Performance

DDOG stock opened at $125.50 on Monday. Datadog has a one year low of $81.63 and a one year high of $201.69. The firm has a 50-day moving average of $153.32 and a two-hundred day moving average of $146.76. The firm has a market capitalization of $44.01 billion, a PE ratio of 404.84, a P/E/G ratio of 23.46 and a beta of 1.26. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.10. The business had revenue of $885.65 million for 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%. The firm’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period last year, the firm posted $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, analysts forecast that Datadog will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 100,754 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $181.18, for a total value of $18,254,609.72. Following the transaction, the chief executive officer directly owned 533,358 shares in the company, valued at $96,633,802.44. The trade was a 15.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total transaction of $10,674,036.88. Following the completion of the transaction, the chief technology officer directly owned 395,661 shares in the company, valued at $78,336,921.39. The trade was a 11.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,074,988 shares of company stock valued at $193,329,916 over the last ninety days. 8.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Datadog

Several hedge funds have recently bought and sold shares of DDOG. Vanguard Group Inc. increased its stake in shares of Datadog by 30.3% during the third quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock worth $5,966,877,000 after purchasing an additional 9,748,738 shares during the period. State Street Corp grew its holdings in Datadog by 106.8% in the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after buying an additional 7,091,075 shares in the last quarter. Norges Bank bought a new position in Datadog during the 2nd quarter worth $347,728,000. Invesco Ltd. lifted its holdings in shares of Datadog by 119.2% during the third quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock worth $580,383,000 after buying an additional 2,216,402 shares in the last quarter. Finally, Dragoneer Investment Group LLC lifted its holdings in shares of Datadog by 729.5% during the second quarter. Dragoneer Investment Group LLC now owns 2,254,563 shares of the company’s stock worth $302,855,000 after buying an additional 1,982,763 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Company Profile

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.