Datadog (NASDAQ:DDOG) Price Target Cut to $83.00 by Analysts at Barclays

Datadog (NASDAQ:DDOGGet Rating) had its target price lowered by Barclays from $98.00 to $83.00 in a research report sent to investors on Tuesday morning, The Fly reports. The firm currently has an overweight rating on the stock.

A number of other equities research analysts also recently issued reports on DDOG. Royal Bank of Canada lowered their price objective on Datadog from $125.00 to $105.00 and set an outperform rating on the stock in a research report on Monday, October 17th. Canaccord Genuity Group upgraded Datadog from a hold rating to a buy rating and lowered their price objective for the stock from $120.00 to $110.00 in a research report on Thursday, October 20th. KeyCorp increased their price objective on Datadog from $91.00 to $95.00 and gave the stock an overweight rating in a research report on Friday, November 4th. Rosenblatt Securities lowered their price objective on Datadog from $137.00 to $120.00 and set a buy rating on the stock in a research report on Thursday, October 20th. Finally, BTIG Research lowered their price objective on Datadog from $104.00 to $93.00 and set a buy rating on the stock in a research report on Friday, December 9th. Five research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $117.15.

Datadog Trading Up 1.3 %

NASDAQ:DDOG opened at $66.77 on Tuesday. The company has a market cap of $21.20 billion, a P/E ratio of -1,335.40 and a beta of 1.02. The stock’s fifty day moving average price is $73.84 and its two-hundred day moving average price is $88.62. Datadog has a 1 year low of $61.34 and a 1 year high of $184.70. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.23 and a quick ratio of 3.23.

Datadog (NASDAQ:DDOGGet Rating) last posted its earnings results on Thursday, November 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.02. The firm had revenue of $436.53 million for the quarter, compared to the consensus estimate of $412.15 million. Datadog had a positive return on equity of 0.60% and a negative net margin of 0.91%. As a group, analysts expect that Datadog will post -0.1 EPS for the current year.

Insider Buying and Selling

In other Datadog news, insider Alexis Le-Quoc sold 71,364 shares of Datadog stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $69.53, for a total transaction of $4,961,938.92. Following the sale, the insider now directly owns 179,370 shares of the company’s stock, valued at approximately $12,471,596.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Datadog news, insider Alexis Le-Quoc sold 71,364 shares of Datadog stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $69.53, for a total transaction of $4,961,938.92. Following the sale, the insider now directly owns 179,370 shares of the company’s stock, valued at approximately $12,471,596.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Adam Blitzer sold 7,139 shares of Datadog stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $74.63, for a total value of $532,783.57. Following the sale, the chief operating officer now directly owns 166,071 shares in the company, valued at $12,393,878.73. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,150,006 shares of company stock valued at $79,339,605 and have sold 269,888 shares valued at $19,904,866. 15.80% of the stock is owned by insiders.

Institutional Trading of Datadog

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Datadog by 2.8% during the third quarter. Vanguard Group Inc. now owns 24,146,835 shares of the company’s stock valued at $2,143,756,000 after purchasing an additional 654,436 shares during the last quarter. Tiger Global Management LLC lifted its holdings in shares of Datadog by 218.3% during the third quarter. Tiger Global Management LLC now owns 5,775,031 shares of the company’s stock valued at $512,707,000 after purchasing an additional 3,960,748 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Datadog by 7.8% during the first quarter. Capital Research Global Investors now owns 5,002,081 shares of the company’s stock valued at $757,665,000 after purchasing an additional 360,371 shares during the last quarter. Public Investment Fund purchased a new position in shares of Datadog during the second quarter valued at approximately $428,470,000. Finally, Dragoneer Investment Group LLC lifted its holdings in shares of Datadog by 29.6% during the third quarter. Dragoneer Investment Group LLC now owns 4,018,070 shares of the company’s stock valued at $356,724,000 after purchasing an additional 917,680 shares during the last quarter. 70.93% of the stock is 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.

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