Datadog (NASDAQ:DDOG) Price Target Cut to $210.00 by Analysts at Canaccord Genuity Group

Datadog (NASDAQ:DDOG) had its price objective trimmed by Canaccord Genuity Group from $225.00 to $210.00 in a research report released on Friday,MarketScreener reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. lifted their target price on Datadog from $140.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. BTIG Research lifted their price objective on shares of Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Cowen reissued a “buy” rating on shares of Datadog in a research report on Thursday, November 6th. KeyCorp upgraded shares of Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 price target for the company in a research note on Friday, November 7th. Finally, Guggenheim set a $105.00 price target on shares of Datadog in a report on Thursday, November 6th. Thirty-two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $207.58.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $140.39 on Friday. The company has a market capitalization of $49.23 billion, a PE ratio of 452.87, a PEG ratio of 30.20 and a beta of 1.23. 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’s 50 day moving average price is $160.93 and its 200-day moving average price is $145.24. Datadog has a twelve month low of $81.63 and a twelve month high of $201.69.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The company had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. During the same period last year, the business posted $0.46 earnings per share. Datadog’s revenue 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. On average, equities analysts anticipate that Datadog will post 0.34 EPS for the current year.

Insider Activity

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $154.05, for a total transaction of $8,305,143.60. Following the sale, the chief technology officer owned 295,448 shares of the company’s stock, valued at approximately $45,513,764.40. This represents a 15.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 32,923 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $154.63, for a total value of $5,090,883.49. Following the completion of the transaction, the chief executive officer owned 518,133 shares of the company’s stock, valued at approximately $80,118,905.79. This represents a 5.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,316,774 shares of company stock valued at $233,102,070. 8.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Datadog

Hedge funds and other institutional investors have recently modified their holdings of the stock. Westside Investment Management Inc. grew its stake in Datadog by 74.3% during the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Rothschild Investment LLC boosted its holdings in 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 during the period. Tripletail Wealth Management LLC purchased a new position in shares of Datadog during the 3rd quarter valued at $28,000. Physician Wealth Advisors Inc. increased its holdings in shares of Datadog by 315.2% in the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after purchasing an additional 145 shares during the period. Finally, JPL Wealth Management LLC purchased a new stake in shares of Datadog in the third quarter worth $27,000. 78.29% of the stock is currently owned by institutional investors.

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.