Datadog, Inc. (NASDAQ:DDOG – Free Report) – Stock analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for shares of Datadog in a note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst T. Blakey anticipates that the company will post earnings per share of $0.68 for the year. Cantor Fitzgerald has a “Overweight” rating and a $180.00 price target on the stock. The consensus estimate for Datadog’s current full-year earnings is $0.53 per share.
Other analysts also recently issued reports about the stock. BMO Capital Markets raised their target price on shares of Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Sanford C. Bernstein dropped their price target on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. TD Cowen reissued a “buy” rating and issued a $165.00 target price on shares of Datadog in a report on Tuesday, November 19th. Royal Bank of Canada upped their price target on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Scotiabank cut their target price on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $158.45.
Datadog Price Performance
Shares of DDOG opened at $138.40 on Wednesday. The stock has a market capitalization of $47.02 billion, a P/E ratio of 261.14, a P/E/G ratio of 16.31 and a beta of 1.14. The firm’s 50 day moving average is $146.35 and its 200-day moving average is $128.63. Datadog has a 12-month low of $98.80 and a 12-month high of $170.08.
Insider Activity at Datadog
In related news, CEO Olivier Pomel sold 178,723 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the sale, the chief executive officer now owns 379,693 shares in the company, valued at approximately $61,236,887.04. This trade represents a 32.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Amit Agarwal sold 150,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $126.03, for a total value of $18,904,500.00. Following the completion of the transaction, the president now directly owns 214,275 shares of the company’s stock, valued at approximately $27,005,078.25. This trade represents a 41.18 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 617,679 shares of company stock valued at $88,668,671. Corporate insiders own 11.78% of the company’s stock.
Institutional Investors Weigh In On Datadog
A number of institutional investors have recently bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Datadog by 44,550.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 893 shares of the company’s stock worth $128,000 after acquiring an additional 891 shares during the period. Toth Financial Advisory Corp raised its position in Datadog by 11,750.0% in the fourth quarter. Toth Financial Advisory Corp now owns 2,370 shares of the company’s stock worth $339,000 after purchasing an additional 2,350 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in Datadog by 7.7% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 11,854 shares of the company’s stock valued at $1,694,000 after purchasing an additional 852 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Datadog by 410.9% in the 4th quarter. Fifth Third Bancorp now owns 11,255 shares of the company’s stock valued at $1,608,000 after purchasing an additional 9,052 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Datadog by 31.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 16,172 shares of the company’s stock worth $2,311,000 after buying an additional 3,906 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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