DA Davidson Forecasts Strong Price Appreciation for Datadog (NASDAQ:DDOG) Stock

Datadog (NASDAQ:DDOG) had its price target lifted by equities researchers at DA Davidson from $170.00 to $180.00 in a report issued on Friday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s target price points to a potential upside of 18.56% from the stock’s current price.

DDOG has been the subject of a number of other research reports. Guggenheim reissued a “sell” rating and set a $105.00 price objective on shares of Datadog in a research note on Tuesday, July 8th. BMO Capital Markets upped their price target on shares of Datadog from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Canaccord Genuity Group increased their price target on shares of Datadog from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Wells Fargo & Company initiated coverage on shares of Datadog in a report on Tuesday. They issued an “overweight” rating and a $190.00 price target on the stock. Finally, Bank of America upped their price objective on shares of Datadog from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Twenty-five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average price target of $156.69.

Datadog Stock Up 0.2%

Shares of NASDAQ:DDOG opened at $151.82 on Friday. The stock’s 50-day moving average price is $136.59 and its 200-day moving average price is $123.52. Datadog has a 12-month low of $81.63 and a 12-month high of $170.08. The stock has a market capitalization of $52.95 billion, a P/E ratio of 433.78, a price-to-earnings-growth ratio of 59.40 and a beta of 1.21. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The company had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.Datadog’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, equities analysts anticipate that Datadog will post 0.34 earnings per share for the current year.

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 55,352 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total value of $7,407,758.16. Following the completion of the transaction, the chief technology officer owned 438,885 shares in the company, valued at $58,735,979.55. The trade was a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amit Agarwal sold 45,444 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total value of $6,820,235.52. Following the transaction, the director directly owned 1,640 shares in the company, valued at approximately $246,131.20. The trade was a 96.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,384,618 shares of company stock valued at $183,444,843 in the last quarter. 8.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Datadog

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Datadog by 2.4% in the second quarter. Vanguard Group Inc. now owns 32,153,489 shares of the company’s stock worth $4,319,178,000 after acquiring an additional 740,457 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of Datadog by 12.6% during the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock valued at $1,217,769,000 after buying an additional 1,369,522 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Datadog by 259.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock worth $858,994,000 after buying an additional 6,250,942 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Datadog by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock worth $667,611,000 after acquiring an additional 1,261,065 shares during the period. Finally, Brown Advisory Inc. grew its holdings in shares of 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 acquiring an additional 1,130,675 shares during the period. Institutional investors own 78.29% of the company’s stock.

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.