Datadog (NASDAQ:DDOG) Upgraded by The Goldman Sachs Group to Strong Sell Rating

Datadog (NASDAQ:DDOG) was upgraded by equities research analysts at The Goldman Sachs Group to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Cowen reissued a “buy” rating on shares of Datadog in a research note on Thursday, November 6th. Rosenblatt Securities raised their price target on Datadog from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Robert W. Baird upped their price objective on Datadog from $165.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. lifted their target price on Datadog from $140.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Wall Street Zen raised shares of Datadog from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Thirty-two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Datadog currently has an average rating of “Moderate Buy” and a consensus target price of $198.82.

Datadog Stock Up 0.9%

NASDAQ DDOG opened at $126.57 on Monday. 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 has a 52 week low of $81.63 and a 52 week high of $201.69. The firm has a market capitalization of $44.38 billion, a price-to-earnings ratio of 408.29, a PEG ratio of 23.26 and a beta of 1.26. The company has a fifty day moving average of $153.96 and a two-hundred day moving average of $146.81.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. The business had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The business’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, analysts predict that Datadog will post 0.34 earnings per share for the current year.

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 11,195 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $137.93, for a total value of $1,544,126.35. Following the completion of the sale, the chief executive officer owned 518,133 shares in the company, valued at approximately $71,466,084.69. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David M. Obstler sold 12,513 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total transaction of $1,984,561.80. Following the completion of the sale, the chief financial officer directly owned 374,138 shares of the company’s stock, valued at $59,338,286.80. The trade was a 3.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,074,988 shares of company stock valued at $193,329,916 over the last three months. 8.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Datadog

A number of large investors have recently bought and sold shares of the business. Rothschild Investment LLC boosted its position in Datadog by 126.6% during the 3rd quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Physician Wealth Advisors Inc. boosted its position in Datadog by 315.2% during the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $27,000 after purchasing an additional 145 shares in the last quarter. Westside Investment Management Inc. boosted its position in Datadog by 74.3% during the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. JPL Wealth Management LLC purchased a new position in Datadog in the third quarter valued at about $27,000. Finally, Tripletail Wealth Management LLC bought a new position in Datadog in the third quarter worth about $28,000. Institutional investors own 78.29% of the company’s stock.

About Datadog

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.