Datadog (NASDAQ:DDOG) Price Target Cut to $145.00

Datadog (NASDAQ:DDOG) had its target price decreased by research analysts at Barclays from $152.00 to $145.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 25.14% from the stock’s current price.

DDOG has been the subject of several other research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $165.00 price target on shares of Datadog in a research report on Tuesday. William Blair reaffirmed an “outperform” rating on shares of Datadog in a research report on Friday, February 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $146.00 price target on shares of Datadog in a research report on Monday. 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 report on Wednesday, February 14th. Finally, Mizuho increased their target price on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Four investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $135.58.

Datadog Price Performance

DDOG opened at $115.87 on Wednesday. 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 $38.45 billion, a P/E ratio of 965.58 and a beta of 1.14. The company’s 50-day simple moving average is $124.30 and its two-hundred day simple moving average is $119.14. Datadog has a 52-week low of $77.81 and a 52-week high of $138.61.

Datadog (NASDAQ:DDOG) last posted its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating 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 business had revenue of $589.65 million for the quarter, compared to analysts’ expectations of $568.73 million. During the same quarter in the prior year, the business earned ($0.08) EPS. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, analysts predict that Datadog will post -0.14 EPS for the current year.

Insider Activity

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 transaction, the chief technology officer now directly owns 247,328 shares in the company, valued at approximately $33,414,012.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Madre Armelle De sold 300 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total transaction of $34,011.00. Following the completion of the transaction, the insider now directly owns 100,053 shares in the company, valued at approximately $11,343,008.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $135.10, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 712,530 shares of company stock worth $91,195,791. 11.78% of the stock is currently owned by insiders.

Institutional Trading of Datadog

Institutional investors have recently bought and sold shares of the stock. Riverview Trust Co bought a new stake in Datadog in the first quarter worth $26,000. Anchor Investment Management LLC bought a new stake in Datadog in the fourth quarter worth $25,000. Raleigh Capital Management Inc. bought a new stake in Datadog in the fourth quarter worth $29,000. Private Trust Co. NA lifted its position in Datadog by 743.3% in the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after buying an additional 223 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in Datadog in the fourth quarter worth $33,000. 78.29% of the stock is currently owned by institutional investors.

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.