Datadog (NASDAQ:DDOG) Given New $180.00 Price Target at Jefferies Financial Group

Datadog (NASDAQ:DDOG) had its price objective lowered by analysts at Jefferies Financial Group from $220.00 to $180.00 in a research report issued on Monday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 34.56% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Bank of America increased their price target on Datadog from $180.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 7th. Canaccord Genuity Group lowered their target price on shares of Datadog from $225.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of Datadog in a research report on Wednesday, October 8th. Arete Research upped their price target on shares of Datadog from $230.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Finally, BNP Paribas Exane lifted their price objective on Datadog from $160.00 to $210.00 in a research note on Friday, November 7th. Thirty-three 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 stock. According to MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and an average price target of $205.32.

Datadog Stock Performance

DDOG stock opened at $133.77 on Monday. The firm has a 50 day moving average of $157.12 and a two-hundred day moving average of $146.70. Datadog has a 12 month low of $81.63 and a 12 month high of $201.69. The company has a market capitalization of $46.91 billion, a price-to-earnings ratio of 431.52, a P/E/G ratio of 24.79 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.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (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 analysts’ expectations of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. Datadog’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same period in the prior year, the company posted $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. As a group, equities analysts anticipate that Datadog will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 100,754 shares of Datadog stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the sale, the chief executive officer directly owned 533,358 shares in the company, valued at approximately $96,633,802.44. The trade was a 15.89% 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, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction dated 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 transaction, the chief technology officer directly owned 395,661 shares of the company’s stock, valued at $78,336,921.39. This trade represents a 11.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,170,613 shares of company stock valued at $210,044,645 in the last quarter. Corporate insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Datadog

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Datadog by 30.3% during the third 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 increased its position in Datadog by 106.8% in the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after purchasing an additional 7,091,075 shares during the period. Norges Bank bought a new stake in Datadog during the 2nd quarter worth about $347,728,000. Invesco Ltd. lifted its position in Datadog by 119.2% during the 3rd 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 boosted its stake in shares of Datadog by 729.5% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,254,563 shares of the company’s stock valued at $302,855,000 after purchasing an additional 1,982,763 shares during the last quarter. 78.29% of the stock is 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.