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

Datadog (NASDAQ:DDOG) had its price objective dropped by investment analysts at Wolfe Research from $240.00 to $185.00 in a report issued on Monday,MarketScreener reports. The brokerage currently has an “outperform” rating on the stock. Wolfe Research’s target price would indicate a potential upside of 30.24% from the company’s previous close.

Other analysts have also issued reports about the company. Royal Bank Of Canada lifted their price target on Datadog from $182.00 to $216.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Morgan Stanley raised their price objective on Datadog from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. Wall Street Zen raised shares of Datadog from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. JPMorgan Chase & Co. increased their target price on shares of Datadog from $140.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Finally, Evercore ISI boosted their price target on shares of Datadog from $170.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Thirty-two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.92.

Datadog Stock Down 2.7%

DDOG stock opened at $142.05 on Monday. Datadog has a 52 week low of $81.63 and a 52 week high of $201.69. 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 firm has a 50-day simple moving average of $162.65 and a 200-day simple moving average of $145.02. The stock has a market capitalization of $49.81 billion, a P/E ratio of 458.23, a P/E/G ratio of 31.89 and a beta of 1.23.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The firm had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. During the same period last year, the company posted $0.46 EPS. Datadog’s quarterly 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. Equities analysts forecast that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Olivier Pomel sold 100,754 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the completion of the transaction, the chief executive officer directly owned 533,358 shares in the company, valued at approximately $96,633,802.44. This represents a 15.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Matthew Jacobson sold 404,306 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $199.60, for a total value of $80,699,477.60. Following the sale, the director directly owned 12,859 shares of the company’s stock, valued at $2,566,656.40. The trade was a 96.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,326,886 shares of company stock valued at $234,460,734 in the last ninety days. Company insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Datadog

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Datadog by 30.3% in the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock worth $5,966,877,000 after acquiring an additional 9,748,738 shares during the last quarter. State Street Corp grew its stake in shares of Datadog by 106.8% in the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after buying an additional 7,091,075 shares in the last quarter. Norges Bank purchased a new stake in shares of Datadog in the 2nd quarter valued at $347,728,000. Invesco Ltd. boosted its stake in shares of Datadog by 119.2% in the third quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock valued at $580,383,000 after purchasing an additional 2,216,402 shares during the period. Finally, Dragoneer Investment Group LLC lifted its holdings in Datadog by 729.5% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,254,563 shares of the company’s stock worth $302,855,000 after buying an additional 1,982,763 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.