Datadog (NASDAQ:DDOG) Now Covered by Analysts at CIBC

Equities research analysts at CIBC assumed coverage on shares of Datadog (NASDAQ:DDOG) in a report issued on Monday. The firm set a “neutral” rating and a $170.00 price target on the stock. CIBC’s price target would suggest a potential upside of 4.03% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. DA Davidson upped their target price on shares of Datadog from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. TD Cowen upped their price target on shares of Datadog from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. BMO Capital Markets upped their price target on shares of Datadog from $150.00 to $154.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Cantor Fitzgerald upped their price target on shares of Datadog from $171.00 to $179.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Finally, Jefferies Financial Group upped their price target on shares of Datadog from $160.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Twenty-six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.10.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded up $0.60 during trading on Monday, reaching $163.41. 687,675 shares of the company’s stock traded hands, compared to its average volume of 5,447,305. 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 has a 12 month low of $81.63 and a 12 month high of $170.08. The company has a 50 day moving average of $146.02 and a 200-day moving average of $132.39. The stock has a market capitalization of $56.99 billion, a P/E ratio of 468.34, a price-to-earnings-growth ratio of 63.70 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm had revenue of $826.76 million during the quarter, compared to analysts’ expectations of $791.72 million. During the same quarter in the prior year, the firm earned $0.43 EPS. Datadog’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. On average, equities analysts expect that Datadog will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 41,468 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were 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 directly owned 438,885 shares of the company’s stock, valued at $66,245,301.90. This represents a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Olivier Pomel sold 11,195 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $154.35, for a total transaction of $1,727,948.25. Following the sale, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at approximately $82,323,807.30. This represents a 2.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,491,232 shares of company stock valued at $202,944,249. Corporate insiders own 8.70% of the company’s stock.

Institutional Trading of Datadog

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Datadog by 2.4% during the second quarter. Vanguard Group Inc. now owns 32,153,489 shares of the company’s stock valued at $4,319,178,000 after acquiring an additional 740,457 shares during the period. Baillie Gifford & Co. raised its holdings in shares of Datadog by 12.6% during the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock valued at $1,217,769,000 after acquiring an additional 1,369,522 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Datadog by 259.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock valued at $858,994,000 after acquiring an additional 6,250,942 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Datadog by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock valued at $667,611,000 after acquiring an additional 1,261,065 shares during the period. Finally, Brown Advisory Inc. raised its holdings in shares of Datadog by 23.3% during the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock valued at $803,793,000 after acquiring an additional 1,130,675 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

About Datadog

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.