Datadog (NASDAQ:DDOG) Price Target Lowered to $180.00 at Jefferies Financial Group

Datadog (NASDAQ:DDOG) had its price objective decreased by Jefferies Financial Group from $220.00 to $180.00 in a report published on Monday, MarketBeat reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other analysts also recently commented on the stock. Wolfe Research lowered their target price on shares of Datadog from $240.00 to $185.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Robert W. Baird increased their price objective on shares of Datadog from $165.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. BNP Paribas Exane boosted their target price on Datadog from $160.00 to $210.00 in a research note on Friday, November 7th. Arete Research upped their target price on Datadog from $230.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Finally, Evercore ISI lifted their price target on Datadog from $170.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Thirty-three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $205.32.

Datadog Stock Performance

Shares of DDOG opened at $133.64 on Monday. The firm has a market capitalization of $46.86 billion, a P/E ratio of 431.10, a P/E/G ratio of 24.79 and a beta of 1.26. Datadog has a 52 week low of $81.63 and a 52 week high of $201.69. The stock has a 50 day moving average price of $156.64 and a two-hundred day moving average price of $146.72. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66.

Datadog (NASDAQ:DDOG) last announced its 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. The company had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.Datadog’s quarterly revenue was up 28.4% on a year-over-year basis. During the same quarter in the previous 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. Equities analysts forecast that Datadog will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Adam Blitzer sold 8,023 shares of Datadog stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $154.61, for a total value of $1,240,436.03. Following the completion of the sale, the chief operating officer owned 165,197 shares of the company’s stock, valued at approximately $25,541,108.17. This trade represents a 4.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 11,195 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were 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 trade represents a 2.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,137,690 shares of company stock valued at $204,960,346. Company insiders own 8.70% of the company’s stock.

Institutional Trading of Datadog

Several hedge funds and other institutional investors have recently modified their holdings of the business. Park Avenue Securities LLC boosted its holdings in Datadog by 1.0% in the 4th quarter. Park Avenue Securities LLC now owns 16,765 shares of the company’s stock worth $2,280,000 after buying an additional 168 shares during the period. GAMMA Investing LLC lifted its position in shares of Datadog by 18.7% during the fourth quarter. GAMMA Investing LLC now owns 2,710 shares of the company’s stock worth $369,000 after acquiring an additional 427 shares in the last quarter. New Mexico Educational Retirement Board bought a new position in shares of Datadog in the third quarter worth $2,051,000. Allworth Financial LP grew its position in shares of Datadog by 5.1% in the third quarter. Allworth Financial LP now owns 2,249 shares of the company’s stock valued at $320,000 after purchasing an additional 109 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of Datadog by 2.6% in the third quarter. IFP Advisors Inc now owns 14,712 shares of the company’s stock valued at $2,098,000 after purchasing an additional 369 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

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.