BMO Capital Markets Lowers Datadog (NASDAQ:DDOG) Price Target to $170.00

Datadog (NASDAQ:DDOG) had its target price cut by analysts at BMO Capital Markets from $215.00 to $170.00 in a research note issued to investors on Thursday, Marketbeat reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 20.94% from the company’s previous close.

Several other equities analysts have also recently issued reports on DDOG. JPMorgan Chase & Co. boosted their price objective on shares of Datadog from $140.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Needham & Company LLC lifted their target price on shares of Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Arete Research boosted their price target on shares of Datadog from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. The Goldman Sachs Group began coverage on shares of Datadog in a report on Monday, January 12th. They set a “sell” rating and a $113.00 price target for the company. Finally, Wall Street Zen lowered Datadog from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Thirty-five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $190.77.

Datadog Stock Up 1.7%

DDOG opened at $140.56 on Thursday. Datadog has a 52 week low of $81.63 and a 52 week high of $201.69. The business has a 50 day moving average price of $140.71 and a two-hundred day moving average price of $145.52. 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 $49.29 billion, a PE ratio of 453.42, a P/E/G ratio of 24.66 and a beta of 1.26.

Datadog (NASDAQ:DDOG) last announced its earnings results 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. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The company had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. During the same period last year, the business posted $0.46 EPS. The company’s revenue was up 28.4% on a year-over-year basis. 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, research analysts anticipate that Datadog will post 0.34 EPS for the current year.

Insider Activity

In other news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $124.89, for a total transaction of $988,629.24. Following the completion of the sale, the director directly owned 340,701 shares in the company, valued at approximately $42,550,147.89. This trade represents a 2.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Yanbing Li sold 6,715 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 199,394 shares in the company, valued at $31,623,888.40. This trade represents a 3.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,071,709 shares of company stock valued at $192,590,597 in the last quarter. Insiders own 8.70% of the company’s stock.

Institutional Trading of Datadog

Institutional investors have recently bought and sold shares of the company. Rothschild Investment LLC increased its position in shares of Datadog by 126.6% in the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after buying an additional 100 shares in the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of Datadog by 315.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after buying an additional 145 shares in the last quarter. Westside Investment Management Inc. grew its stake in Datadog by 74.3% in the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. JPL Wealth Management LLC purchased a new position in Datadog during the 3rd quarter valued at about $27,000. Finally, Tripletail Wealth Management LLC purchased a new position in Datadog during the 3rd quarter valued at about $28,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

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.