Datadog (NASDAQ:DDOG) Price Target Cut to $145.00 by Analysts at Barclays

Datadog (NASDAQ:DDOG) had its price objective trimmed by Barclays from $152.00 to $145.00 in a report issued on Wednesday, Benzinga reports. The firm currently has an overweight rating on the stock.

Other research analysts also recently issued reports about the stock. Citigroup increased their target price 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. Truist Financial increased their price objective on Datadog from $140.00 to $155.00 and gave the company a buy rating in a report on Wednesday, February 14th. Robert W. Baird raised Datadog from a neutral rating to an outperform rating and upped their price target for the company from $130.00 to $140.00 in a research report on Wednesday. Cantor Fitzgerald restated an overweight rating and issued a $150.00 price objective on shares of Datadog in a research note on Wednesday, April 17th. Finally, Wolfe Research increased their target price on shares of Datadog from $140.00 to $150.00 and gave the stock an outperform rating in a research report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $135.58.

Datadog Stock Up 0.2 %

DDOG traded up $0.18 during mid-day trading on Wednesday, reaching $117.46. 953,270 shares of the stock were exchanged, compared to its average volume of 4,248,973. Datadog has a 1 year low of $77.81 and a 1 year high of $138.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. The stock has a market capitalization of $38.98 billion, a PE ratio of 977.33 and a beta of 1.14. The company has a 50 day moving average price of $124.57 and a two-hundred day moving average price of $119.16.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.08) EPS. As a group, research analysts anticipate that Datadog will post -0.14 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on 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 owns 247,328 shares of the company’s stock, valued at $33,414,012.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Datadog news, CFO David M. Obstler sold 15,000 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $130.28, for a total value of $1,954,200.00. Following the completion of the sale, the chief financial officer now owns 275,191 shares in the company, valued at approximately $35,851,883.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $135.10, for a total value of $17,171,885.50. Following the transaction, the chief technology officer now directly owns 247,328 shares in the company, valued at $33,414,012.80. The disclosure for this sale can be found here. Insiders have sold 712,230 shares of company stock valued at $91,161,780 in the last ninety days. Company insiders own 11.78% of the company’s stock.

Institutional Trading of Datadog

Several large investors have recently added to or reduced their stakes in DDOG. Cambridge Investment Research Advisors Inc. lifted its position in shares of Datadog by 96.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 33,433 shares of the company’s stock worth $3,045,000 after purchasing an additional 16,410 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Datadog by 5.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 46,731 shares of the company’s stock worth $4,257,000 after buying an additional 2,462 shares during the period. Stratos Wealth Partners LTD. bought a new stake in Datadog during the 3rd quarter valued at approximately $363,000. IFM Investors Pty Ltd grew its holdings in shares of Datadog by 0.8% during the 3rd quarter. IFM Investors Pty Ltd now owns 49,232 shares of the company’s stock worth $4,485,000 after acquiring an additional 405 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Datadog by 25.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 341,516 shares of the company’s stock worth $31,109,000 after acquiring an additional 68,705 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

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.