Datadog (NASDAQ:DDOG) Stock Price Target Cut by Barclays

Datadog (NASDAQ:DDOG) had its price target reduced by equities research analysts at Barclays from $300.00 to $262.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 46.34% from the company’s previous close.

Several other research firms also recently weighed in on DDOG. DA Davidson reiterated a “buy” rating and issued a $315.00 target price on shares of Datadog in a research note on Friday, August 7th. Oppenheimer raised their price objective on shares of Datadog from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, October 26th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Datadog from $280.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, October 9th. Evercore reissued an “outperform” rating and set a $300.00 target price on shares of Datadog in a report on Monday, November 2nd. Finally, Royal Bank Of Canada lowered their target price on shares of Datadog from $320.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Datadog currently has an average rating of “Moderate Buy” and an average target price of $278.43.

Datadog Stock Performance

Shares of DDOG stock traded up $4.44 on Thursday, hitting $179.04. 5,937,232 shares of the stock were exchanged, compared to its average volume of 3,026,833. The firm’s 50 day moving average is $247.75 and its two-hundred day moving average is $200.01. Datadog has a one year low of $98.01 and a one year high of $300.68. The firm has a market capitalization of $64.29 billion, a PE ratio of 252.17, a P/E/G ratio of 21.09 and a beta of 1.50. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.17. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business posted $0.55 EPS. The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. Sell-side analysts expect that Datadog will post 0.70 earnings per share for the current fiscal year.

Insider Buying and Selling at Datadog

In other Datadog news, General Counsel Kerry Acocella sold 5,280 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $228.85, for a total value of $1,208,328.00. Following the completion of the transaction, the general counsel directly owned 115,243 shares of the company’s stock, valued at $26,373,360.55. This trade represents a 4.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yanbing Li sold 12,700 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $221.26, for a total transaction of $2,810,002.00. Following the transaction, the insider owned 250,446 shares of the company’s stock, valued at $55,413,681.96. This trade represents a 4.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 745,293 shares of company stock worth $175,536,548 in the last ninety days. Insiders own 6.48% of the company’s stock.

Institutional Investors Weigh In On Datadog

A number of institutional investors and hedge funds have recently made changes to their positions in DDOG. Cornerstone Financial Management LLC boosted its stake in Datadog by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after buying an additional 45 shares during the period. QTR Family Wealth LLC grew its position in Datadog by 3.2% during the third quarter. QTR Family Wealth LLC now owns 1,499 shares of the company’s stock worth $411,000 after buying an additional 47 shares in the last quarter. United Asset Strategies Inc. increased its stake in Datadog by 1.1% in the 3rd quarter. United Asset Strategies Inc. now owns 5,997 shares of the company’s stock worth $1,642,000 after acquiring an additional 68 shares during the last quarter. State of Wyoming increased its stake in Datadog by 4.1% in the 1st quarter. State of Wyoming now owns 1,946 shares of the company’s stock worth $230,000 after acquiring an additional 76 shares during the last quarter. Finally, Roberts Wealth Advisors LLC increased its stake in Datadog by 0.6% in the 3rd quarter. Roberts Wealth Advisors LLC now owns 15,720 shares of the company’s stock worth $4,305,000 after acquiring an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Key Datadog News

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Datadog beat Q3 estimates, reporting $1.20 billion in revenue, up 35.2% year over year, and adjusted EPS of $0.81 versus a $0.64 consensus. Infrastructure Monitoring annual recurring revenue also topped $2 billion, with broad-based platform use and AI adoption supporting demand. Article: Datadog’s Infrastructure Monitoring Tops $2B ARR in Q3, Revenues Beat
• Neutral Sentiment: Some analysts still see upside: several firms retained Buy or Overweight ratings even while trimming price targets. One valuation analysis also argues the share price may be supportable by future cash generation, though that depends on expectations for growth and AI demand. Article: Datadog Stock Could Still Be Undervalued As AI Hopes Swing
• Negative Sentiment: Investors remain wary of the outlook: Q4 guidance and customer-related factors signal a potential slowdown from Q3’s growth, while AI-customer discounts and lower-priced renewals may temper revenue growth. The forecast also relies on a minimum commitment from Datadog’s largest customer, adding uncertainty. Article: DDOG Q3 Earnings Call Highlights AI Growth and Customer Renewals
• Negative Sentiment: Multiple firms cut their price targets after the results—including Rosenblatt, TD Cowen, Wells Fargo, Citigroup and Wedbush. Though ratings remained favorable in several reports, the reductions suggest analysts are tempering near-term expectations. Article: Rosenblatt Lowers Datadog Price Target Article: Wedbush Sets New Datadog Price Target

About Datadog

Datadog, Inc provides a cloud-based monitoring and security platform that helps organizations observe and manage their technology environments. Its tools collect and analyze data from applications, infrastructure, networks, and other systems to help teams detect issues and improve performance.

The company’s products include infrastructure monitoring, application performance monitoring, log management, digital experience monitoring, database and network monitoring, and security tools. Datadog also offers capabilities for incident management and cloud security.

Founded in 2010 by Olivier Pomel and Alexis Lê-Quôc, Datadog serves customers around the world.