Datadog (NASDAQ:DDOG – Get Free Report) had its target price dropped by equities research analysts at TD Cowen from $300.00 to $275.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen‘s price objective would suggest a potential upside of 53.60% from the company’s previous close.
Several other equities research analysts have also commented on DDOG. Royal Bank Of Canada cut their target price on Datadog from $320.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday. Jefferies Financial Group reiterated a “hold” rating and issued a $230.00 target price on shares of Datadog in a report on Wednesday. Stifel Nicolaus set a $245.00 target price on Datadog in a report on Wednesday. Raymond James Financial reissued an “outperform” rating and issued a $280.00 price target on shares of Datadog in a research note on Thursday, August 6th. Finally, Yorkville Ives initiated coverage on Datadog in a report on Monday, October 5th. They set an “outperform” rating and a $335.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Datadog currently has an average rating of “Moderate Buy” and a consensus target price of $278.43.
View Our Latest Report on DDOG
Datadog Trading Up 2.5%
NASDAQ DDOG traded up $4.44 during mid-day trading on Thursday, reaching $179.04. 5,937,232 shares of the stock were exchanged, compared to its average volume of 3,026,833. The stock has a market cap of $64.29 billion, a P/E ratio of 252.17, a P/E/G ratio of 21.09 and a beta of 1.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. Datadog has a one year low of $98.01 and a one year high of $300.68. The stock has a 50 day simple moving average of $247.75 and a 200-day simple moving average of $200.01.
Datadog (NASDAQ:DDOG – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.17. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. On average, analysts anticipate that Datadog will post 0.70 EPS for the current year.
Insider Buying and Selling
In related news, CEO Olivier Pomel sold 89,497 shares of Datadog stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $207.86, for a total transaction of $18,602,846.42. Following the transaction, the chief executive officer owned 586,416 shares of the company’s stock, valued at $121,892,429.76. The trade was a 13.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $253.36, for a total value of $13,659,144.32. Following the transaction, the chief technology officer owned 509,805 shares in the company, valued at approximately $129,164,194.80. This trade represents a 9.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 745,293 shares of company stock worth $175,536,548 over the last three months. Company insiders own 6.48% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the company. Shah Wealth Advisors LLC purchased a new stake in Datadog during the 3rd quarter worth about $214,000. Diversified Trust Co grew its position in Datadog by 6.4% in the third quarter. Diversified Trust Co now owns 5,963 shares of the company’s stock worth $1,633,000 after acquiring an additional 358 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Datadog by 5.0% in the 3rd quarter. Allworth Financial LP now owns 4,979 shares of the company’s stock worth $1,296,000 after purchasing an additional 237 shares in the last quarter. Private Advisory Group LLC grew its position in Datadog by 47.2% during the third quarter. Private Advisory Group LLC now owns 6,239 shares of the company’s stock valued at $1,709,000 after acquiring an additional 2,000 shares during the last quarter. Finally, R Squared Ltd grew its holdings in shares of Datadog by 14.2% during the 3rd quarter. R Squared Ltd now owns 1,457 shares of the company’s stock valued at $399,000 after purchasing an additional 181 shares during the last quarter. 78.29% of the stock is owned by institutional investors.
More Datadog News
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Datadog beat Q3 estimates, reporting $1.20 billion in revenue, up 35.2% year over year, and adjusted EPS of $0.81 versus a $0.64 consensus. Infrastructure Monitoring annual recurring revenue also topped $2 billion, with broad-based platform use and AI adoption supporting demand. Article: Datadog’s Infrastructure Monitoring Tops $2B ARR in Q3, Revenues Beat
- Neutral Sentiment: Some analysts still see upside: several firms retained Buy or Overweight ratings even while trimming price targets. One valuation analysis also argues the share price may be supportable by future cash generation, though that depends on expectations for growth and AI demand. Article: Datadog Stock Could Still Be Undervalued As AI Hopes Swing
- Negative Sentiment: Investors remain wary of the outlook: Q4 guidance and customer-related factors signal a potential slowdown from Q3’s growth, while AI-customer discounts and lower-priced renewals may temper revenue growth. The forecast also relies on a minimum commitment from Datadog’s largest customer, adding uncertainty. Article: DDOG Q3 Earnings Call Highlights AI Growth and Customer Renewals
- Negative Sentiment: Multiple firms cut their price targets after the results—including Rosenblatt, TD Cowen, Wells Fargo, Citigroup and Wedbush. Though ratings remained favorable in several reports, the reductions suggest analysts are tempering near-term expectations. Article: Rosenblatt Lowers Datadog Price Target Article: Wedbush Sets New Datadog Price Target
About Datadog
Datadog, Inc provides a cloud-based monitoring and security platform that helps organizations observe and manage their technology environments. Its tools collect and analyze data from applications, infrastructure, networks, and other systems to help teams detect issues and improve performance.
The company’s products include infrastructure monitoring, application performance monitoring, log management, digital experience monitoring, database and network monitoring, and security tools. Datadog also offers capabilities for incident management and cloud security.
Founded in 2010 by Olivier Pomel and Alexis Lê-Quôc, Datadog serves customers around the world.
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