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

Shares of Datadog, Inc. (NASDAQ:DDOG) have earned a consensus rating of “Moderate Buy” from the thirty-seven analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and thirty-one have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $207.3784.

Several equities research analysts recently weighed in on the stock. Cantor Fitzgerald boosted their price target on shares of Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Barclays lifted their price objective on shares of Datadog from $170.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Macquarie boosted their target price on shares of Datadog from $175.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Robert W. Baird increased their price target on shares of Datadog from $165.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, Jefferies Financial Group lifted 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.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief technology officer directly owned 395,661 shares in the company, valued at $78,336,921.39. This trade represents a 11.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the transaction, the director directly owned 1,640 shares of the company’s stock, valued at $246,131.20. The trade was a 96.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,412,579 shares of company stock worth $246,193,072. 8.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Datadog

Several institutional investors have recently made changes to their positions in DDOG. Rothschild Investment LLC grew its holdings in Datadog by 126.6% during the 3rd quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of Datadog by 315.2% during the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $27,000 after buying an additional 145 shares during the period. Westside Investment Management Inc. boosted its position in shares of Datadog by 74.3% during the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after buying an additional 75 shares during the period. JPL Wealth Management LLC bought a new position in shares of Datadog during the third quarter valued at approximately $27,000. Finally, Tripletail Wealth Management LLC bought a new position in shares of Datadog during the third quarter valued at approximately $28,000. Institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Shares of Datadog stock opened at $151.20 on Thursday. The stock has a 50 day moving average of $163.11 and a 200 day moving average of $144.20. Datadog has a 12 month low of $81.63 and a 12 month high of $201.69. The firm has a market cap of $53.02 billion, a PE ratio of 487.74, a PEG ratio of 33.32 and a beta of 1.23. 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 quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 4.14% and a net margin of 3.32%.The company’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. 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, research analysts expect that Datadog will post 0.34 EPS for the current fiscal year.

Datadog Company Profile

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.