Datadog (NASDAQ:DDOG) Stock Price Target Cut by DA Davidson
by Kim Johansen · The Markets DailyDatadog (NASDAQ:DDOG – Get Free Report) had its price objective decreased by equities research analysts at DA Davidson from $315.00 to $275.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson‘s price objective suggests a potential upside of 53.60% from the stock’s previous close.
DDOG has been the subject of a number of other reports. Benchmark reissued a “buy” rating on shares of Datadog in a report on Tuesday, July 28th. Citigroup boosted their price target on shares of Datadog from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Yorkville Ives started coverage on shares of Datadog in a research note on Monday, October 5th. They set an “outperform” rating and a $335.00 price target on the stock. BMO Capital Markets set a $300.00 price objective on shares of Datadog in a research report on Friday, August 7th. Finally, Citizens Jmp lifted their price objective on shares of Datadog from $225.00 to $311.00 and gave the stock a “market outperform” rating in a research note on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $278.43.
Read Our Latest Stock Report on Datadog
Datadog Price Performance
Datadog stock traded up $4.44 during midday trading on Thursday, reaching $179.04. 5,937,232 shares of the stock traded hands, 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 PEG ratio of 21.09 and a beta of 1.50. The stock’s fifty day moving average is $247.75 and its 200-day moving average is $200.01. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog has a 12 month low of $98.01 and a 12 month high of $300.68.
Datadog (NASDAQ:DDOG – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.17. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The company’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. As a group, equities research analysts anticipate that Datadog will post 0.70 EPS for the current year.
Insider Activity
In other Datadog news, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $253.36, for a total transaction of $13,659,144.32. Following the transaction, the chief technology officer owned 509,805 shares in the company, valued at $129,164,194.80. The trade was a 9.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 89,497 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $207.86, for a total transaction of $18,602,846.42. Following the completion of the sale, the chief executive officer directly owned 586,416 shares in the company, valued at approximately $121,892,429.76. This represents a 13.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 745,293 shares of company stock worth $175,536,548. 6.48% of the stock is currently owned by insiders.
Institutional Trading of Datadog
Institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC lifted its holdings in shares of Datadog by 1,691.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 186,216 shares of the company’s stock worth $48,483,000 after buying an additional 175,821 shares during the period. Congress Asset Management Co. grew its position in shares of Datadog by 3.0% in the 3rd quarter. Congress Asset Management Co. now owns 268,825 shares of the company’s stock worth $71,350,000 after buying an additional 7,802 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Datadog by 7,711.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 94,048 shares of the company’s stock worth $25,755,000 after purchasing an additional 92,844 shares during the last quarter. Cooper Financial Group grew its stake in Datadog by 188.1% during the 3rd quarter. Cooper Financial Group now owns 20,934 shares of the company’s stock worth $5,733,000 after buying an additional 13,669 shares during the last quarter. Finally, Saudi Central Bank increased its holdings in shares of Datadog by 91.6% during the second quarter. Saudi Central Bank now owns 21,867 shares of the company’s stock valued at $5,693,000 after acquiring an additional 10,455 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.
Key Stories Impacting Datadog
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
Datadog Company Profile
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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