BMO Capital Markets Boosts Datadog (NASDAQ:DDOG) Price Target to $154.00

Key Points

• BMO Capital Markets has raised its price target for Datadog (NASDAQ:DDOG) from $150.00 to $154.00, indicating a potential upside of 10.74% from the stock's previous close and maintaining an "outperform" rating.
• Datadog's recent quarterly earnings beat analyst expectations, reporting $0.46 EPS against a consensus estimate of $0.41, with revenue increasing 28.1% year-over-year to $826.76 million.
• Under the guidance of various analysts, Datadog has received multiple price target increases, reflecting strong confidence from the market, with an average price target currently at $153.41.

Datadog (NASDAQ:DDOG - Get Free Report) had its price target increased by research analysts at BMO Capital Markets from $150.00 to $154.00 in a research note issued on Monday,MarketScreener reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' price objective points to a potential upside of 10.74% from the stock's previous close.

Several other brokerages also recently commented on DDOG. Monness Crespi & Hardt raised their price objective on shares of Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Wolfe Research raised Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price target for the company in a report on Thursday, June 12th. Morgan Stanley increased their price objective on shares of Datadog from $115.00 to $165.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Needham & Company LLC restated a "buy" rating and issued a $175.00 price objective on shares of Datadog in a report on Thursday, August 14th. Finally, Bank of America lifted their price objective on Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Twenty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Datadog currently has a consensus rating of "Moderate Buy" and an average price target of $153.41.

Datadog Price Performance

DDOG stock opened at $139.07 on Monday. The company's 50-day moving average price is $136.33 and its two-hundred day moving average price is $122.07. The firm has a market cap of $48.50 billion, a P/E ratio of 397.35, a P/E/G ratio of 54.41 and a beta of 1.11. Datadog has a 12 month low of $81.63 and a 12 month high of $170.08. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. During the same quarter in the previous year, the business posted $0.43 EPS. Datadog's quarterly revenue was up 28.1% on a year-over-year basis. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, analysts anticipate that Datadog will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Datadog news, Director Amit Agarwal sold 10,094 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $134.36, for a total transaction of $1,356,229.84. Following the sale, the director directly owned 1,640 shares of the company's stock, valued at $220,350.40. The trade was a 86.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Kerry Acocella sold 5,142 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total value of $688,256.70. Following the completion of the sale, the general counsel directly owned 97,377 shares in the company, valued at $13,033,911.45. This trade represents a 5.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,322,175 shares of company stock valued at $173,997,227. 8.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Datadog

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Datadog by 32.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock valued at $2,216,000 after purchasing an additional 3,760 shares during the period. Motley Fool Asset Management LLC increased its holdings in shares of Datadog by 149.0% in the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company's stock worth $3,783,000 after buying an additional 22,818 shares during the period. LBP AM SA raised its holdings in shares of Datadog by 40.2% during the first quarter. LBP AM SA now owns 419,805 shares of the company's stock valued at $41,649,000 after acquiring an additional 120,343 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Datadog by 24.7% in the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock worth $78,112,000 after purchasing an additional 156,152 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Datadog by 178.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company's stock worth $9,032,000 after buying an additional 58,369 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

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.

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