Oppenheimer Increases Datadog (NASDAQ:DDOG) Price Target to $195.00

Key Points

• Oppenheimer has raised Datadog's price target from $165.00 to $195.00, predicting a potential upside of 28.99% from the company's last close, while maintaining an "outperform" rating.
• In addition to Oppenheimer, various analysts, including Cantor Fitzgerald and Mizuho, have also increased their price targets for Datadog, enhancing positive sentiment around the stock.
• Datadog reported financial results exceeding analyst expectations, with EPS of $0.46 for the last quarter, alongside a revenue increase of 28.1% year-over-year, reflecting strong operational performance.

Datadog (NASDAQ:DDOG - Get Free Report) had its target price boosted by research analysts at Oppenheimer from $165.00 to $195.00 in a note issued to investors on Friday,MarketScreener reports. The firm currently has an "outperform" rating on the stock. Oppenheimer's price target suggests a potential upside of 28.99% from the company's previous close.

Other analysts have also issued research reports about the stock. Cantor Fitzgerald raised their price objective on shares of Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Mizuho upped their price target on shares of Datadog from $145.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Canaccord Genuity Group boosted their target price on shares of Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Morgan Stanley raised their price target on shares of Datadog from $115.00 to $165.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, BMO Capital Markets increased their price objective on Datadog from $150.00 to $154.00 and gave the company an "outperform" rating in a research report on Monday, September 29th. Twenty-five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $162.37.

Datadog Stock Down 5.5%

Datadog stock opened at $151.17 on Friday. Datadog has a 1-year low of $81.63 and a 1-year high of $170.08. The firm's fifty day simple moving average is $139.87 and its 200-day simple moving average is $126.76. The company 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 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 issued its quarterly earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. The company had revenue of $826.76 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. 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 forecast that Datadog will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Datadog news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $162.58, for a total value of $1,286,983.28. Following the transaction, the director owned 364,449 shares of the company's stock, valued at approximately $59,252,118.42. The trade was a 2.13% 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 company's stock in a transaction on 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 transaction, the chief technology officer directly owned 438,885 shares of the company's stock, valued at approximately $66,245,301.90. The trade was a 8.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,491,232 shares of company stock worth $202,904,731 over the last 90 days. 8.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Datadog

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