Datadog (NASDAQ:DDOG) Stock Price Down 3.5% – Time to Sell?

Datadog, Inc. (NASDAQ:DDOG) shares traded down 3.5% on Wednesday . The stock traded as low as $135.11 and last traded at $136.3240. 428,868 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 5,373,812 shares. The stock had previously closed at $141.23.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of recent analyst reports. Rosenblatt Securities boosted their price target on shares of Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. The Goldman Sachs Group boosted their target price on Datadog from $165.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Cowen restated a “buy” rating on shares of Datadog in a research report on Thursday, November 6th. Stifel Nicolaus set a $205.00 price objective on Datadog in a research report on Thursday, November 6th. Finally, Scotiabank boosted their price objective on Datadog from $150.00 to $217.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 7th. Thirty-one equities research 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.78.

Datadog Trading Down 2.4%

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 has a market cap of $48.32 billion, a P/E ratio of 444.02, a P/E/G ratio of 30.98 and a beta of 1.23. The business has a 50-day moving average price of $160.09 and a two-hundred day moving average price of $145.88.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The firm had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The company’s revenue was up 28.4% on a year-over-year basis. During the same period last year, the company earned $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. On average, analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

In related news, COO Adam Blitzer sold 8,023 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $154.61, for a total value of $1,240,436.03. Following the transaction, the chief operating officer directly owned 165,197 shares in the company, valued at $25,541,108.17. This represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Yanbing Li sold 6,715 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total transaction of $1,064,999.00. Following the completion of the transaction, the insider directly owned 199,394 shares in the company, valued at approximately $31,623,888.40. The trade was a 3.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,305,579 shares of company stock valued at $231,557,832 over the last 90 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 DDOG. Callan Family Office LLC increased its stake in Datadog by 145.6% in the second quarter. Callan Family Office LLC now owns 22,680 shares of the company’s stock valued at $3,047,000 after acquiring an additional 13,445 shares during the last quarter. Jefferies Financial Group Inc. grew its position 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 acquiring an additional 60,291 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake 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 acquiring an additional 5,609 shares in the last quarter. Goldstream Capital Management Ltd acquired a new position in Datadog during the second quarter worth about $3,368,000. Finally, Alta Advisers Ltd bought a new position in shares of Datadog in the second quarter worth about $235,000. 78.29% of the stock is owned by institutional investors and hedge funds.

About Datadog

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.