Datadog (NASDAQ:DDOG) Price Target Lowered to $170.00 at BMO Capital Markets

Datadog (NASDAQ:DDOG) had its price target decreased by investment analysts at BMO Capital Markets from $215.00 to $170.00 in a research note issued on Thursday, Marketbeat reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 20.94% from the stock’s current price.

A number of other research firms have also issued reports on DDOG. Citigroup decreased their price target on shares of Datadog from $200.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Raymond James Financial upped their price objective on shares of Datadog from $170.00 to $205.00 in a research note on Thursday, November 6th. The Goldman Sachs Group assumed coverage on shares of Datadog in a research report on Monday, January 12th. They set a “sell” rating and a $113.00 target price on the stock. Morgan Stanley boosted their price target on Datadog from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Datadog in a research note on Wednesday, January 21st. Thirty-five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $190.77.

Datadog Price Performance

DDOG stock opened at $140.56 on Thursday. The stock’s 50 day moving average price is $140.71 and its 200 day moving average price is $145.52. The firm has a market cap of $49.29 billion, a P/E ratio of 453.42, a PEG ratio of 24.66 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. Datadog has a 1 year low of $81.63 and a 1 year high of $201.69.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The company had revenue of $885.65 million during 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%.The business’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same period in the previous 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 earnings per share for the current fiscal year.

Insider Buying and Selling at Datadog

In other news, Director Matthew Jacobson sold 404,306 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the completion of the sale, the director owned 12,859 shares in the company, valued at approximately $2,566,656.40. The trade was a 96.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $197.99, for a total transaction of $10,674,036.88. Following the sale, the chief technology officer directly owned 395,661 shares of the company’s stock, valued at approximately $78,336,921.39. This trade represents a 11.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,071,709 shares of company stock worth $192,590,597 in the last quarter. 8.70% of the stock is owned by insiders.

Institutional Trading of Datadog

A number of institutional investors have recently added to or reduced their stakes in DDOG. Rothschild Investment LLC increased 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 in the last quarter. Physician Wealth Advisors Inc. boosted its position 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 buying an additional 145 shares during the period. Westside Investment Management Inc. grew its stake in shares of Datadog by 74.3% in the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after buying an additional 75 shares in the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Datadog in the third quarter valued at about $27,000. Finally, Tripletail Wealth Management LLC purchased a new stake in shares of Datadog during the 3rd quarter valued at about $28,000. 78.29% of the stock is owned by hedge funds and other 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.