Monness Crespi & Hardt Lowers Datadog (NASDAQ:DDOG) Price Target to $160.00

Datadog (NASDAQ:DDOGGet Rating) had its price target decreased by equities researchers at Monness Crespi & Hardt from $228.00 to $160.00 in a research report issued to clients and investors on Friday, Briefing.com reports. The firm currently has a “buy” rating on the stock. Monness Crespi & Hardt’s price objective points to a potential upside of 43.02% from the company’s current price.

A number of other brokerages have also weighed in on DDOG. Citigroup cut their price objective on Datadog from $220.00 to $195.00 in a research report on Friday. Barclays dropped their price target on Datadog from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 19th. Royal Bank of Canada dropped their price target on Datadog from $225.00 to $167.00 in a research report on Monday. Needham & Company LLC dropped their price target on Datadog from $236.00 to $190.00 and set a “buy” rating on the stock in a research report on Tuesday, February 8th. Finally, Rosenblatt Securities dropped their price target on Datadog from $195.00 to $180.00 in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $171.04.

Shares of DDOG stock opened at $111.87 on Friday. The firm has a market cap of $35.12 billion, a P/E ratio of -1,597.91 and a beta of 1.25. Datadog has a fifty-two week low of $69.73 and a fifty-two week high of $199.68. The business’s 50 day moving average price is $137.06 and its 200-day moving average price is $154.48. The company has a debt-to-equity ratio of 0.71, a quick ratio of 3.54 and a current ratio of 3.54.

Datadog (NASDAQ:DDOGGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. The firm had revenue of $363.03 million for the quarter, compared to analyst estimates of $337.81 million. Datadog had a negative return on equity of 0.58% and a negative net margin of 2.02%. The business’s quarterly revenue was up 82.8% compared to the same quarter last year. During the same period last year, the company earned ($0.03) EPS. As a group, equities analysts predict that Datadog will post -0.24 EPS for the current year.

In other news, CFO David M. Obstler sold 3,750 shares of the company’s stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $171.53, for a total value of $643,237.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Amit Agarwal sold 2,500 shares of the company’s stock in a transaction dated Friday, February 11th. The stock was sold at an average price of $173.24, for a total value of $433,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 284,742 shares of company stock valued at $44,529,492. Company insiders own 20.23% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NEXT Financial Group Inc boosted its stake in Datadog by 51.8% during the fourth quarter. NEXT Financial Group Inc now owns 252 shares of the company’s stock valued at $45,000 after buying an additional 86 shares during the last quarter. ARK Investment Management LLC boosted its stake in Datadog by 8.0% during the first quarter. ARK Investment Management LLC now owns 1,187 shares of the company’s stock valued at $180,000 after buying an additional 88 shares during the last quarter. Winch Advisory Services LLC boosted its stake in Datadog by 44.4% during the first quarter. Winch Advisory Services LLC now owns 312 shares of the company’s stock valued at $47,000 after buying an additional 96 shares during the last quarter. We Are One Seven LLC boosted its stake in Datadog by 6.5% during the fourth quarter. We Are One Seven LLC now owns 1,633 shares of the company’s stock valued at $291,000 after buying an additional 99 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Datadog by 5.3% during the fourth quarter. Cetera Investment Advisers now owns 2,133 shares of the company’s stock valued at $380,000 after buying an additional 108 shares during the last quarter. 65.17% of the stock is owned by hedge funds and other institutional investors.

About Datadog (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.

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