Datadog, Inc. (NASDAQ:DDOG) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Datadog, Inc. has received an average rating of "Moderate Buy" from thirty research firms, with a consensus 1-year price target of $153.10.
• The company's latest earnings report indicated a quarterly revenue growth of 28.1% year-over-year, with earnings per share of $0.46, exceeding expectations.
• Recent insider trading shows significant stock sales, with CTO Alexis Le-Quoc and Director Matthew Jacobson selling over 700,000 shares combined in recent months.

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) has earned an average rating of "Moderate Buy" from the thirty research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $153.1034.

DDOG has been the topic of several research analyst reports. Bank of America upped their price objective on Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Barclays set a $170.00 price objective on Datadog and gave the company an "overweight" rating in a research report on Thursday, August 7th. Royal Bank Of Canada reissued an "outperform" rating and set a $119.00 price target on shares of Datadog in a research report on Wednesday, May 7th. Citigroup increased their price target on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Finally, DA Davidson set a $160.00 price target on Datadog and gave the stock a "buy" rating in a research report on Tuesday, August 5th.

Datadog Stock Performance

Shares of Datadog stock opened at $136.68 on Tuesday. The stock's fifty day moving average is $137.56 and its two-hundred day moving average is $119.16. The company has a market capitalization of $47.67 billion, a PE ratio of 390.53, a price-to-earnings-growth ratio of 56.37 and a beta of 1.11. 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 has a 52 week low of $81.63 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. The company had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.Datadog's quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, analysts expect that Datadog will post 0.34 earnings per share for the current year.

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $119.96, for a total transaction of $15,247,515.80. Following the transaction, the chief technology officer owned 452,769 shares of the company's stock, valued at approximately $54,314,169.24. This represents a 21.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Matthew Jacobson sold 575,863 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total value of $73,111,566.48. Following the transaction, the director directly owned 219,831 shares in the company, valued at $27,909,743.76. The trade was a 72.37% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,503,062 shares of company stock valued at $193,352,588. 8.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Datadog

A number of hedge funds and other institutional investors have recently made changes to their positions in DDOG. Putney Financial Group LLC purchased a new stake in shares of Datadog during the 4th quarter worth $32,000. Elequin Capital LP purchased a new stake in shares of Datadog during the 4th quarter worth $34,000. Costello Asset Management INC purchased a new stake in shares of Datadog during the 1st quarter worth $30,000. Cornerstone Planning Group LLC lifted its stake in shares of Datadog by 96.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after purchasing an additional 154 shares during the last quarter. Finally, Interchange Capital Partners LLC purchased a new stake in shares of Datadog during the 2nd quarter worth $42,000. Institutional investors 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.