Datadog (NASDAQ:DDOG) Given New $180.00 Price Target at Sanford C. Bernstein

Datadog (NASDAQ:DDOG) had its price target boosted by Sanford C. Bernstein from $170.00 to $180.00 in a research note released on Friday morning,MarketScreener reports. Sanford C. Bernstein currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the company. Oppenheimer raised their price target on Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. KeyCorp raised Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 target price on the stock in a research report on Friday. CIBC began coverage on Datadog in a research note on Monday, November 3rd. They issued a “neutral” rating and a $170.00 target price on the stock. Rosenblatt Securities boosted their price target on shares of Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a report on Thursday. Finally, Truist Financial upped their price target on shares of Datadog from $140.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday. Twenty-nine investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.89.

Datadog Stock Performance

Shares of NASDAQ DDOG traded up $0.42 during midday trading on Friday, hitting $191.24. The company’s stock had a trading volume of 9,282,929 shares, compared to its average volume of 4,210,942. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.43 and a current ratio of 3.66. Datadog has a 1-year low of $81.63 and a 1-year high of $194.87. The firm’s fifty day moving average price is $149.87 and its 200-day moving average price is $134.62. The firm has a market cap of $66.69 billion, a P/E ratio of 616.90, a P/E/G ratio of 74.66 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last issued its earnings results 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. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The firm had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter last year, the company posted $0.46 earnings per share. Datadog’s revenue was up 28.4% on a year-over-year basis. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. On average, sell-side analysts forecast that Datadog will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Amit Agarwal sold 45,444 shares of the company’s stock in a transaction dated 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 completion of the sale, the director owned 1,640 shares of the company’s stock, valued at $246,131.20. This represents a 96.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 55,352 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the completion of the transaction, the chief technology officer owned 438,885 shares of the company’s stock, valued at $58,735,979.55. This represents a 11.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,510,236 shares of company stock valued at $207,339,763. Company insiders own 8.70% of the company’s stock.

Institutional Trading of Datadog

Institutional investors have recently made changes to their positions in the stock. OVERSEA CHINESE BANKING Corp Ltd increased its stake 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 acquiring an additional 22,646 shares during the period. Rothschild Investment LLC lifted its position in Datadog by 126.6% in the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Physician Wealth Advisors Inc. boosted its stake in Datadog by 315.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 145 shares in the last quarter. Westside Investment Management Inc. boosted its stake in Datadog by 74.3% during the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Finally, Tripletail Wealth Management LLC acquired a new position in shares of Datadog during the 3rd quarter valued at $28,000. 78.29% of the stock is owned by institutional investors and hedge funds.

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.