Robert W. Baird Boosts Datadog (NASDAQ:DDOG) Price Target to $220.00

Datadog (NASDAQ:DDOG) had its price target raised by equities researchers at Robert W. Baird from $165.00 to $220.00 in a research note issued on Friday,MarketScreener reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 15.04% from the stock’s previous close.

Several other research firms have also issued reports on DDOG. The Goldman Sachs Group lifted their price target on shares of Datadog from $165.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday. Needham & Company LLC upped their target price on Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a report on Thursday. Bank of America increased their price target on Datadog from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus set a $205.00 price objective on Datadog in a report on Thursday. Finally, BTIG Research raised their target price on shares of Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a report on Thursday. Thirty 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 stock. According to data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.42.

Datadog Stock Up 0.2%

Shares of DDOG stock opened at $191.24 on Friday. The business’s fifty day moving average is $149.87 and its 200-day moving average is $134.92. The stock has a market cap of $66.69 billion, a PE ratio of 616.90, a price-to-earnings-growth ratio of 74.82 and a beta of 1.20. Datadog has a 1 year low of $81.63 and a 1 year high of $194.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.43 and a current ratio of 3.66.

Datadog (NASDAQ:DDOG) last issued its quarterly 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 net margin of 3.32% and a return on equity of 4.14%. The company had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. During the same period in the prior year, the company earned $0.46 EPS. Datadog’s revenue 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. Equities analysts expect that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael James Callahan sold 8,333 shares of Datadog stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $160.55, for a total transaction of $1,337,863.15. Following the completion of the sale, the director owned 12,496 shares of the company’s stock, valued at approximately $2,006,232.80. This trade represents a 40.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 62,682 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $163.90, for a total value of $10,273,579.80. Following the completion of the transaction, the chief executive officer owned 533,358 shares in the company, valued at $87,417,376.20. This trade represents a 10.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,510,236 shares of company stock worth $207,339,763. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Datadog

Institutional investors have recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in Datadog in the fourth quarter worth approximately $209,000. Bison Wealth LLC acquired a new position in Datadog during the fourth quarter worth $228,000. Alps Advisors Inc. raised its holdings in Datadog by 24.6% during the first quarter. Alps Advisors Inc. now owns 24,452 shares of the company’s stock valued at $2,426,000 after buying an additional 4,826 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Datadog by 128.5% in the first quarter. Cerity Partners LLC now owns 90,736 shares of the company’s stock worth $9,002,000 after buying an additional 51,032 shares during the last quarter. Finally, Xponance Inc. boosted its stake in shares of Datadog by 3.7% during the 1st quarter. Xponance Inc. now owns 58,458 shares of the company’s stock worth $5,800,000 after acquiring an additional 2,095 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.