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

Datadog, Inc. (NASDAQ:DDOG) has earned a consensus rating of “Moderate Buy” from the thirty-eight research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirty-two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $207.7838.

A number of brokerages have recently issued reports on DDOG. Robert W. Baird lifted their price target on Datadog from $165.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Royal Bank Of Canada raised their target price on shares of Datadog from $182.00 to $216.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Capital One Financial lifted their target price on shares of Datadog from $149.00 to $179.00 in a research report on Thursday, October 16th. CIBC raised shares of Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price target on the stock in a report on Friday, November 7th. Finally, Jefferies Financial Group raised their price objective on shares of Datadog from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, November 6th.

Datadog Stock Down 1.6%

DDOG opened at $133.77 on Monday. The firm has a market capitalization of $46.91 billion, a P/E ratio of 431.52, a price-to-earnings-growth ratio of 24.79 and a beta of 1.26. Datadog has a one year low of $81.63 and a one year high of $201.69. The company has a fifty day moving average price of $157.12 and a 200-day moving average price of $146.70. 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 posted its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating 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 company had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. During the same quarter last year, the company earned $0.46 earnings per share. The firm’s quarterly revenue was up 28.4% on a year-over-year basis. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. Equities research analysts expect that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Datadog

In other Datadog news, COO Adam Blitzer sold 8,023 shares of Datadog stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $154.61, for a total transaction of $1,240,436.03. Following the completion of the sale, the chief operating officer owned 165,197 shares of the company’s stock, valued at $25,541,108.17. The trade was a 4.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 32,418 shares of the company’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $137.85, for a total value of $4,468,821.30. Following the completion of the transaction, the chief technology officer owned 301,458 shares of the company’s stock, valued at $41,555,985.30. The trade was a 9.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,170,613 shares of company stock valued at $210,044,645. 8.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Datadog by 30.3% in the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after purchasing an additional 9,748,738 shares in the last quarter. State Street Corp lifted its stake in Datadog by 106.8% in the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after purchasing an additional 7,091,075 shares during the last quarter. Brown Advisory Inc. lifted its stake in Datadog by 23.3% in the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock worth $803,793,000 after purchasing an additional 1,130,675 shares during the last quarter. Geode Capital Management LLC boosted its position in Datadog by 4.3% during the second quarter. Geode Capital Management LLC now owns 5,827,784 shares of the company’s stock valued at $780,727,000 after buying an additional 242,273 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Datadog by 0.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,289,570 shares of the company’s stock valued at $610,835,000 after buying an additional 40,276 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

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.