Wolfe Research Cuts Datadog (NASDAQ:DDOG) Price Target to $185.00

Datadog (NASDAQ:DDOG) had its target price trimmed by Wolfe Research from $240.00 to $185.00 in a research report report published on Monday,MarketScreener reports. The firm currently has an outperform rating on the stock.

A number of other research analysts also recently commented on DDOG. Rosenblatt Securities increased their target price on Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Scotiabank upped their price target on shares of Datadog from $150.00 to $217.00 and gave the company a “sector outperform” rating in a research note on Friday, November 7th. TD Cowen lifted their price objective on shares of Datadog from $180.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Guggenheim set a $105.00 target price on shares of Datadog in a report on Thursday, November 6th. Finally, Truist Financial increased their price target on shares of Datadog from $140.00 to $195.00 and gave the company a “hold” rating in a report on Friday, November 7th. Thirty-two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $206.92.

Datadog Stock Down 2.4%

Shares of DDOG stock opened at $136.68 on Monday. The company’s fifty day simple moving average is $161.81 and its two-hundred day simple moving average is $145.13. Datadog has a 52 week low of $81.63 and a 52 week high of $201.69. The stock has a market cap of $47.93 billion, a P/E ratio of 440.91, a PEG ratio of 30.59 and a beta of 1.23. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The business’s revenue was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. Analysts predict that Datadog will post 0.34 EPS for the current fiscal year.

Insider Activity

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s 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 completion of 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael James Callahan sold 91,667 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $157.60, for a total value of $14,446,719.20. Following the completion of the transaction, the director directly owned 12,496 shares in the company, valued at $1,969,369.60. This trade represents a 88.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,316,774 shares of company stock valued at $233,102,070. 8.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DDOG. Callan Family Office LLC increased its holdings in shares of Datadog by 145.6% in the 2nd quarter. Callan Family Office LLC now owns 22,680 shares of the company’s stock valued at $3,047,000 after purchasing an additional 13,445 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Datadog by 30.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 24,062 shares of the company’s stock worth $3,232,000 after buying an additional 5,609 shares during the period. Goldstream Capital Management Ltd purchased a new position in Datadog in the second quarter valued at about $3,368,000. Jefferies Financial Group Inc. increased its holdings in Datadog by 360.4% in the second quarter. Jefferies Financial Group Inc. now owns 77,018 shares of the company’s stock valued at $10,346,000 after buying an additional 60,291 shares in the last quarter. Finally, Alta Advisers Ltd acquired a new stake in shares of Datadog during the 2nd quarter valued at approximately $235,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

About Datadog

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.