Cantor Fitzgerald Reduces Earnings Estimates for Datadog

Datadog, Inc. (NASDAQ:DDOG - Free Report) - Equities researchers at Cantor Fitzgerald decreased their FY2025 EPS estimates for Datadog in a research report issued to clients and investors 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 currently has a "Overweight" rating and a $134.00 target price on the stock. The consensus estimate for Datadog's current full-year earnings is $0.34 per share.

Several other analysts have also issued reports on DDOG. Scotiabank set a $130.00 price target on shares of Datadog and gave the company an "outperform" rating in a research report on Wednesday. Rosenblatt Securities dropped their price objective on Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a research note on Monday. Macquarie dropped their price target on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday. Citigroup lowered their price objective on shares of Datadog from $170.00 to $165.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Finally, Wedbush lowered their price target on Datadog from $155.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Datadog currently has an average rating of "Moderate Buy" and a consensus target price of $141.54.

Datadog Price Performance

NASDAQ:DDOG opened at $106.10 on Thursday. The company has a market capitalization of $36.37 billion, a price-to-earnings ratio of 208.04, a PEG 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 business has a 50 day moving average of $100.43 and a 200 day moving average of $126.04.

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

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 107,365 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $109.56, for a total transaction of $11,762,909.40. Following the completion of the transaction, the chief executive officer now directly owns 435,793 shares in the company, valued at approximately $47,745,481.08. This represents a 19.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Amit Agarwal sold 10,167 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $115.86, for a total value of $1,177,948.62. Following the completion of the transaction, the director now owns 82,324 shares in the company, valued at approximately $9,538,058.64. This trade represents a 10.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 385,456 shares of company stock worth $39,018,715 over the last three months. Corporate insiders own 11.78% of the company's stock.

Hedge Funds Weigh In On Datadog

A number of institutional investors have recently added to or reduced their stakes in DDOG. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Datadog by 887.0% during 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 last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Datadog in the 4th quarter valued at approximately $30,000. Cornerstone Planning Group LLC boosted its position in shares of Datadog by 96.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after purchasing an additional 154 shares during the period. Avior Wealth Management LLC boosted its position in shares of Datadog by 55.9% during 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 during the period. Finally, Putney Financial Group LLC purchased a new position in Datadog during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

About Datadog

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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