Datadog (NASDAQ:DDOG) Earns Overweight Rating from Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of Datadog (NASDAQ:DDOG) in a report released on Tuesday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $190.00 price target on the stock.

DDOG has been the topic of several other research reports. Scotiabank restated an “outperform” rating on shares of Datadog in a report on Friday, August 8th. Wolfe Research raised shares of Datadog from a “peer perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research report on Thursday, June 12th. Needham & Company LLC reissued a “buy” rating and set a $175.00 price objective on shares of Datadog in a report on Thursday, August 14th. Citigroup raised their target price on Datadog from $165.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 18th. Finally, Mizuho increased their price target on Datadog from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Twenty-five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Datadog Stock Performance

Shares of Datadog stock opened at $151.57 on Tuesday. The business has a 50-day simple moving average of $136.55 and a 200 day simple moving average of $123.05. The firm has a market capitalization of $52.86 billion, a price-to-earnings ratio of 433.07, a PEG ratio of 59.74 and a beta of 1.21. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. Datadog has a one year low of $81.63 and a one year high of $170.08.

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

Insider Activity at Datadog

In other Datadog news, Director Matthew Jacobson sold 575,863 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total value of $73,111,566.48. Following the completion of the sale, the director directly owned 219,831 shares of the company’s stock, valued at $27,909,743.76. This trade represents a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Alexis Le-Quoc sold 55,352 shares of the 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 transaction, the chief technology officer owned 438,885 shares of the company’s stock, valued at $58,735,979.55. The trade was a 11.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,297,706 shares of company stock worth $170,365,427. Insiders own 8.70% of the company’s stock.

Institutional Trading of Datadog

Institutional investors have recently modified their holdings of the business. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock valued at $25,000 after buying an additional 22,646 shares during the period. Cornerstone Planning Group LLC boosted its holdings in Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares during the period. Costello Asset Management INC purchased a new position in shares of Datadog during the 1st quarter valued at $30,000. Opal Wealth Advisors LLC purchased a new stake in shares of Datadog in the first quarter worth $37,000. Finally, Center for Financial Planning Inc. boosted its stake in Datadog by 1,189.7% during the first quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock valued at $37,000 after buying an additional 345 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

About Datadog

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.