Datadog (NASDAQ:DDOG) Price Target Lowered to $185.00 at Wolfe Research

Datadog (NASDAQ:DDOG) had its target price trimmed by Wolfe Research from $240.00 to $185.00 in a research report released on Monday morning,MarketScreener reports. The firm currently has an outperform rating on the stock.

DDOG has been the topic of several other reports. Cantor Fitzgerald raised their price objective on shares of Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Stifel Nicolaus set a $205.00 price objective on Datadog in a research note on Thursday, November 6th. Cowen reiterated a “buy” rating on shares of Datadog in a research note on Thursday, November 6th. Oppenheimer increased their price target on Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Truist Financial upped their price objective on shares of Datadog from $140.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Thirty-two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.92.

Datadog Stock Performance

NASDAQ:DDOG opened at $140.39 on Monday. The company has a fifty day simple moving average of $162.65 and a two-hundred day simple moving average of $145.02. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog has a 52 week low of $81.63 and a 52 week high of $201.69. The company has a market cap of $49.23 billion, a price-to-earnings ratio of 452.96, a price-to-earnings-growth ratio of 31.89 and a beta of 1.23.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same period in the previous year, the company earned $0.46 EPS. The company’s revenue for the quarter was up 28.4% on a year-over-year basis. 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, equities analysts anticipate that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other news, Director Matthew Jacobson sold 404,306 shares of Datadog stock in a transaction on Monday, November 10th. The stock was sold at an average price of $199.60, for a total value of $80,699,477.60. Following the completion of the sale, the director owned 12,859 shares of the company’s stock, valued at $2,566,656.40. The trade was a 96.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael James Callahan sold 91,667 shares of Datadog stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $157.60, for a total value of $14,446,719.20. Following the completion of the sale, the director owned 12,496 shares of the company’s stock, valued at $1,969,369.60. This trade represents a 88.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,326,886 shares of company stock worth $234,460,734 in the last ninety days. Company insiders own 8.70% of the company’s stock.

Institutional Trading of Datadog

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC lifted its stake 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 purchasing an additional 100 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in Datadog by 315.2% during the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after buying an additional 145 shares during the period. Westside Investment Management Inc. raised its stake in shares of Datadog by 74.3% in the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after acquiring an additional 75 shares during the period. JPL Wealth Management LLC acquired a new stake in Datadog in the 3rd quarter valued at $27,000. Finally, Tripletail Wealth Management LLC purchased a new position in Datadog in the third quarter valued at about $28,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.