Datadog (NASDAQ:DDOG) Price Target Lowered to $180.00 at Scotiabank

Datadog (NASDAQ:DDOG) had its target price dropped by stock analysts at Scotiabank from $217.00 to $180.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 31.73% from the company’s current price.

Several other analysts have also issued reports on DDOG. Guggenheim set a $105.00 target price on Datadog in a report on Thursday, November 6th. Royal Bank Of Canada cut their price objective on shares of Datadog from $216.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Piper Sandler decreased their target price on shares of Datadog from $225.00 to $195.00 and set an “overweight” rating on the stock in a report on Monday, January 5th. DA Davidson upped their price target on shares of Datadog from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Canaccord Genuity Group reduced their price target on shares of Datadog from $225.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Thirty-five equities research 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $191.92.

Datadog Price Performance

Shares of Datadog stock opened at $136.64 on Tuesday. 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 stock has a market capitalization of $47.92 billion, a price-to-earnings ratio of 440.77, a price-to-earnings-growth ratio of 23.21 and a beta of 1.26. Datadog has a twelve month low of $81.63 and a twelve month high of $201.69. The company has a 50-day simple moving average of $142.19 and a two-hundred day simple moving average of $145.55.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.45 by $0.10. The company had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The business’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. Analysts forecast that Datadog will post 0.34 EPS for the current year.

Insider Buying and Selling

In other Datadog news, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total value of $10,674,036.88. Following the sale, the chief technology officer owned 395,661 shares in the company, valued at $78,336,921.39. This trade represents a 11.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Matthew Jacobson sold 404,306 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the sale, the director directly owned 12,859 shares in the company, valued at approximately $2,566,656.40. The trade was a 96.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,071,709 shares of company stock worth $192,590,597 in the last three months. 8.70% of the stock is owned by corporate insiders.

Institutional Trading of Datadog

Hedge funds have recently made changes to their positions in the company. Asset Management One Co. Ltd. increased its stake in shares of Datadog by 6.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 134,166 shares of the company’s stock valued at $18,503,000 after buying an additional 8,222 shares during the period. GF Fund Management CO. LTD. increased its position in Datadog by 7.9% in the 4th quarter. GF Fund Management CO. LTD. now owns 68,647 shares of the company’s stock valued at $9,335,000 after acquiring an additional 5,015 shares during the period. Oak Harvest Investment Services acquired a new position in Datadog in the 4th quarter valued at approximately $968,000. Moss Adams Wealth Advisors LLC bought a new position in shares of Datadog during the fourth quarter valued at $206,000. Finally, Merit Financial Group LLC lifted its holdings in shares of Datadog by 7.7% during the fourth quarter. Merit Financial Group LLC now owns 13,536 shares of the company’s stock worth $1,841,000 after purchasing an additional 966 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Company Profile

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.