Datadog (NASDAQ:DDOG) Rating Increased to Overweight at KeyCorp

KeyCorp upgraded shares of Datadog (NASDAQ:DDOG) from a sector weight rating to an overweight rating in a research report sent to investors on Friday morning, Marketbeat.com reports. KeyCorp currently has $230.00 price objective on the stock.

A number of other analysts also recently issued reports on DDOG. Stifel Nicolaus set a $205.00 price target on Datadog in a report on Thursday. Rosenblatt Securities increased their target price on Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley boosted their price target on shares of Datadog from $115.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Needham & Company LLC upped their price target on shares of Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Sanford C. Bernstein increased their price objective on shares of Datadog from $147.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Twenty-nine analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and an average price target of $201.89.

Datadog Stock Performance

DDOG traded up $0.42 during midday trading 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. Datadog has a 1 year low of $81.63 and a 1 year high of $194.87. The company has a quick ratio of 3.43, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. The company has a market cap of $66.69 billion, a P/E ratio of 616.90, a P/E/G ratio of 74.66 and a beta of 1.20. The business has a 50-day moving average of $149.87 and a two-hundred day moving average of $134.62.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.10. The company had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. 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, equities research analysts predict that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In related news, Director Amit Agarwal sold 45,444 shares of the company’s stock in a transaction dated 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 directly owned 1,640 shares of the company’s stock, valued at $246,131.20. This represents a 96.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael James Callahan sold 8,333 shares of the stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $160.55, for a total transaction of $1,337,863.15. Following the transaction, the director owned 12,496 shares in the company, valued at approximately $2,006,232.80. This represents a 40.01% 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 in the last ninety days. Corporate insiders own 8.70% of the company’s stock.

Institutional Trading of Datadog

A number of institutional investors have recently made changes to their positions in DDOG. V Square Quantitative Management LLC lifted its stake in shares of Datadog by 13.8% during the second quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock worth $81,000 after buying an additional 73 shares during the period. Westside Investment Management Inc. grew its holdings in Datadog by 74.3% during the third 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 period. Nilsine Partners LLC grew its stake in shares of Datadog by 2.4% during the 3rd quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock worth $484,000 after purchasing an additional 78 shares during the period. PDS Planning Inc increased its holdings in Datadog by 4.2% in the third 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. increased its stake 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 purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds 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.