Datadog (NASDAQ:DDOG) Given New $225.00 Price Target at The Goldman Sachs Group

Datadog (NASDAQ:DDOG) had its price objective lifted by The Goldman Sachs Group from $165.00 to $225.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

DDOG has been the topic of a number of other research reports. Citigroup upped their target price on Datadog from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Capital One Financial boosted their price objective on Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Datadog in a research report on Wednesday, October 8th. UBS Group lifted their target price on Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley boosted their target price on shares of Datadog from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday. Twenty-nine equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $201.89.

Datadog Trading Up 0.2%

Shares of Datadog stock traded up $0.42 on Friday, reaching $191.24. The company had a trading volume of 9,282,929 shares, compared to its average volume of 4,210,942. The firm has a market cap of $66.69 billion, a price-to-earnings ratio of 616.90, a P/E/G ratio of 74.66 and a beta of 1.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.43. The firm’s 50-day moving average price is $149.87 and its two-hundred day moving average price is $134.62. Datadog has a 1 year low of $81.63 and a 1 year high of $194.87.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate 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 4.14% and a net margin of 3.32%.Datadog’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same quarter in the prior year, the firm 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, research analysts predict that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other news, Director Shardul Shah sold 7,916 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $162.58, for a total transaction of $1,286,983.28. Following the transaction, the director directly owned 364,449 shares in the company, valued at approximately $59,252,118.42. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 41,468 shares of Datadog stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $150.94, for a total transaction of $6,259,179.92. Following the transaction, the chief technology officer directly owned 438,885 shares in the company, valued at approximately $66,245,301.90. The trade was a 8.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,510,236 shares of company stock worth $207,339,763. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. 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 purchasing an additional 73 shares in the last quarter. Westside Investment Management Inc. raised its holdings in 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 purchasing an additional 75 shares in the last quarter. Nilsine Partners LLC lifted its position in shares of Datadog by 2.4% during the third quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock valued at $484,000 after buying an additional 78 shares during the last quarter. PDS Planning Inc boosted its holdings in shares of Datadog by 4.2% in the 3rd quarter. PDS Planning Inc now owns 1,975 shares of the company’s stock valued at $281,000 after buying an additional 80 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Datadog by 0.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock valued at $1,406,000 after buying an additional 82 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

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.