Datadog (NASDAQ:DDOG) Given New $190.00 Price Target at Jefferies Financial Group

Key Points

• Jefferies Financial Group raised Datadog's price target from $160.00 to $190.00, maintaining a "buy" rating and suggesting a potential upside of 15.71% from the last close.
• Datadog reported Q2 earnings of $0.46 per share, surpassing expectations, with revenue of $826.76 million, representing a year-over-year increase of 28.1%.
• Insider transactions included CEO Olivier Pomel selling 63,939 shares, causing a 10.70% reduction in his ownership stake.

Datadog (NASDAQ:DDOG - Get Free Report) had its price target raised by stock analysts at Jefferies Financial Group from $160.00 to $190.00 in a research note issued on Tuesday,MarketScreener reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's target price suggests a potential upside of 15.71% from the company's previous close.

DDOG has been the subject of a number of other reports. Wells Fargo & Company began coverage on shares of Datadog in a research note on Tuesday, September 30th. They issued an "overweight" rating and a $190.00 price target for the company. Morgan Stanley lifted their price objective on Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. DA Davidson raised their target price on Datadog from $170.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Bank of America upped their price objective on Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Finally, Guggenheim reiterated a "sell" rating and set a $105.00 target price on shares of Datadog in a research report on Tuesday, July 8th. Twenty-four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $159.54.

Datadog Stock Up 3.4%

Datadog stock opened at $164.20 on Tuesday. The firm has a market cap of $57.26 billion, a price-to-earnings ratio of 469.16, a PEG ratio of 62.11 and a beta of 1.21. The stock has a fifty day simple moving average of $138.56 and a two-hundred day simple moving average of $125.92. Datadog has a 12 month low of $81.63 and a 12 month high of $170.08. The company has a current ratio of 3.43, a quick 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The firm had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. During the same period in the prior year, the company posted $0.43 earnings per share. The company'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. Equities analysts predict that Datadog will post 0.34 EPS for the current fiscal year.

Insider Activity at Datadog

In other news, CEO Olivier Pomel sold 63,939 shares of the company's 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 sale, the chief executive officer directly owned 533,358 shares of the company's stock, valued at $88,014,737.16. This represents a 10.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael James Callahan sold 91,667 shares of the firm's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the completion of the transaction, the director directly owned 12,496 shares of the company's stock, valued at approximately $1,969,369.60. This trade represents a 88.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,474,983 shares of company stock valued at $200,279,885. Corporate insiders own 8.70% of the company's stock.

Institutional Trading of Datadog

Several hedge funds have recently made changes to their positions in the business. Perpetual Ltd grew its position in Datadog by 8.3% in the third quarter. Perpetual Ltd now owns 5,795 shares of the company's stock worth $825,000 after acquiring an additional 442 shares in the last quarter. Sunflower Bank N.A. purchased a new position in shares of Datadog in the 3rd quarter worth approximately $201,000. U.S. Capital Wealth Advisors LLC increased its position in shares of Datadog by 4.5% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 13,800 shares of the company's stock valued at $1,965,000 after purchasing an additional 595 shares during the last quarter. Wedmont Private Capital raised its holdings in Datadog by 18.3% during the 3rd quarter. Wedmont Private Capital now owns 2,219 shares of the company's stock valued at $343,000 after buying an additional 343 shares during the period. Finally, Czech National Bank bought a new stake in Datadog in the third quarter worth $11,692,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

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.