Datadog (NASDAQ:DDOG) PT Lowered to $145.00

Datadog (NASDAQ:DDOG) had its target price cut by investment analysts at Barclays from $152.00 to $145.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 23.97% from the company’s current price.

Other equities research analysts have also issued reports about the company. Wolfe Research upped their price target on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. BMO Capital Markets dropped their target price on Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $165.00 price target on shares of Datadog in a report on Tuesday. Citigroup boosted their price target on shares of Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Wedbush restated an “outperform” rating and set a $155.00 price objective on shares of Datadog in a research report on Monday. Four analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $135.58.

Datadog Price Performance

DDOG stock traded up $4.56 during midday trading on Wednesday, reaching $116.96. The stock had a trading volume of 5,472,722 shares, compared to its average volume of 4,254,698. Datadog has a 52-week low of $77.81 and a 52-week high of $138.61. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $124.57 and its 200 day simple moving average is $119.16. The company has a market cap of $38.82 billion, a price-to-earnings ratio of 972.50 and a beta of 1.14.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The firm had revenue of $589.65 million for the quarter, compared to the consensus estimate of $568.73 million. During the same period last year, the firm posted ($0.08) earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. As a group, sell-side analysts predict that Datadog will post -0.14 earnings per share for the current fiscal year.

Insider Activity at Datadog

In other news, CEO Olivier Pomel sold 19,226 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $130.06, for a total value of $2,500,533.56. Following the sale, the chief executive officer now directly owns 299,075 shares in the company, valued at $38,897,694.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the completion of the sale, the chief technology officer now directly owns 247,328 shares of the company’s stock, valued at approximately $33,414,012.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Olivier Pomel sold 19,226 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $130.06, for a total value of $2,500,533.56. Following the completion of the transaction, the chief executive officer now owns 299,075 shares in the company, valued at approximately $38,897,694.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 626,593 shares of company stock worth $80,422,044. Corporate insiders own 11.78% of the company’s stock.

Hedge Funds Weigh In On Datadog

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DDOG. Anchor Investment Management LLC purchased a new stake in shares of Datadog during the 4th quarter worth approximately $25,000. Riverview Trust Co acquired a new stake in Datadog during the 1st quarter worth $26,000. Raleigh Capital Management Inc. purchased a new stake in Datadog in the fourth quarter valued at $29,000. Private Trust Co. NA boosted its stake in Datadog by 743.3% in the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after acquiring an additional 223 shares in the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in shares of Datadog during the fourth quarter worth about $33,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Company Profile

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.