Royal Bank Of Canada Issues Positive Forecast for Datadog (NASDAQ:DDOG) Stock Price

by · The Cerbat Gem

Datadog (NASDAQ:DDOG – Get Free Report) had its target price raised by investment analysts at Royal Bank Of Canada from $182.00 to $216.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 12.95% from the company’s current price.

DDOG has been the subject of a number of other research reports. Truist Financial boosted their price objective on Datadog from $140.00 to $195.00 and gave the company a “hold” rating in a research report on Friday. TD Cowen raised their target price on Datadog from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, October 17th. The Goldman Sachs Group upped their price target on shares of Datadog from $165.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday. Capital One Financial increased their price objective on shares of Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. Finally, KeyCorp upgraded shares of Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 price objective on the stock in a research report on Friday. Thirty equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $198.94.

View Our Latest Stock Report on Datadog

Datadog Stock Performance

Shares of Datadog stock traded up $0.42 during trading hours on Friday, reaching $191.24. The company’s stock had a trading volume of 9,281,052 shares, compared to its average volume of 5,549,686. Datadog has a one year low of $81.63 and a one year high of $194.87. The company’s 50 day simple moving average is $148.78 and its 200 day simple moving average is $133.91. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. The stock has a market cap of $66.69 billion, a P/E ratio of 546.42, a price-to-earnings-growth ratio of 60.64 and a beta of 1.20.

Datadog (NASDAQ:DDOG – Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.10. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. Datadog’s quarterly revenue was up 28.4% on a year-over-year basis. 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, analysts expect that Datadog will post 0.34 EPS for the current fiscal year.

Insider Activity

In other Datadog news, Director Michael James Callahan sold 91,667 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the sale, the director directly owned 12,496 shares in the company, valued at approximately $1,969,369.60. The trade was a 88.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Alexis Le-Quoc sold 55,352 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the completion of the transaction, the chief technology officer owned 438,885 shares of the company’s stock, valued at $58,735,979.55. This trade represents a 11.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,510,236 shares of company stock worth $207,339,763 in the last 90 days. 8.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Datadog

A number of hedge funds and other institutional investors have recently modified their holdings of DDOG. Motley Fool Asset Management LLC boosted its position in Datadog by 149.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock worth $3,783,000 after acquiring an additional 22,818 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Datadog by 24.7% in the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company’s stock worth $78,112,000 after purchasing an additional 156,152 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Datadog by 178.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock worth $9,032,000 after purchasing an additional 58,369 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of Datadog during the first quarter worth approximately $15,526,000. Finally, Slow Capital Inc. grew its position in Datadog by 124.0% during 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. Institutional investors own 78.29% of the company’s stock.

Datadog Company Profile

(Get Free Report)

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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