Datadog (NASDAQ:DDOG) Stock Price Expected to Rise, TD Cowen Analyst Says

Key Points

• TD Cowen raised Datadog's price target from $175.00 to $180.00, indicating a potential upside of 19.07% from its previous close, while maintaining a "buy" rating on the stock.
• Several other analysts have also increased their price targets for Datadog, with UBS Group setting a target at $189.00 and Oppenheimer at $195.00, reflecting strong confidence in the company's performance.
• Datadog reported a revenue increase of 28.1% year-over-year, achieving $826.76 million for the quarter, surpassing expectations and illustrating significant growth within the firm's operations.

Datadog (NASDAQ:DDOG - Get Free Report) had its price target hoisted by equities researchers at TD Cowen from $175.00 to $180.00 in a report issued on Friday,MarketScreener reports. The brokerage currently has a "buy" rating on the stock. TD Cowen's target price indicates a potential upside of 19.07% from the stock's previous close.

A number of other research analysts also recently commented on DDOG. Cantor Fitzgerald increased their target price on Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Capital One Financial raised their price target on shares of Datadog from $149.00 to $179.00 in a research report on Thursday. Needham & Company LLC reiterated a "buy" rating and set a $175.00 price target on shares of Datadog in a research report on Thursday, August 14th. UBS Group upped their price objective on Datadog from $165.00 to $189.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Finally, Oppenheimer boosted their price target on shares of Datadog from $165.00 to $195.00 and gave the company an "outperform" rating in a report on Friday. Twenty-five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $162.37.

Datadog Trading Down 5.5%

DDOG opened at $151.17 on Friday. The firm has a market capitalization of $52.72 billion, a P/E ratio of 431.93, a P/E/G ratio of 62.61 and a beta of 1.21. The firm's 50 day moving average is $139.87 and its 200-day moving average is $126.76. 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 earnings results 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. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same period last year, the firm earned $0.43 earnings per share. The company's 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. Analysts expect that Datadog will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Amit Agarwal sold 45,444 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the completion of the transaction, the director owned 1,640 shares of the company's stock, valued at $246,131.20. This trade represents a 96.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 41,468 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $150.94, for a total transaction of $6,259,179.92. Following the completion of the sale, the chief technology officer owned 438,885 shares in the company, valued at approximately $66,245,301.90. This trade represents a 8.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,491,232 shares of company stock worth $202,904,731. 8.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. OVERSEA CHINESE BANKING Corp Ltd grew its stake in Datadog by 887.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after acquiring an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after buying an additional 154 shares during the period. Costello Asset Management INC acquired a new position in shares of Datadog during the 1st quarter worth $30,000. Center for Financial Planning Inc. lifted its stake in shares of Datadog by 1,189.7% in the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company's stock valued at $37,000 after purchasing an additional 345 shares during the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in Datadog in the first quarter worth $39,000. 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.

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.