Weekly Research Analysts’ Ratings Changes for Datadog (DDOG)

Several brokerages have updated their recommendations and price targets on shares of Datadog (NASDAQ: DDOG) in the last few weeks:

• 1/22/2025 – Datadog had its “neutral” rating reaffirmed by analysts at Guggenheim.
• 1/17/2025 – Datadog is now covered by analysts at Cantor Fitzgerald. They set an “overweight” rating and a $180.00 price target on the stock.
• 1/17/2025 – Datadog had its price target raised by analysts at Citigroup Inc. from $157.00 to $170.00. They now have a “buy” rating on the stock.
• 1/16/2025 – Datadog had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $143.00 price target on the stock.
• 1/7/2025 – Datadog was downgraded by analysts at Truist Financial Co. from a “buy” rating to a “hold” rating. They now have a $150.00 price target on the stock, down previously from $170.00.
• 1/6/2025 – Datadog had its price target raised by analysts at Jefferies Financial Group Inc. from $155.00 to $170.00. They now have a “buy” rating on the stock.
• 1/3/2025 – Datadog had its price target raised by analysts at Royal Bank of Canada from $151.00 to $170.00. They now have an “outperform” rating on the stock.
• 12/23/2024 – Datadog had its price target raised by analysts at Loop Capital from $160.00 to $200.00. They now have a “buy” rating on the stock.
• 12/18/2024 – Datadog had its price target raised by analysts at Stifel Nicolaus from $141.00 to $165.00. They now have a “buy” rating on the stock.
• 12/13/2024 – Datadog had its price target raised by analysts at Mizuho from $155.00 to $170.00. They now have an “outperform” rating on the stock.
• 12/12/2024 – Datadog is now covered by analysts at Macquarie. They set an “outperform” rating and a $200.00 price target on the stock.
• 12/12/2024 – Datadog had its price target raised by analysts at Truist Financial Co. from $155.00 to $170.00. They now have a “buy” rating on the stock.
• 12/6/2024 – Datadog had its price target raised by analysts at Barclays PLC from $155.00 to $187.00. They now have an “overweight” rating on the stock.

Datadog Stock Performance

DDOG stock traded up $1.72 during trading on Wednesday, hitting $140.12. The stock had a trading volume of 3,866,769 shares, compared to its average volume of 3,466,439. The stock has a market cap of $47.60 billion, a price-to-earnings ratio of 264.38, a price-to-earnings-growth ratio of 16.31 and a beta of 1.14. The company’s 50 day moving average price is $146.65 and its two-hundred day moving average price is $128.66. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08.

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the transaction, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $61,236,887.04. This represents a 32.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the sale, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at $45,861,901.38. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 617,679 shares of company stock worth $88,668,671 over the last quarter. 11.78% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Datadog by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 306,402 shares of the company’s stock worth $39,735,000 after acquiring an additional 29,890 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of Datadog by 156.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 9,208 shares of the company’s stock valued at $1,196,000 after buying an additional 5,615 shares during the last quarter. Amalgamated Bank boosted its position in shares of Datadog by 6.5% during the second quarter. Amalgamated Bank now owns 20,202 shares of the company’s stock worth $2,620,000 after buying an additional 1,236 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in Datadog by 249.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,232 shares of the company’s stock worth $290,000 after buying an additional 1,593 shares in the last quarter. Finally, DRW Securities LLC acquired a new position in shares of Datadog during the second quarter valued at $242,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

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.