Scotiabank Cuts Datadog (NASDAQ:DDOG) Price Target to $180.00

Datadog (NASDAQ:DDOG) had its target price cut by Scotiabank from $217.00 to $180.00 in a research note released on Tuesday morning, Marketbeat Ratings reports. They currently have a sector outperform rating on the stock.

A number of other analysts have also weighed in on DDOG. The Goldman Sachs Group assumed coverage on shares of Datadog in a research note on Monday, January 12th. They set a “sell” rating and a $113.00 price objective for the company. Royal Bank Of Canada cut their price target on shares of Datadog from $216.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Needham & Company LLC raised their price target on shares of Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Capital One Financial decreased their price objective on shares of Datadog from $219.00 to $156.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Finally, Wall Street Zen downgraded Datadog from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Thirty-five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and an average target price of $190.77.

Datadog Stock Down 8.8%

DDOG stock opened at $128.18 on Tuesday. The business has a 50 day moving average of $140.08 and a 200 day moving average of $145.40. The firm has a market cap of $44.95 billion, a PE ratio of 413.48, a price-to-earnings-growth ratio of 25.07 and a beta of 1.26. Datadog has a twelve month low of $81.63 and a twelve month high of $201.69. 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 released its earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping 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 business had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. During the same period in the previous year, the company posted $0.46 earnings per share. 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. On average, research analysts forecast that Datadog will post 0.34 EPS for the current fiscal year.

Insider Transactions at Datadog

In related news, Director Matthew Jacobson sold 404,306 shares of Datadog stock in a transaction on Monday, November 10th. The stock was sold at an average price of $199.60, for a total value of $80,699,477.60. Following the completion of the sale, the director owned 12,859 shares of the company’s stock, valued at $2,566,656.40. The trade was a 96.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Olivier Pomel sold 100,754 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $181.18, for a total value of $18,254,609.72. Following the sale, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. This trade represents a 15.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,071,709 shares of company stock worth $192,590,597 in the last ninety days. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Datadog

Institutional investors have recently made changes to their positions in the business. D.A. Davidson & CO. grew its position in Datadog by 41.7% during the fourth quarter. D.A. Davidson & CO. now owns 3,970 shares of the company’s stock valued at $540,000 after buying an additional 1,169 shares during the period. Kestra Private Wealth Services LLC raised its position in Datadog by 149.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 10,270 shares of the company’s stock worth $1,397,000 after acquiring an additional 6,160 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Datadog by 6.1% during the 4th quarter. Sanctuary Advisors LLC now owns 21,290 shares of the company’s stock worth $2,895,000 after acquiring an additional 1,230 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its position in shares of Datadog by 79.4% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 15,310 shares of the company’s stock valued at $2,082,000 after acquiring an additional 6,776 shares during the period. Finally, NBC Securities Inc. grew its position in shares of Datadog by 242.6% during the 4th quarter. NBC Securities Inc. now owns 233 shares of the company’s stock valued at $32,000 after acquiring an additional 165 shares during the period. Institutional investors own 78.29% of the company’s stock.

More Datadog News

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: The Iconic customer win highlights continued enterprise demand for Datadog’s monitoring platform, supporting recurring revenue growth. THE ICONIC boosts platform reliability with Datadog
• Positive Sentiment: Scotiabank continues to view DDOG as a “safe AI monitoring” play in the sector and kept an Outperform/sector-preferred stance, underlining confidence in Datadog’s strategic positioning despite the PT cut. Scotiabank Sees Datadog (DDOG) as Safe AI Monitoring Play
• Positive Sentiment: Recent analyst/market commentary and a video overview reiterate the high-growth SaaS narrative for Datadog, which can attract longer-term growth investors. Datadog (DDOG) stock analysis | High growth SaaS stock
• Neutral Sentiment: Daiwa issued a new rating on DDOG — the presence of fresh coverage can increase liquidity/attention but is neutral until details affect guidance or PTs. Datadog (DDOG) Receives a New Rating from Daiwa
• Neutral Sentiment: Coverage on “bullish DDOG notes” and possible shifts in Datadog’s AI-platform strategy flags investor interest in how the company leverages AI, but strategic details remain evolving. Are Bullish DDOG Notes Revealing a Deeper Shift
• Negative Sentiment: BMO cut its price target from $215 to $170 (while keeping an Outperform), which likely triggered short-term selling and contributed to downward momentum. DDOG: Price target lowered by BMO Capital Markets
• Negative Sentiment: Scotiabank trimmed its PT from $217 to $180 — even with a positive view, the PT cut reduces marginal upside for some investors and can pressure short-term sentiment. Scotiabank Issues Pessimistic Forecast for Datadog
• Negative Sentiment: Elevated trading volume and a spike in sell-side activity (reflected in today’s heavier-than-average volume) amplified downward price moves; reported short-interest data appears anomalous and not explanatory. (No link)

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.