Datadog (NASDAQ:DDOG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Datadog (NASDAQ:DDOG) from a hold rating to a buy rating in a report published on Saturday.

A number of other equities research analysts also recently commented on DDOG. TD Cowen upped their price objective on Datadog from $180.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 7th. Morgan Stanley upped their price target on Datadog from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Royal Bank Of Canada increased their price target on shares of Datadog from $182.00 to $216.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. DA Davidson boosted their price objective on shares of Datadog from $180.00 to $225.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, Cowen reaffirmed a “buy” rating on shares of Datadog in a research note on Thursday, November 6th. Thirty-one analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $207.38.

Datadog Price Performance

Shares of DDOG stock opened at $180.26 on Friday. The firm’s 50 day moving average price is $156.50 and its two-hundred day moving average price is $138.91. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66. Datadog has a 52-week low of $81.63 and a 52-week high of $201.69. The stock has a market cap of $63.21 billion, a PE ratio of 581.48, a PEG ratio of 42.00 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last issued its 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 3.32% and a return on equity of 4.14%. The company had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter in the previous year, the company posted $0.46 EPS. The business’s revenue for the quarter 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 year.

Insider Activity at Datadog

In other news, Director Michael James Callahan sold 91,667 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $157.60, for a total value of $14,446,719.20. Following the completion of the transaction, the director owned 12,496 shares in the company, valued at $1,969,369.60. This represents a 88.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew Jacobson sold 575,863 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the sale, the director owned 219,831 shares in the company, valued at approximately $27,909,743.76. The trade was a 72.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,979,841 shares of company stock worth $303,130,605. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Datadog by 30.3% in the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after buying an additional 9,748,738 shares during the last quarter. State Street Corp grew its stake in shares of Datadog by 106.8% during the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after acquiring an additional 7,091,075 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of Datadog by 12.6% in the first 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. lifted its position in shares of Datadog by 259.7% in the first 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. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Datadog by 23.1% during the first 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 during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

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.