Datadog (NASDAQ:DDOG) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Datadog (NASDAQ:DDOG) had its price target raised by research analysts at Cantor Fitzgerald from $179.00 to $220.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 15.69% from the stock’s previous close.

Several other brokerages have also recently weighed in on DDOG. Oppenheimer upped their price target on Datadog from $165.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Cowen reaffirmed a “buy” rating on shares of Datadog in a research note on Thursday. Capital One Financial increased their target price on shares of Datadog from $149.00 to $179.00 in a research note on Thursday, October 16th. BMO Capital Markets raised their price target on shares of Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a report on Friday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Datadog in a report on Wednesday, October 8th. Thirty investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.03.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded down $0.66 during trading on Friday, hitting $190.17. 6,357,558 shares of the company were exchanged, compared to its average volume of 5,534,225. Datadog has a 52-week low of $81.63 and a 52-week high of $194.87. The stock has a 50 day moving average of $148.78 and a 200 day moving average of $133.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The company has a market cap of $66.32 billion, a PE ratio of 543.54, a P/E/G ratio of 60.64 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $852.77 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The firm’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. As a group, equities research analysts predict that Datadog will post 0.34 EPS for the current year.

Insider Activity

In other Datadog news, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the transaction, the director directly owned 1,640 shares of the company’s stock, valued at approximately $246,131.20. This trade represents a 96.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael James Callahan sold 91,667 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the completion of the sale, the director owned 12,496 shares of the company’s stock, valued at approximately $1,969,369.60. The trade was a 88.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,510,236 shares of company stock worth $207,339,763. 8.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Datadog

Several institutional investors and hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC boosted its position in Datadog by 13.8% during the second quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after buying an additional 73 shares during the period. Westside Investment Management Inc. increased its holdings in shares of Datadog by 74.3% in the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after buying an additional 75 shares during the period. Nilsine Partners LLC lifted its stake in shares of Datadog by 2.4% in the 3rd quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock valued at $484,000 after acquiring an additional 78 shares during the last quarter. PDS Planning Inc boosted its holdings in Datadog by 4.2% during the 3rd quarter. PDS Planning Inc now owns 1,975 shares of the company’s stock valued at $281,000 after acquiring an additional 80 shares during the period. Finally, Ameritas Investment Partners Inc. grew its position in Datadog by 0.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock worth $1,406,000 after acquiring an additional 82 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

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.