TD Cowen Cuts Datadog (NASDAQ:DDOG) Price Target to $200.00

Datadog (NASDAQ:DDOG) had its price target trimmed by TD Cowen from $235.00 to $200.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Several other research analysts also recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Datadog from $140.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. BMO Capital Markets lifted their target price on shares of Datadog from $154.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. DA Davidson upped their price target on shares of Datadog from $180.00 to $225.00 and gave the company a “buy” rating in a report on Friday, November 7th. Jefferies Financial Group dropped their price objective on shares of Datadog from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Finally, Scotiabank lifted their price objective on Datadog from $150.00 to $217.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 7th. Thirty-four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $192.95.

Datadog Price Performance

DDOG stock opened at $130.13 on Wednesday. The firm has a 50 day moving average of $143.06 and a 200-day moving average of $145.54. The company has a market cap of $45.63 billion, a price-to-earnings ratio of 419.77, a PEG ratio of 23.71 and a beta of 1.26. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog has a 12-month low of $81.63 and a 12-month high of $201.69.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. The firm had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.Datadog’s quarterly revenue was up 28.4% on a year-over-year basis. During the same period last year, the business posted $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. As a group, equities analysts expect that Datadog will post 0.34 EPS for the current fiscal year.

Insider Transactions at Datadog

In other news, insider Yanbing Li sold 6,715 shares of Datadog stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total value of $1,064,999.00. Following the completion of the sale, the insider owned 199,394 shares of the company’s stock, valued at $31,623,888.40. The trade was a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Adam Blitzer sold 8,023 shares of the company’s stock in a transaction 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 completion of the transaction, the chief operating officer owned 165,197 shares of the company’s stock, valued at $25,541,108.17. The trade was a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,071,709 shares of company stock worth $192,590,597 in the last three months. 8.70% of the stock is currently owned by company insiders.

Institutional Trading of Datadog

Hedge funds have recently added to or reduced their stakes in the business. Westside Investment Management Inc. lifted its holdings in shares of Datadog by 74.3% during the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after acquiring an additional 75 shares during the period. Rothschild Investment LLC increased its position in Datadog by 126.6% during the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Tripletail Wealth Management LLC purchased a new position in Datadog during the third quarter worth approximately $28,000. Physician Wealth Advisors Inc. raised its stake in Datadog by 315.2% during the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after purchasing an additional 145 shares during the period. Finally, JPL Wealth Management LLC acquired a new position in shares of Datadog in the 3rd quarter valued at $27,000. 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.