Datadog (NASDAQ:DDOG) Given New $175.00 Price Target at Evercore ISI

Datadog (NASDAQ:DDOG) had its price objective decreased by research analysts at Evercore ISI from $215.00 to $175.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 35.32% from the company’s current price.

DDOG has been the subject of several other research reports. Canaccord Genuity Group cut their price objective on Datadog from $225.00 to $210.00 and set a “buy” rating for the company in a report on Friday, December 19th. Stifel Nicolaus set a $160.00 price objective on shares of Datadog and gave the company a “buy” rating in a research report on Thursday, January 22nd. Robert W. Baird lifted their price objective on shares of Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. BTIG Research increased their target price on shares of Datadog from $184.00 to $221.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Mizuho reduced their target price on shares of Datadog from $200.00 to $170.00 and set an “outperform” rating for the company in a report on Wednesday, January 21st. Thirty-five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $189.36.

Datadog Price Performance

DDOG opened at $129.32 on Monday. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $139.51 and its 200 day moving average price is $145.41. Datadog has a fifty-two week low of $81.63 and a fifty-two week high of $201.69. The firm has a market cap of $45.35 billion, a price-to-earnings ratio of 417.16, a price-to-earnings-growth ratio of 23.07 and a beta of 1.27.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.10. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The company had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. As a group, sell-side analysts expect that Datadog will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In other Datadog news, CFO David M. Obstler sold 12,513 shares of Datadog stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total value of $1,984,561.80. Following the completion of the transaction, the chief financial officer owned 374,138 shares in the company, valued at approximately $59,338,286.80. The trade was a 3.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 11,195 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $137.93, for a total transaction of $1,544,126.35. Following the sale, the chief executive officer directly owned 518,133 shares in the company, valued at approximately $71,466,084.69. This represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,041,445 shares of company stock worth $186,887,631. 8.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Datadog

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rothschild Investment LLC raised its position in shares of Datadog by 126.6% in the 3rd quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Physician Wealth Advisors Inc. increased its stake in Datadog by 315.2% in the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 145 shares in the last quarter. Westside Investment Management Inc. raised its holdings in Datadog by 74.3% in the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after purchasing an additional 75 shares during the period. JPL Wealth Management LLC bought a new position in shares of Datadog during the third quarter worth $27,000. Finally, Tripletail Wealth Management LLC acquired a new position in shares of Datadog in the 3rd quarter valued at $28,000. 78.29% of the stock is owned by institutional investors.

About Datadog

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.