Datadog (NASDAQ:DDOG) Price Target Lowered to $140.00 at Raymond James

Datadog (NASDAQ:DDOG – Get Rating) had its target price trimmed by Raymond James from $170.00 to $140.00 in a research note published on Friday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also commented on DDOG. Jefferies Financial Group dropped their price target on shares of Datadog from $170.00 to $125.00 in a research note on Monday, May 23rd. The Goldman Sachs Group decreased their price objective on shares of Datadog from $250.00 to $223.00 and set a buy rating for the company in a report on Thursday, April 14th. Truist Financial decreased their price objective on shares of Datadog from $200.00 to $170.00 in a report on Friday, May 6th. Canaccord Genuity Group began coverage on shares of Datadog in a report on Thursday, July 7th. They set a hold rating and a $120.00 price objective for the company. Finally, Needham & Company LLC decreased their price objective on shares of Datadog from $145.00 to $135.00 and set a buy rating for the company in a report on Friday. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Datadog has a consensus rating of Moderate Buy and a consensus target price of $154.20.

Datadog Stock Up 2.5 %

Datadog stock opened at $113.29 on Friday. The firm has a market cap of $35.69 billion, a PE ratio of 11,340.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.33 and a current ratio of 3.33. The firm’s 50 day moving average price is $98.82 and its two-hundred day moving average price is $121.67. Datadog has a twelve month low of $81.12 and a twelve month high of $199.68.

Datadog (NASDAQ:DDOG – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.14 by $0.10. Datadog had a net margin of 0.48% and a return on equity of 2.34%. The company had revenue of $406.14 million for the quarter, compared to analyst estimates of $381.28 million. During the same quarter in the prior year, the business posted ($0.02) EPS. Datadog’s quarterly revenue was up 73.9% on a year-over-year basis. On average, research analysts predict that Datadog will post -0.14 EPS for the current fiscal year.

Insider Transactions at Datadog

In other Datadog news, insider Madre Armelle De sold 1,875 shares of the business’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $90.00, for a total value of $168,750.00. Following the transaction, the insider now directly owns 70,237 shares in the company, valued at $6,321,330. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO David M. Obstler sold 9,693 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $115.38, for a total transaction of $1,118,378.34. Following the sale, the chief financial officer now directly owns 209,810 shares in the company, valued at approximately $24,207,877.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Madre Armelle De sold 1,875 shares of the stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $90.00, for a total value of $168,750.00. Following the completion of the transaction, the insider now owns 70,237 shares in the company, valued at $6,321,330. The disclosure for this sale can be found here. In the last three months, insiders sold 148,650 shares of company stock valued at $15,336,520. Company insiders own 15.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Datadog by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 22,492,050 shares of the company’s stock valued at $3,406,871,000 after buying an additional 322,533 shares during the last quarter. ICONIQ Capital LLC boosted its position in Datadog by 245.4% in the 1st quarter. ICONIQ Capital LLC now owns 15,791,929 shares of the company’s stock valued at $2,392,003,000 after buying an additional 11,219,544 shares during the last quarter. Capital Research Global Investors boosted its position in Datadog by 7.8% in the 1st quarter. Capital Research Global Investors now owns 5,002,081 shares of the company’s stock valued at $757,665,000 after buying an additional 360,371 shares during the last quarter. Geode Capital Management LLC boosted its position in Datadog by 14.1% in the 4th quarter. Geode Capital Management LLC now owns 3,328,280 shares of the company’s stock valued at $592,147,000 after buying an additional 410,717 shares during the last quarter. Finally, Dragoneer Investment Group LLC boosted its position in Datadog by 6.2% in the 1st quarter. Dragoneer Investment Group LLC now owns 2,900,390 shares of the company’s stock valued at $439,322,000 after buying an additional 168,230 shares during the last quarter. 65.17% of the stock is currently owned by institutional investors.

Datadog Company Profile

(Get Rating)

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.