Scotiabank Has Lowered Expectations for Datadog (NASDAQ:DDOG) Stock Price

Datadog (NASDAQ:DDOG) had its target price dropped by Scotiabank from $217.00 to $180.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 31.73% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. KeyCorp lowered their target price on shares of Datadog from $230.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Datadog in a research report on Wednesday, January 21st. Sanford C. Bernstein restated an “outperform” rating on shares of Datadog in a research report on Wednesday, January 21st. Barclays lowered their target price on Datadog from $215.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Finally, Bank of America boosted their price target on Datadog from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Thirty-five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.92.

Datadog Price Performance

Shares of DDOG opened at $136.64 on Tuesday. The business has a 50-day moving average of $142.19 and a 200-day moving average of $145.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The company has a market capitalization of $47.92 billion, a price-to-earnings ratio of 440.77, a price-to-earnings-growth ratio of 23.21 and a beta of 1.26. Datadog has a 1 year low of $81.63 and a 1 year high of $201.69.

Datadog (NASDAQ:DDOG) last released its 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 business had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. During the same quarter in the prior year, the firm posted $0.46 EPS. The company’s revenue for the quarter 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. As a group, equities research analysts anticipate that Datadog will post 0.34 earnings per share for the current year.

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 43,106 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $133.93, for a total transaction of $5,773,186.58. Following the completion of the sale, the chief technology officer owned 301,458 shares in the company, valued at $40,374,269.94. The trade was a 12.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $124.89, for a total value of $988,629.24. Following the transaction, the director directly owned 340,701 shares in the company, valued at $42,550,147.89. The trade was a 2.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,071,709 shares of company stock valued at $192,590,597. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Callan Family Office LLC lifted its holdings in Datadog by 145.6% during the second quarter. Callan Family Office LLC now owns 22,680 shares of the company’s stock worth $3,047,000 after acquiring an additional 13,445 shares during the period. PKO Investment Management Joint Stock Co purchased a new stake in shares of Datadog during the 3rd quarter valued at $1,709,000. Munro Partners bought a new stake in shares of Datadog during the 3rd quarter worth $7,120,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Datadog by 37.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 109,233 shares of the company’s stock worth $15,555,000 after buying an additional 30,008 shares during the last quarter. Finally, Yousif Capital Management LLC grew its position in Datadog by 869.3% during the third quarter. Yousif Capital Management LLC now owns 36,777 shares of the company’s stock valued at $5,237,000 after buying an additional 32,983 shares during the period. 78.29% of the stock is currently 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.