Datadog (NASDAQ:DDOG) had its price target cut by research analysts at Barclays from $225.00 to $190.00 in a research note issued to investors on Wednesday, The Fly reports. Barclays’s price target indicates a potential upside of 26.46% from the company’s current price.
A number of other research firms have also weighed in on DDOG. Needham & Company LLC upped their target price on shares of Datadog from $173.00 to $236.00 and gave the stock a “buy” rating in a report on Monday, November 8th. Mizuho raised their price target on shares of Datadog from $170.00 to $225.00 and gave the company a “buy” rating in a report on Friday, November 5th. Morgan Stanley raised their target price on shares of Datadog from $164.00 to $200.00 and gave the stock an “overweight” rating in a research note on Sunday, November 7th. Loop Capital raised their target price on shares of Datadog from $160.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 5th. Finally, JPMorgan Chase & Co. downgraded Datadog from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $212.00 to $195.00 in a report on Tuesday, December 14th. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Datadog presently has an average rating of “Buy” and a consensus price target of $169.57.
DDOG opened at $150.25 on Wednesday. Datadog has a 52 week low of $69.73 and a 52 week high of $199.68. The firm has a market capitalization of $46.88 billion, a PE ratio of -1,061.35 and a beta of 1.01. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.94 and a current ratio of 3.94. The company has a fifty day moving average price of $174.68 and a two-hundred day moving average price of $147.30.
Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Datadog had a negative net margin of 5.01% and a negative return on equity of 2.72%. The business had revenue of $270.50 million for the quarter, compared to analyst estimates of $247.82 million. During the same quarter last year, the business posted ($0.02) EPS. The firm’s revenue for the quarter was up 74.9% on a year-over-year basis. Equities analysts forecast that Datadog will post -0.06 EPS for the current year.
In other news, insider Alexis Le-Quoc sold 455,928 shares of the firm’s stock in a transaction on Tuesday, November 16th. The shares were sold at an average price of $191.55, for a total transaction of $87,333,008.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David M. Obstler sold 3,750 shares of Datadog stock in a transaction dated Wednesday, January 5th. The stock was sold at an average price of $149.31, for a total transaction of $559,912.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,160,451 shares of company stock valued at $375,955,941. Insiders own 20.23% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in Datadog by 36.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 20,960,579 shares of the company’s stock valued at $2,181,577,000 after purchasing an additional 5,600,262 shares during the last quarter. Melvin Capital Management LP acquired a new position in Datadog during the second quarter worth approximately $130,100,000. Lord Abbett & CO. LLC increased its holdings in shares of Datadog by 1,886.0% in the third quarter. Lord Abbett & CO. LLC now owns 1,258,225 shares of the company’s stock valued at $177,850,000 after purchasing an additional 1,194,870 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Datadog in the third quarter valued at approximately $161,196,000. Finally, Vanguard Group Inc. boosted its position in Datadog by 5.7% during the second quarter. Vanguard Group Inc. now owns 19,845,493 shares of the company’s stock worth $2,065,519,000 after purchasing an additional 1,073,553 shares in the last quarter. Institutional investors own 58.23% of the company’s stock.
About Datadog
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.