TD Cowen Issues Pessimistic Forecast for Datadog (NASDAQ:DDOG) Stock Price

by · The Markets Daily

Datadog (NASDAQ:DDOG – Get Free Report) had its price target reduced by TD Cowen from $235.00 to $200.00 in a report issued on Wednesday,MarketScreener reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price objective indicates a potential upside of 61.38% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Morgan Stanley raised their target price on Datadog from $165.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Oppenheimer increased their price objective on Datadog from $165.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Macquarie upped their price objective on shares of Datadog from $175.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Piper Sandler dropped their price target on shares of Datadog from $225.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. Finally, Barclays decreased their price objective on Datadog from $215.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Thirty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.13.

Get Our Latest Research Report on Datadog

Datadog Stock Up 5.9%

Shares of NASDAQ DDOG opened at $123.93 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. Datadog has a 1 year low of $81.63 and a 1 year high of $201.69. The stock has a market capitalization of $43.46 billion, a P/E ratio of 398.74, a P/E/G ratio of 21.50 and a beta of 1.26. The company has a 50-day moving average price of $146.60 and a 200-day moving average price of $145.95.

Datadog (NASDAQ:DDOG – Get Free Report) last released its quarterly earnings results 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 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%.The company’s quarterly revenue was up 28.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. On average, equities research analysts forecast that Datadog will post 0.34 EPS for the current fiscal year.

Insider Activity

In other Datadog news, CEO Olivier Pomel sold 100,754 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 533,358 shares in the company, valued at approximately $96,633,802.44. This represents a 15.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $197.99, for a total transaction of $10,674,036.88. Following the transaction, the chief technology officer owned 395,661 shares of the company’s stock, valued at $78,336,921.39. This represents a 11.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,071,709 shares of company stock valued at $192,590,597 in the last three months. 8.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Datadog

Several large investors have recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC raised its holdings in shares of Datadog by 3.3% in the third quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock valued at $242,000 after buying an additional 55 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Datadog by 13.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after buying an additional 73 shares during the period. Vivaldi Capital Management LP grew its holdings in Datadog by 2.8% during the third quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock worth $383,000 after acquiring an additional 74 shares during the period. Westside Investment Management Inc. raised its position in Datadog by 74.3% in the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Finally, Nilsine Partners LLC lifted its holdings in Datadog by 2.4% in the third quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock valued at $484,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Company Profile

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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.

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