Scotiabank Issues Pessimistic Forecast for Datadog (NASDAQ:DDOG) Stock Price

Datadog (NASDAQ:DDOG) had its price objective reduced by investment analysts at Scotiabank from $217.00 to $180.00 in a report released on Tuesday, Marketbeat Ratings reports. The firm presently has a “sector outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 28.06% from the company’s current price.

Several other research firms have also recently weighed in on DDOG. Wells Fargo & Company boosted their price objective on Datadog from $190.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Mizuho dropped their price target on Datadog from $200.00 to $170.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 21st. DA Davidson increased their price objective on Datadog from $180.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Canaccord Genuity Group dropped their target price on shares of Datadog from $225.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Finally, Royal Bank Of Canada cut their target price on shares of Datadog from $216.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Thirty-five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $191.92.

Datadog Trading Up 1.7%

NASDAQ:DDOG opened at $140.56 on Tuesday. Datadog has a 12 month low of $81.63 and a 12 month high of $201.69. The firm has a market cap of $49.29 billion, a price-to-earnings ratio of 453.42, a P/E/G ratio of 24.66 and a beta of 1.26. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $140.71 and its 200-day moving average is $145.52.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data 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. The business had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. Datadog’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. Equities analysts anticipate that Datadog will post 0.34 EPS for the current year.

Insider Buying and Selling

In other Datadog news, Director Matthew Jacobson sold 404,306 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the completion of the transaction, the director owned 12,859 shares in the company, valued at $2,566,656.40. This trade represents a 96.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Olivier Pomel sold 100,754 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $181.18, for a total value of $18,254,609.72. Following the completion of the sale, the chief executive officer owned 533,358 shares in the company, valued at approximately $96,633,802.44. This represents a 15.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,071,709 shares of company stock valued at $192,590,597 over the last quarter. Corporate insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC grew its holdings in shares of Datadog by 1.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 4,778 shares of the company’s stock worth $622,000 after purchasing an additional 73 shares during the last quarter. Quent Long Short Global Small Cap Fund LP acquired a new stake in shares of Datadog during the 4th quarter worth about $5,668,000. B. Metzler seel. Sohn & Co. AG lifted its holdings in Datadog by 38.6% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 9,811 shares of the company’s stock valued at $1,334,000 after purchasing an additional 2,730 shares during the last quarter. HB Wealth Management LLC boosted its position in Datadog by 30.1% in the fourth quarter. HB Wealth Management LLC now owns 5,562 shares of the company’s stock valued at $756,000 after buying an additional 1,288 shares in the last quarter. Finally, KLP Kapitalforvaltning AS grew its stake in Datadog by 1.9% during the fourth quarter. KLP Kapitalforvaltning AS now owns 110,200 shares of the company’s stock worth $14,986,000 after buying an additional 2,100 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.