Morgan Stanley Lowers Datadog (NASDAQ:DDOG) Price Target to $115.00

Market Beat
2025.04.17 16:31
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Morgan Stanley has lowered its price target for Datadog (NASDAQ:DDOG) from $143.00 to $115.00, maintaining an "equal weight" rating. This new target suggests a potential upside of 23.63% from the stock's previous close. Other brokerages have varied opinions, with Loop Capital raising its target to $200.00 and Barclays reducing it to $180.00. Datadog's stock is currently trading at $93.02, with a market cap of $31.88 billion. Analysts expect the company to post earnings of $0.34 per share for the current fiscal year.

Datadog (NASDAQ:DDOG - Get Free Report) had its price target lowered by investment analysts at Morgan Stanley from $143.00 to $115.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's target price would indicate a potential upside of 23.63% from the stock's previous close.

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Several other brokerages have also recently weighed in on DDOG. Loop Capital increased their price target on shares of Datadog from $160.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Macquarie restated an "outperform" rating and set a $200.00 target price on shares of Datadog in a report on Tuesday, February 11th. Barclays lowered their price objective on Datadog from $187.00 to $180.00 and set an "overweight" rating for the company in a research note on Friday, February 14th. Scotiabank reduced their target price on Datadog from $155.00 to $125.00 and set a "sector outperform" rating for the company in a report on Tuesday. Finally, JMP Securities restated a "market perform" rating on shares of Datadog in a research note on Friday, February 14th. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $152.37.

Check Out Our Latest Research Report on Datadog

Datadog Price Performance

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Shares of NASDAQ DDOG traded up $0.47 during trading on Wednesday, hitting $93.02. The stock had a trading volume of 1,246,184 shares, compared to its average volume of 4,317,772. The company has a market capitalization of $31.88 billion, a PE ratio of 182.40, a PEG ratio of 44.03 and a beta of 1.20. The firm has a fifty day moving average of $109.98 and a two-hundred day moving average of $128.77. Datadog has a 12 month low of $81.63 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, equities analysts expect that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Activity at Datadog

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In related news, CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total value of $862,646.16. Following the completion of the transaction, the executive now owns 185,871 shares in the company, valued at $18,966,276.84. This represents a 4.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $139.47, for a total value of $3,486,750.00. Following the transaction, the director now directly owns 195,667 shares of the company's stock, valued at $27,289,676.49. This represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 548,756 shares of company stock valued at $62,219,250 over the last ninety days. Corporate insiders own 11.78% of the company's stock.

Hedge Funds Weigh In On Datadog

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tobam increased its stake in shares of Datadog by 3.6% in the first quarter. Tobam now owns 5,507 shares of the company's stock worth $546,000 after purchasing an additional 192 shares during the period. GraniteShares Advisors LLC boosted its position in shares of Datadog by 10.0% in the 1st quarter. GraniteShares Advisors LLC now owns 5,820 shares of the company's stock worth $577,000 after purchasing an additional 527 shares during the last quarter. Compagnie Lombard Odier SCmA raised its stake in Datadog by 18.5% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 449,127 shares of the company's stock worth $44,558,000 after buying an additional 70,232 shares during the period. Fifth Third Bancorp increased its position in shares of Datadog by 21.0% during the first quarter. Fifth Third Bancorp now owns 13,622 shares of the company's stock worth $1,351,000 after acquiring an additional 2,367 shares in the last quarter. Finally, USA Financial Formulas boosted its position in Datadog by 49.9% during the 1st quarter. USA Financial Formulas now owns 12,747 shares of the company's stock worth $1,265,000 after acquiring an additional 4,243 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

About Datadog

(Get Free Report)

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.

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