Mizuho Forecasts Strong Price Appreciation for Datadog (NASDAQ:DDOG) Stock

Key Points

• Mizuho has raised its price target for Datadog (NASDAQ:DDOG) from $155.00 to $170.00, indicating a potential upside of 12.46% from its previous close.
• Other analysts, including Jefferies and Oppenheimer, have also increased their price targets, with Jefferies setting it at $190.00 and Oppenheimer at $195.00, suggesting a strong bullish sentiment on the stock.
• Datadog's quarterly earnings report showed a 28.1% increase in revenue year-over-year, with an EPS of $0.46 that surpassed analyst expectations.

Datadog (NASDAQ:DDOG - Get Free Report) had its price objective raised by research analysts at Mizuho from $155.00 to $170.00 in a report issued on Friday,MarketScreener reports. The firm currently has an "outperform" rating on the stock. Mizuho's price objective indicates a potential upside of 12.46% from the stock's previous close.

DDOG has been the topic of several other reports. Jefferies Financial Group increased their price objective on shares of Datadog from $160.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday. Oppenheimer lifted their price target on Datadog from $165.00 to $195.00 and gave the stock an "outperform" rating in a research note on Friday. Capital One Financial increased their price objective on Datadog from $149.00 to $179.00 in a research note on Thursday. Canaccord Genuity Group upped their target price on shares of Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Bank of America raised their price target on shares of Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Twenty-five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Datadog currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.37.

Datadog Stock Performance

DDOG opened at $151.17 on Friday. The firm has a fifty day moving average price of $139.87 and a 200 day moving average price of $126.76. Datadog has a 1 year low of $81.63 and a 1 year high of $170.08. The stock has a market cap 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 company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its 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. The firm had revenue of $826.76 million for the quarter, compared to analysts' expectations of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company's quarterly revenue was up 28.1% on a year-over-year basis. During the same period last year, the firm earned $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. Equities research analysts anticipate 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 55,352 shares of Datadog stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total value of $7,407,758.16. Following the completion of the transaction, the chief technology officer owned 438,885 shares in the company, valued at approximately $58,735,979.55. This trade represents a 11.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Amit Agarwal sold 45,444 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the completion of the sale, the director directly owned 1,640 shares in the company, valued at approximately $246,131.20. This trade represents a 96.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,491,232 shares of company stock valued at $202,904,731 in the last 90 days. Insiders own 8.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC increased its holdings in Datadog by 13.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 601 shares of the company's stock worth $81,000 after purchasing an additional 73 shares in the last quarter. Nilsine Partners LLC boosted its position in Datadog by 2.4% during the 3rd quarter. Nilsine Partners LLC now owns 3,396 shares of the company's stock worth $484,000 after acquiring an additional 78 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Datadog by 0.8% during the second quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company's stock valued at $1,406,000 after purchasing an additional 82 shares during the last quarter. Biltmore Wealth Management LLC grew its stake in Datadog by 1.5% in the second quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company's stock valued at $769,000 after purchasing an additional 86 shares in the last quarter. Finally, Emerald Advisers LLC raised its stake in shares of Datadog by 1.1% during the 1st quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock worth $923,000 after purchasing an additional 97 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.

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