BTIG Research Issues Positive Forecast for Datadog (NASDAQ:DDOG) Stock Price

Key Points

• BTIG Research has raised its price target for Datadog's stock from $169.00 to $184.00, indicating a potential upside of 17.76% from its current price and maintaining a "buy" rating.
• In addition to BTIG, several other brokerages have set price targets for Datadog, with Bank of America raising its target to $175.00 and Canaccord Genuity increasing it to $160.00, contributing to an overall sentiment of "Moderate Buy" among analysts.
• Datadog’s financial performance includes a reported $0.46 earnings per share for the latest quarter, exceeding consensus estimates, while its quarterly revenue increased by 28.1% compared to the same quarter last year.

Datadog (NASDAQ:DDOG - Get Free Report) had its price target raised by equities researchers at BTIG Research from $169.00 to $184.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. BTIG Research's target price points to a potential upside of 17.76% from the stock's current price.

Several other brokerages also recently weighed in on DDOG. Wells Fargo & Company started coverage on shares of Datadog in a research report on Tuesday, September 30th. They issued an "overweight" rating and a $190.00 price objective on the stock. Bank of America lifted their price objective on shares of Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Canaccord Genuity Group boosted their price target on shares of Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Cantor Fitzgerald boosted their price target on shares of Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Finally, Oppenheimer boosted their price target on shares of Datadog from $165.00 to $195.00 and gave the stock an "outperform" rating in a research report on Friday, October 17th. Twenty-six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Datadog presently has an average rating of "Moderate Buy" and an average price target of $163.97.

Datadog Trading Down 0.0%

Shares of NASDAQ:DDOG opened at $156.25 on Wednesday. The company has a market cap of $54.49 billion, a PE ratio of 446.44, a P/E/G ratio of 61.15 and a beta of 1.21. The company's 50-day moving average price is $141.41 and its 200 day moving average price is $128.20. Datadog has a fifty-two week low of $81.63 and a fifty-two week 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 issued its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. The firm had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. Datadog's quarterly revenue was up 28.1% compared to the same quarter last year. During the same period last year, the firm posted $0.43 EPS. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Sell-side analysts anticipate that Datadog will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Michael James Callahan sold 91,667 shares of Datadog 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 transaction, the director owned 12,496 shares of the company's stock, valued at $1,969,369.60. The trade was a 88.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Olivier Pomel sold 63,939 shares of Datadog stock in a transaction that occurred 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 directly owned 533,358 shares in the company, valued at $88,014,737.16. This represents a 10.70% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,491,232 shares of company stock worth $202,904,731. 8.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Datadog

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Datadog by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 32,153,489 shares of the company's stock worth $4,319,178,000 after purchasing an additional 740,457 shares during the last quarter. Baillie Gifford & Co. increased its position 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 worth $1,217,769,000 after acquiring an additional 1,369,522 shares in the last quarter. Goldman Sachs Group Inc. increased 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 acquiring an additional 6,250,942 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Datadog by 23.1% in 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 acquiring an additional 1,261,065 shares in the last quarter. Finally, Brown Advisory Inc. increased its position in shares of Datadog by 23.3% in the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company's stock worth $803,793,000 after acquiring an additional 1,130,675 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.