Datadog (NASDAQ:DDOG) Upgraded at CIBC

Datadog (NASDAQ:DDOG) was upgraded by stock analysts at CIBC from a “neutral” rating to a “sector outperform” rating in a report released on Friday, MarketBeat.com reports. The firm currently has a $240.00 price target on the stock. CIBC’s price target suggests a potential upside of 26.21% from the stock’s current price.

Several other brokerages also recently weighed in on DDOG. Monness Crespi & Hardt upped their target price on shares of Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Capital One Financial upped their price objective on shares of Datadog from $149.00 to $179.00 in a research report on Thursday, October 16th. Sanford C. Bernstein raised their target price on Datadog from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley lifted their target price on Datadog from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, TD Cowen increased their price target on Datadog from $175.00 to $180.00 and gave the company a “buy” rating in a report on Friday, October 17th. Thirty research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $197.03.

Datadog Trading Down 0.3%

NASDAQ:DDOG traded down $0.66 on Friday, hitting $190.17. 6,357,558 shares of the stock were exchanged, compared to its average volume of 5,534,225. The stock has a fifty day moving average of $148.78 and a 200-day moving average of $133.91. The stock has a market cap of $66.32 billion, a PE ratio of 543.54, a PEG ratio of 60.64 and a beta of 1.20. 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 has a fifty-two week low of $81.63 and a fifty-two week high of $194.87.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The firm had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company’s revenue was up 28.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. As a group, equities analysts expect that Datadog will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Datadog news, Director Michael James Callahan sold 8,333 shares of the company’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $160.55, for a total value of $1,337,863.15. Following the completion of the transaction, the director owned 12,496 shares in the company, valued at approximately $2,006,232.80. This represents a 40.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total value of $6,820,235.52. Following the sale, the director directly owned 1,640 shares in the company, valued at $246,131.20. The trade was a 96.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,510,236 shares of company stock worth $207,339,763. 8.70% of the stock is owned by company insiders.

Institutional Trading of Datadog

A number of large investors have recently added to or reduced their stakes in the business. Motley Fool Asset Management LLC grew its holdings in shares of Datadog by 149.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock valued at $3,783,000 after acquiring an additional 22,818 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Datadog by 24.7% during the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company’s stock worth $78,112,000 after acquiring an additional 156,152 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Datadog by 178.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock valued at $9,032,000 after purchasing an additional 58,369 shares during the last quarter. Mizuho Markets Americas LLC acquired a new stake in Datadog during the first quarter valued at $15,526,000. Finally, Slow Capital Inc. grew its stake in Datadog by 124.0% in the first quarter. Slow Capital Inc. now owns 60,223 shares of the company’s stock valued at $5,975,000 after purchasing an additional 33,332 shares in the last quarter. 78.29% of the stock is currently owned by 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.