Datadog (NASDAQ:DDOG) Price Target Lowered to $200.00 at TD Cowen

Datadog (NASDAQ:DDOG) had its target price cut by TD Cowen from $235.00 to $200.00 in a research report report published on Wednesday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the company. Citigroup dropped their target price on Datadog from $200.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Morgan Stanley lifted their target price on Datadog from $165.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. BNP Paribas Exane lowered their price target on shares of Datadog from $210.00 to $175.00 and set an “outperform” rating for the company in a research report on Thursday, January 15th. BTIG Research boosted their price target on Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Needham & Company LLC upped their price objective on Datadog from $175.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Thirty-three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.95.

Datadog Stock Up 5.5%

Shares of DDOG opened at $123.46 on Wednesday. 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 business has a fifty day moving average of $145.25 and a 200 day moving average of $145.80. The company has a market cap of $43.29 billion, a PE ratio of 398.26, a P/E/G ratio of 21.13 and a beta of 1.26. Datadog has a 52-week low of $81.63 and a 52-week high of $201.69.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. The business had revenue of $885.65 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $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. On average, sell-side analysts expect that Datadog will post 0.34 EPS for the current year.

Insider Transactions at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 43,106 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $133.93, for a total value of $5,773,186.58. Following the completion of the sale, the chief technology officer directly owned 301,458 shares in the company, valued at approximately $40,374,269.94. This trade represents a 12.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $124.89, for a total value of $988,629.24. Following the completion of the sale, the director directly owned 340,701 shares of the company’s stock, valued at approximately $42,550,147.89. This represents a 2.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,071,709 shares of company stock worth $192,590,597. 8.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Westside Investment Management Inc. lifted its stake in shares of Datadog by 74.3% during the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after buying an additional 75 shares during the period. Rothschild Investment LLC lifted its position in Datadog by 126.6% during the 3rd quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the period. Tripletail Wealth Management LLC purchased a new stake in Datadog during the 3rd quarter valued at about $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 valued at $27,000 after purchasing an additional 145 shares during the period. Finally, JPL Wealth Management LLC acquired a new position in shares of Datadog in the third quarter valued at about $27,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.