Datadog (NASDAQ:DDOG) Price Target Cut to $120.00 by Analysts at Stifel Nicolaus

Datadog (NASDAQ:DDOGGet Rating) had its price target decreased by Stifel Nicolaus from $130.00 to $120.00 in a research report released on Friday, The Fly reports. Stifel Nicolaus currently has a buy rating on the stock.

DDOG has been the topic of several other research reports. Citigroup lowered their price target on shares of Datadog from $175.00 to $170.00 and set a buy rating on the stock in a report on Friday, August 5th. Jefferies Financial Group lowered their target price on shares of Datadog from $170.00 to $125.00 in a report on Monday, May 23rd. Bank of America started coverage on shares of Datadog in a report on Thursday, September 1st. They issued a buy rating and a $135.00 target price on the stock. Needham & Company LLC lowered their target price on shares of Datadog from $145.00 to $135.00 and set a buy rating on the stock in a report on Friday, August 5th. Finally, Canaccord Genuity Group started coverage on shares of Datadog in a report on Thursday, July 7th. They issued a hold rating and a $120.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, Datadog has a consensus rating of Moderate Buy and a consensus price target of $150.05.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $91.25 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31. Datadog has a 1-year low of $81.12 and a 1-year high of $199.68. The company has a market capitalization of $28.88 billion, a P/E ratio of 9,134.13 and a beta of 1.13. The firm’s 50 day simple moving average is $102.54 and its two-hundred day simple moving average is $112.57.

Datadog (NASDAQ:DDOGGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.10. Datadog had a net margin of 0.48% and a return on equity of 2.24%. The business had revenue of $406.14 million for the quarter, compared to the consensus estimate of $381.28 million. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. The company’s revenue for the quarter was up 73.9% on a year-over-year basis. Research analysts expect that Datadog will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In other Datadog news, insider Amit Agarwal sold 2,500 shares of the business’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $104.88, for a total transaction of $262,200.00. Following the transaction, the insider now owns 184,833 shares in the company, valued at $19,385,285.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Datadog news, insider Amit Agarwal sold 2,500 shares of the business’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $104.88, for a total transaction of $262,200.00. Following the transaction, the insider now owns 184,833 shares in the company, valued at $19,385,285.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Madre Armelle De sold 1,875 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $94.00, for a total transaction of $176,250.00. Following the transaction, the insider now owns 67,804 shares in the company, valued at approximately $6,373,576. The disclosure for this sale can be found here. Insiders have sold 90,146 shares of company stock worth $9,781,136 over the last quarter. Insiders own 15.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Optimum Investment Advisors bought a new position in shares of Datadog in the fourth quarter worth about $27,000. Riverview Trust Co bought a new position in shares of Datadog in the first quarter worth about $27,000. SJS Investment Consulting Inc. bought a new position in shares of Datadog in the first quarter worth about $27,000. Catalyst Capital Advisors LLC bought a new position in shares of Datadog in the first quarter worth about $27,000. Finally, Global Retirement Partners LLC bought a new position in shares of Datadog in the second quarter worth about $27,000. 71.98% of the stock is currently owned by 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.

Recommended Stories

The Fly logo

Analyst Recommendations for Datadog (NASDAQ:DDOG)

Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.com's FREE daily email newsletter.