Datadog (NASDAQ:DDOG – Free Report) had its price target trimmed by Mizuho from $112.00 to $98.00 in a research note published on Wednesday, FlyOnTheWall reports.
Other analysts have also issued research reports about the company. Wells Fargo & Company cut their price target on Datadog from $130.00 to $120.00 in a report on Wednesday. Piper Sandler boosted their price target on Datadog from $75.00 to $88.00 in a report on Friday, June 9th. TheStreet raised Datadog from a d rating to a c- rating in a research note on Tuesday, May 30th. Citigroup upped their price objective on Datadog from $96.00 to $135.00 and gave the stock a buy rating in a research note on Monday, August 7th. Finally, Jefferies Financial Group upped their price objective on Datadog from $85.00 to $90.00 in a research note on Thursday, May 4th. Six investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $106.48.
View Our Latest Stock Report on DDOG
Datadog Stock Down 1.4 %
Datadog stock opened at $89.44 on Wednesday. The stock has a market cap of $28.79 billion, a PE ratio of -344.00 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.19 and a current ratio of 3.41. Datadog has a one year low of $61.34 and a one year high of $118.02. The stock has a fifty day moving average of $101.65 and a 200 day moving average of $85.13.
Datadog (NASDAQ:DDOG – Get Free Report) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. The company had revenue of $509.46 million during the quarter, compared to analysts’ expectations of $501.55 million. Datadog had a negative return on equity of 4.66% and a negative net margin of 4.38%. Datadog’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. As a group, sell-side analysts predict that Datadog will post -0.15 EPS for the current year.
Insider Activity
In other news, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $96.85, for a total value of $8,293,943.45. Following the completion of the sale, the chief executive officer now directly owns 336,486 shares of the company’s stock, valued at approximately $32,588,669.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $96.85, for a total transaction of $8,293,943.45. Following the completion of the sale, the chief executive officer now directly owns 336,486 shares of the company’s stock, valued at approximately $32,588,669.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Adam Blitzer sold 8,428 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $100.33, for a total value of $845,581.24. Following the sale, the chief operating officer now directly owns 220,016 shares of the company’s stock, valued at $22,074,205.28. The disclosure for this sale can be found here. Insiders sold 707,586 shares of company stock valued at $70,143,470 in the last ninety days. Insiders own 14.97% of the company’s stock.
Institutional Investors Weigh In On Datadog
A number of institutional investors and hedge funds have recently modified their holdings of DDOG. Massmutual Trust Co. FSB ADV lifted its stake in shares of Datadog by 92.4% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 379 shares of the company’s stock worth $28,000 after acquiring an additional 182 shares during the last quarter. Silicon Valley Capital Partners bought a new stake in Datadog during the 4th quarter valued at $32,000. Lindbrook Capital LLC raised its position in Datadog by 167.5% during the 2nd quarter. Lindbrook Capital LLC now owns 329 shares of the company’s stock valued at $32,000 after purchasing an additional 206 shares in the last quarter. Allworth Financial LP raised its position in Datadog by 493.0% during the 2nd quarter. Allworth Financial LP now owns 338 shares of the company’s stock valued at $33,000 after purchasing an additional 281 shares in the last quarter. Finally, Ogorek Anthony Joseph NY ADV raised its position in Datadog by 381.0% during the 1st quarter. Ogorek Anthony Joseph NY ADV now owns 481 shares of the company’s stock valued at $34,000 after purchasing an additional 381 shares in the last quarter. 67.25% of the stock is owned by institutional investors.
About Datadog
Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company’s products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management.
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