Datadog (NASDAQ:DDOG) Price Target Raised to $225.00 at UBS Group

Datadog (NASDAQ:DDOG) had its price target hoisted by UBS Group from $189.00 to $225.00 in a research note issued to investors on Friday,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on DDOG. CIBC raised shares of Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price target on the stock in a report on Friday. Capital One Financial lifted their price objective on Datadog from $149.00 to $179.00 in a research report on Thursday, October 16th. Monness Crespi & Hardt lifted their price target on shares of Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Raymond James Financial raised their target price on shares of Datadog from $170.00 to $205.00 in a research report on Thursday. Finally, Stifel Nicolaus set a $205.00 price objective on shares of Datadog in a report on Thursday. Twenty-nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Datadog has an average rating of “Moderate Buy” and a consensus price target of $201.89.

Datadog Trading Up 0.2%

NASDAQ DDOG traded up $0.42 during trading on Friday, hitting $191.24. 9,282,929 shares of the company’s stock traded hands, compared to its average volume of 4,210,942. The stock has a fifty day moving average of $149.87 and a two-hundred day moving average of $134.62. Datadog has a 12-month low of $81.63 and a 12-month high of $194.87. The firm has a market cap of $66.69 billion, a P/E ratio of 616.90, a PEG 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.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The company had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. During the same quarter in the previous year, the company posted $0.46 EPS. Datadog’s revenue for the quarter 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. As a group, sell-side analysts expect that Datadog will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 63,939 shares of Datadog stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the completion of the transaction, the chief executive officer owned 533,358 shares in the company, valued at approximately $88,014,737.16. The trade was a 10.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew Jacobson sold 575,863 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total value of $73,111,566.48. Following the completion of the sale, the director directly owned 219,831 shares in the company, valued at approximately $27,909,743.76. This represents a 72.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,510,236 shares of company stock valued at $207,339,763. 8.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Datadog

A number of hedge funds have recently bought and sold shares of DDOG. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Datadog by 887.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock worth $25,000 after buying an additional 22,646 shares during the last quarter. Rothschild Investment LLC increased its position in shares of Datadog by 126.6% during the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in Datadog by 315.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after acquiring an additional 145 shares during the last quarter. Westside Investment Management Inc. raised its holdings in Datadog by 74.3% in the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Finally, Tripletail Wealth Management LLC bought a new position in Datadog in the 3rd quarter valued at approximately $28,000. 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.