Datadog (NASDAQ:DDOG) Given New $223.00 Price Target at The Goldman Sachs Group

Datadog (NASDAQ:DDOGGet Rating) had its price objective decreased by The Goldman Sachs Group from $250.00 to $223.00 in a research note released on Thursday morning, Marketbeat reports. The Goldman Sachs Group currently has a buy rating on the stock.

DDOG has been the subject of several other reports. Raymond James lifted their price objective on Datadog from $200.00 to $210.00 and gave the stock an outperform rating in a report on Friday, February 11th. Royal Bank of Canada lifted their price objective on Datadog from $210.00 to $225.00 and gave the stock an outperform rating in a report on Friday, February 11th. Truist Financial reduced their price objective on Datadog from $225.00 to $200.00 and set a buy rating for the company in a report on Thursday, March 24th. Morgan Stanley boosted their price target on Datadog from $200.00 to $210.00 and gave the stock an overweight rating in a report on Friday, February 11th. Finally, Needham & Company LLC cut their price target on Datadog from $236.00 to $190.00 and set a buy rating for the company in a report on Tuesday, February 8th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Datadog presently has a consensus rating of Buy and an average price target of $181.00.

DDOG opened at $136.04 on Thursday. The business has a 50 day simple moving average of $148.45 and a 200-day simple moving average of $156.72. The stock has a market capitalization of $42.70 billion, a P/E ratio of -1,943.15 and a beta of 1.08. Datadog has a 12 month low of $69.73 and a 12 month high of $199.68. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.54 and a quick ratio of 3.54.

Datadog (NASDAQ:DDOGGet Rating) last issued its quarterly earnings data on Thursday, February 10th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.09. The firm had revenue of $326.20 million during the quarter, compared to analysts’ expectations of $291.42 million. Datadog had a negative return on equity of 0.58% and a negative net margin of 2.02%. Datadog’s revenue was up 83.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) earnings per share. Research analysts anticipate that Datadog will post -0.24 EPS for the current year.

In other Datadog news, General Counsel Kerry Acocella sold 268 shares of the business’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $157.83, for a total transaction of $42,298.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Amit Agarwal sold 2,500 shares of the business’s stock in a transaction dated Friday, April 8th. The shares were sold at an average price of $134.57, for a total value of $336,425.00. Following the sale, the insider now directly owns 157,384 shares of the company’s stock, valued at approximately $21,179,164.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 405,096 shares of company stock valued at $60,289,609. Company insiders own 20.23% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Atticus Wealth Management LLC boosted its position in shares of Datadog by 15.7% in the third quarter. Atticus Wealth Management LLC now owns 5,705 shares of the company’s stock worth $806,000 after buying an additional 775 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Datadog in the third quarter worth about $231,000. Financial Counselors Inc. boosted its position in shares of Datadog by 2.4% in the third quarter. Financial Counselors Inc. now owns 16,752 shares of the company’s stock worth $2,368,000 after buying an additional 400 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of Datadog by 6.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 110,772 shares of the company’s stock worth $15,658,000 after buying an additional 6,234 shares during the period. Finally, WINTON GROUP Ltd boosted its position in shares of Datadog by 10.8% in the third quarter. WINTON GROUP Ltd now owns 18,553 shares of the company’s stock worth $2,622,000 after buying an additional 1,803 shares during the period. 64.06% of the stock is owned by hedge funds and other 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 customers technology stack.

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