Datadog (NASDAQ:DDOG – Get Rating)’s stock had its “outperform” rating reissued by investment analysts at Robert W. Baird in a research note issued on Wednesday, Stock Target Advisor reports. They presently have a $120.00 target price on the stock. Robert W. Baird’s target price points to a potential upside of 28.25% from the stock’s current price.
Several other research analysts have also commented on DDOG. KeyCorp dropped their price objective on shares of Datadog from $132.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday, August 5th. Barclays cut their price target on shares of Datadog from $150.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, August 5th. Rosenblatt Securities dropped their target price on Datadog from $180.00 to $146.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Canaccord Genuity Group initiated coverage on Datadog in a report on Thursday, July 7th. They issued a “hold” rating and a $120.00 price target on the stock. Finally, Mizuho cut their price objective on Datadog from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, August 5th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $148.74.
Datadog Trading Down 0.2 %
Datadog stock opened at $93.57 on Wednesday. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61. Datadog has a 12-month low of $81.12 and a 12-month high of $199.68. The firm has a market capitalization of $29.61 billion, a price-to-earnings ratio of 9,366.37 and a beta of 1.13. The firm has a 50 day moving average of $101.92 and a 200 day moving average of $111.01.
Datadog (NASDAQ:DDOG – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $381.28 million. During the same period last year, the firm posted ($0.02) EPS. The company’s revenue was up 73.9% on a year-over-year basis. As a group, research analysts predict that Datadog will post -0.14 earnings per share for the current year.
Insider Buying and Selling at Datadog
In other Datadog news, insider Amit Agarwal sold 2,500 shares of the stock in a transaction that occurred on Friday, July 8th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Julie Richardson sold 3,906 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $96.87, for a total transaction of $378,374.22. Following the completion of the sale, the director now owns 3,932 shares of the company’s stock, valued at $380,892.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amit Agarwal sold 2,500 shares of the firm’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $104.88, for a total transaction of $262,200.00. Following the completion of the transaction, the insider now directly owns 184,833 shares in the company, valued at $19,385,285.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,052 shares of company stock valued at $10,159,510. 15.80% of the stock is owned by company insiders.
Hedge Funds Weigh In On Datadog
A number of hedge funds have recently made changes to their positions in DDOG. Dimensional Fund Advisors LP boosted its stake in shares of Datadog by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 124,888 shares of the company’s stock worth $22,244,000 after acquiring an additional 1,800 shares during the last quarter. American International Group Inc. grew its holdings in shares of Datadog by 369.1% during the fourth quarter. American International Group Inc. now owns 21,399 shares of the company’s stock worth $3,811,000 after buying an additional 16,837 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Datadog by 52.5% during the fourth quarter. Schroder Investment Management Group now owns 6,745 shares of the company’s stock worth $1,202,000 after buying an additional 2,321 shares in the last quarter. Hilltop Holdings Inc. acquired a new stake in shares of Datadog in the fourth quarter valued at about $236,000. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in shares of Datadog by 8.7% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 22,473 shares of the company’s stock worth $4,003,000 after buying an additional 1,802 shares in the last quarter. Institutional investors and hedge funds own 71.98% of the company’s stock.
Datadog Company Profile
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.