Datadog (NASDAQ:DDOG) Given New $180.00 Price Target at Scotiabank

Datadog (NASDAQ:DDOG) had its price objective reduced by Scotiabank from $217.00 to $180.00 in a report published on Tuesday morning, MarketBeat Ratings reports. Scotiabank currently has a sector outperform rating on the stock.

Several other brokerages also recently weighed in on DDOG. DA Davidson lifted their price target on shares of Datadog from $180.00 to $225.00 and gave the company a “buy” rating in a report on Friday, November 7th. The Goldman Sachs Group initiated coverage on shares of Datadog in a research note on Monday, January 12th. They set a “sell” rating and a $113.00 target price on the stock. Stifel Nicolaus set a $160.00 price target on Datadog and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Needham & Company LLC raised their price target on Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, TD Cowen restated a “buy” rating on shares of Datadog in a research report on Wednesday, January 21st. Thirty-five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.92.

Datadog Price Performance

Shares of Datadog stock opened at $138.21 on Tuesday. The stock has a market cap of $48.47 billion, a P/E ratio of 445.84, a P/E/G ratio of 24.38 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66. The stock’s fifty day moving average is $141.42 and its 200 day moving average is $145.56. Datadog has a one year low of $81.63 and a one year 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, topping 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 business had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter in the prior year, the business posted $0.46 earnings per share. The business’s quarterly 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. Sell-side analysts anticipate that Datadog will post 0.34 earnings per share for the current year.

Insider Transactions at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 43,106 shares of Datadog stock in a transaction that occurred on 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 sale, the chief technology officer owned 301,458 shares of the company’s stock, valued at $40,374,269.94. The trade was a 12.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $124.89, for a total value of $988,629.24. Following the transaction, the director owned 340,701 shares of the company’s stock, valued at $42,550,147.89. This represents a 2.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,071,709 shares of company stock valued at $192,590,597. 8.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Datadog

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Datadog by 30.3% in the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock worth $5,966,877,000 after buying an additional 9,748,738 shares during the last quarter. State Street Corp grew its position in Datadog by 106.8% in the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after acquiring an additional 7,091,075 shares in the last quarter. Brown Advisory Inc. increased its stake in Datadog by 23.3% during the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock worth $803,793,000 after acquiring an additional 1,130,675 shares during the last quarter. Geode Capital Management LLC raised its position in Datadog by 4.3% during the second quarter. Geode Capital Management LLC now owns 5,827,784 shares of the company’s stock valued at $780,727,000 after purchasing an additional 242,273 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Datadog by 0.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,289,570 shares of the company’s stock valued at $610,835,000 after purchasing an additional 40,276 shares during the last quarter. Hedge funds and other institutional investors 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.