Datadog (NASDAQ:DDOG – Get Rating) had its price objective decreased by BTIG Research from $104.00 to $93.00 in a note issued to investors on Friday, The Fly reports. BTIG Research's price objective points to a potential upside of 25.64% from the stock's current price.
A number of other equities analysts have also weighed in on DDOG. Needham & Company LLC reduced their target price on shares of Datadog from $135.00 to $90.00 and set a "buy" rating for the company in a research note on Thursday, November 3rd. Wolfe Research assumed coverage on shares of Datadog in a research note on Monday, November 7th. They set a "peer perform" rating for the company. JPMorgan Chase & Co. assumed coverage on shares of Datadog in a research note on Friday, September 23rd. They set a "neutral" rating for the company. Barclays reduced their price objective on shares of Datadog from $130.00 to $110.00 and set an "overweight" rating for the company in a research note on Tuesday, October 18th. Finally, Moffett Nathanson assumed coverage on shares of Datadog in a research note on Thursday, September 22nd. They set a "buy" rating and a $143.00 price objective for the company. Five research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, Datadog presently has an average rating of "Moderate Buy" and an average target price of $122.81.
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Datadog Price Performance
DDOG opened at $74.02 on Friday. The stock has a market cap of $23.51 billion, a P/E ratio of -1,480.40 and a beta of 1.03. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.57. Datadog has a 12 month low of $66.45 and a 12 month high of $186.28. The company has a fifty day simple moving average of $79.11 and a 200 day simple moving average of $92.31.
Datadog (NASDAQ:DDOG – Get Rating) last announced its earnings results on Thursday, November 3rd. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. The firm had revenue of $436.53 million during the quarter, compared to analyst estimates of $412.15 million. Datadog had a negative net
margin of 0.91% and a positive return on equity of 0.60%. On average, research analysts expect that Datadog will post -0.1 EPS for the current year.
Insider Transactions at Datadog
In other Datadog news, Director Matthew Jacobson bought 296,965 shares of the stock in a transaction dated Wednesday, November 9th. The shares were bought at an average cost of $67.35 per share, with a total value of $20,000,592.75. Following the completion of the acquisition, the director now owns 605,766 shares of the company's stock, valued at $40,798,340.10. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Datadog news, Director Matthew Jacobson bought 296,965 shares of the stock in a transaction dated Wednesday, November 9th. The shares were bought at an average cost of $67.35 per share, with a total value of $20,000,592.75. Following the completion of the acquisition, the director now owns 605,766 shares of the company's stock, valued at $40,798,340.10. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Julie Richardson sold 3,906 shares of the firm's stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $96.87, for a total transaction of $378,374.22. Following the transaction, the director now directly owns 3,932 shares in the company, valued at $380,892.84. 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 197,661 shares valued at $15,032,294. Insiders own 15.80% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in DDOG. Catalyst Capital Advisors LLC bought a new position in Datadog in the first quarter valued at approximately $27,000. Global Retirement Partners LLC bought a new position in Datadog in the second quarter valued at approximately $27,000. O Dell Group LLC acquired a new stake in Datadog in the second quarter valued at approximately $30,000. CI Investments Inc. boosted its position in Datadog by 1,003.2% in the third quarter. CI Investments Inc. now owns 342 shares of the company's stock valued at $30,000 after buying an additional 311 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in Datadog in the second quarter valued at approximately $32,000. 71.98% of the stock is owned by institutional investors.
Datadog Company Profile
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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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