Sanford C. Bernstein Forecasts Strong Price Appreciation for Datadog (NASDAQ:DDOG) Stock

Datadog (NASDAQ:DDOG) had its price target increased by equities researchers at Sanford C. Bernstein from $170.00 to $180.00 in a report released on Friday,MarketScreener reports. The brokerage presently has an “outperform” rating on the stock. Sanford C. Bernstein’s target price suggests a potential downside of 5.39% from the company’s previous close.

DDOG has been the subject of a number of other reports. Barclays set a $170.00 price target on Datadog and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Oppenheimer boosted their target price on shares of Datadog from $165.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. DA Davidson raised their price target on shares of Datadog from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Citigroup lifted their price objective on shares of Datadog from $165.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 18th. Finally, Morgan Stanley raised their target price on shares of Datadog from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday. Thirty 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $197.03.

Datadog Trading Down 0.3%

Shares of DDOG traded down $0.57 during midday trading on Friday, hitting $190.25. The stock had a trading volume of 6,357,558 shares, compared to its average volume of 5,534,225. The stock’s 50 day moving average is $148.78 and its 200 day moving average is $133.91. The firm has a market cap of $66.35 billion, a PE ratio of 543.54, a price-to-earnings-growth ratio of 60.64 and a beta of 1.20. 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 1 year low of $81.63 and a 1 year high of $194.87.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.45 by $0.10. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. During the same period in the prior year, the firm posted $0.46 EPS. The firm’s revenue was up 28.4% compared to the same quarter last year. 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, analysts forecast that Datadog will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other Datadog news, 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 sale, the chief technology officer directly owned 438,885 shares of the company’s stock, valued at approximately $58,735,979.55. This represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Amit Agarwal sold 45,444 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director owned 1,640 shares in the company, valued at $246,131.20. This represents 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 valued at $207,339,763 over the last three months. Corporate insiders own 8.70% of the company’s stock.

Institutional Trading of Datadog

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Datadog by 30.3% in the third quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock worth $5,966,877,000 after acquiring an additional 9,748,738 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of Datadog by 12.6% in the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock valued at $1,217,769,000 after purchasing an additional 1,369,522 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in 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 purchasing an additional 6,250,942 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Datadog by 23.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock worth $667,611,000 after purchasing an additional 1,261,065 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in shares of Datadog by 23.3% during the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock valued at $803,793,000 after buying an additional 1,130,675 shares during the last quarter. Hedge funds and other 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.