Jefferies Financial Group Cuts Datadog (NASDAQ:DDOG) Price Target to $180.00

Datadog (NASDAQ:DDOG) had its target price cut by Jefferies Financial Group from $220.00 to $180.00 in a research note released on Monday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently issued reports on DDOG. Macquarie increased their price objective on shares of Datadog from $175.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Cowen reissued a “buy” rating on shares of Datadog in a research note on Thursday, November 6th. The Goldman Sachs Group increased their price target on shares of Datadog from $165.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Guggenheim set a $105.00 price target on shares of Datadog in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada decreased their price objective on Datadog from $216.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday. Thirty-three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and a consensus target price of $203.87.

Datadog Price Performance

Shares of DDOG stock opened at $141.45 on Monday. The stock has a 50 day moving average of $155.95 and a two-hundred day moving average of $146.75. 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. The company has a market capitalization of $49.60 billion, a P/E ratio of 456.29, a P/E/G ratio of 25.41 and a beta of 1.26.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. The business had revenue of $885.65 million for the quarter, compared to analysts’ expectations 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 in the previous year, the business 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 expect that Datadog will post 0.34 EPS for the current year.

Insider Activity at Datadog

In other news, insider Yanbing Li sold 6,715 shares of Datadog stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total value of $1,064,999.00. Following the completion of the transaction, the insider owned 199,394 shares in the company, valued at approximately $31,623,888.40. The trade was a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Adam Blitzer sold 8,023 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was 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 directly owned 165,197 shares in the company, 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. In the last quarter, insiders have sold 1,091,237 shares of company stock valued at $195,954,762. Insiders own 8.70% of the company’s stock.

Institutional Trading of Datadog

Several large investors have recently made changes to their positions in DDOG. Green Alpha Advisors LLC acquired a new stake in shares of Datadog in the fourth quarter valued at $702,000. MassMutual Private Wealth & Trust FSB grew its holdings in Datadog by 47.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,006 shares of the company’s stock worth $137,000 after acquiring an additional 326 shares during the last quarter. Aventura Private Wealth LLC acquired a new stake in Datadog in the 4th quarter valued at about $68,000. Sagespring Wealth Partners LLC increased its position in Datadog by 8.7% in the 4th quarter. Sagespring Wealth Partners LLC now owns 3,690 shares of the company’s stock valued at $502,000 after acquiring an additional 294 shares in the last quarter. Finally, Everhart Financial Group Inc. bought a new position in shares of Datadog in the fourth quarter worth about $215,000. Institutional investors own 78.29% of the company’s stock.

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.