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

Datadog (NASDAQ:DDOG) had its price target upped by investment analysts at Barclays from $170.00 to $215.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 16.11% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Monness Crespi & Hardt upped their target price on shares of Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. BMO Capital Markets upped their target price on shares of Datadog from $154.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday. Raymond James Financial boosted their price objective on shares of Datadog from $170.00 to $205.00 in a research report on Thursday. Mizuho increased their price target on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Datadog in a research note on Wednesday, October 8th. Twenty-nine investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.18.

Datadog Price Performance

NASDAQ:DDOG traded down $5.65 during trading hours on Friday, reaching $185.17. The company had a trading volume of 4,447,242 shares, compared to its average volume of 5,526,691. The firm has a market capitalization of $64.58 billion, a PE ratio of 528.35, a PEG ratio of 60.64 and a beta of 1.20. Datadog has a one year low of $81.63 and a one year high of $194.87. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average of $148.78 and a two-hundred day moving average of $133.91.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. The company had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. Datadog’s quarterly 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 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. Analysts forecast that Datadog will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other Datadog news, Director Michael James Callahan sold 91,667 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $157.60, for a total value of $14,446,719.20. Following the completion of the transaction, the director directly owned 12,496 shares in the company, valued at approximately $1,969,369.60. This trade represents a 88.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amit Agarwal sold 45,444 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 1,640 shares in the company, valued at $246,131.20. The trade was a 96.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,510,236 shares of company stock worth $207,339,763 over the last 90 days. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Datadog

Several institutional investors have recently modified their holdings of the business. Westside Investment Management Inc. increased its position in shares of 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 during the last quarter. Tripletail Wealth Management LLC purchased a new stake in shares of Datadog during the third quarter worth $28,000. Physician Wealth Advisors Inc. boosted its position in shares of Datadog by 315.2% in the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $27,000 after acquiring an additional 145 shares during the period. Hazlett Burt & Watson Inc. purchased a new position in shares of Datadog during the 3rd quarter valued at $28,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in Datadog in the 3rd quarter worth about $40,000. 78.29% of the stock is owned by 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.