Cantor Fitzgerald Lowers Earnings Estimates for Datadog

Datadog, Inc. (NASDAQ:DDOG) – Equities research analysts at Cantor Fitzgerald cut their FY2025 earnings per share estimates for shares of Datadog in a report released on Wednesday, May 7th. Cantor Fitzgerald analyst T. Blakey now anticipates that the company will post earnings per share of $0.30 for the year, down from their prior estimate of $0.36. Cantor Fitzgerald has a “Overweight” rating and a $134.00 price target on the stock. The consensus estimate for Datadog’s current full-year earnings is $0.34 per share.

DDOG has been the topic of a number of other research reports. Wells Fargo & Company lowered their target price on shares of Datadog from $140.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Datadog in a research note on Tuesday. Rosenblatt Securities decreased their target price on Datadog from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Wolfe Research downgraded Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. Finally, JMP Securities reiterated a “market perform” rating on shares of Datadog in a research report on Friday, February 14th. Seven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.54.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $107.88 on Thursday. The company has a market capitalization of $36.98 billion, a P/E ratio of 211.53, a P/E/G ratio of 44.03 and a beta of 1.12. Datadog has a 1-year low of $81.63 and a 1-year high of $170.08. The firm’s 50 day simple moving average is $100.20 and its two-hundred day simple moving average is $125.81.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The firm had revenue of $761.55 million for the quarter, compared to the consensus estimate of $741.73 million. During the same quarter last year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year.

Insider Transactions at Datadog

In other news, CRO Sean Michael Walters sold 8,454 shares of Datadog stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total transaction of $862,646.16. Following the completion of the sale, the executive now owns 185,871 shares of the company’s stock, valued at approximately $18,966,276.84. The trade was a 4.35 % 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, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $105.83, for a total value of $13,451,522.15. Following the completion of the transaction, the chief technology officer now directly owns 466,535 shares in the company, valued at approximately $49,373,399.05. This trade represents a 21.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 559,867 shares of company stock worth $57,550,902. 11.78% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Datadog

Several hedge funds have recently made changes to their positions in DDOG. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Datadog by 887.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock worth $25,000 after acquiring an additional 22,646 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in shares of Datadog in the 4th quarter worth approximately $30,000. Cornerstone Planning Group LLC boosted its stake in shares of Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Costello Asset Management INC purchased a new position in Datadog during the first quarter valued at approximately $30,000. Finally, Avior Wealth Management LLC raised its stake in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after buying an additional 81 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Company Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.