Why Datadog Stock Is Sinking Today

Datadog (DDOG -4.22%) stock is losing ground in Wednesday's trading. The company's share price was down 4.9% as of 2:30 p.m. ET. At the same point in the day's trading, the S&P 500 index was down 0.9%, and the Nasdaq Composite index had declined 1.2%.After the market closed yesterday, Stifel published new coverage on Datadog. The firm downgraded its rating on the stock from buy to hold and cut its one-year price target from $165 per share to $140 per share. As of this writing, Stifel's new target implies do ...