Datadog, Inc. (NASDAQ: DDOG – Get Rating) has been assigned a consensus rating of “moderate buy” by the thirty rating companies that currently cover the company, reports MarketBeat.com. Five equity research analysts gave the stock a hold rating and twenty-two gave the company a buy rating. The 12-month average target price among brokerages that have reported on the stock over the past year is $114.62.
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A number of research companies have weighed in on DDOG. Goldman Sachs Group cut its price target on Datadog from $188.00 to $162.00 and set a “buy” rating for the company in a Friday, Nov. 4 research note. Wolfe Research began covering Datadog in a research note on Monday, November 7. They established a “peer performance” rating for the company. Canaccord Genuity Group downgraded Datadog from a “hold” rating to a “buy” rating and reduced its price target for the company from $120.00 to $110.00 in a Thursday 20 research note. october. Citigroup reduced its price target on Datadog from $170.00 to $100.00 and set a “buy” rating for the company in a Friday, Nov. 4 research note. Finally, KeyCorp raised its price target on Datadog from $91.00 to $95.00 and gave the company an “overweight” rating in a Friday, Nov. 4 research note.
Performance of Datadog stocks
Shares of DDOG opened at $70.75 on Thursday. The company has a market capitalization of $22.47 billion, a price/earnings ratio of -1,415.00 and a beta of 1.02. The company has a debt ratio of 0.57, a current ratio of 3.23 and a quick ratio of 3.23. The company has a fifty-day moving average of $72.79 and a 200-day moving average of $86.25. Datadog has a 1-year low of $61.34 and a 1-year high of $184.70.
Datadog Inc (NASDAQ:DDOG – Get Rating) last released its results on Thursday, November 3. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($0.08) by $0.02. The company posted revenue of $436.53 million in the quarter, compared to analyst estimates of $412.15 million. Datadog posted a positive return on equity of 0.60% and a negative net margin of 0.91%. As a group, research analysts expect Datadog to post -0.1 earnings per share for the current year.
Insider Trading at Datadog
In other Datadog news, Director Matthew Jacobson acquired 296,965 shares of the company in a transaction that took place on Wednesday, November 9. The shares were purchased at an average cost of $67.35 per share, for a total transaction of $20,000,592.75. Following the completion of the acquisition, the director now owns 605,766 shares of the company, valued at approximately $40,798,340.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Datadog news, Director Matthew Jacobson acquired 296,965 shares of the company in a transaction that took place on Wednesday, November 9. The shares were purchased at an average cost of $67.35 per share, for a total transaction of $20,000,592.75. Following the completion of the acquisition, the director now owns 605,766 shares of the company, valued at approximately $40,798,340.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, CRO Sean Michael Walters sold 2,873 shares of the company in a trade that took place on Friday, December 2. The shares were sold at an average price of $74.63, for a total value of $214,411.99. Following completion of the transaction, the executive now owns 149,252 shares of the company, valued at $11,138,676.76. The disclosure of this sale can be found here. In the past ninety days, insiders have bought 1,150,006 shares of the company worth $79,339,605 and sold 269,888 shares worth $19,904,866. Insiders hold 15.80% of the shares of the company.
Datadog Institutional Trading
A number of institutional investors and hedge funds have recently increased or reduced their stake in the company. Vanguard Group Inc. increased its position in Datadog by 2.8% in the third quarter. Vanguard Group Inc. now owns 24,146,835 shares of the company valued at $2,143,756,000 after purchasing an additional 654,436 shares during the period. Tiger Global Management LLC increased its position in Datadog shares by 218.3% during the third quarter. Tiger Global Management LLC now owns 5,775,031 shares of the company worth $512,707,000 after acquiring an additional 3,960,748 shares during the period. Public Investment Fund acquired a new stake in shares of Datadog in the second quarter worth $428,470,000. Dragoneer Investment Group LLC increased its stake in Datadog shares by 29.6% in the third quarter. Dragoneer Investment Group LLC now owns 4,018,070 shares of the company valued at $356,724,000 after acquiring an additional 917,680 shares last quarter. Finally, Durable Capital Partners LP increased its stake in Datadog shares by 3.9% in the third quarter. Durable Capital Partners LP now owns 3,267,227 shares of the company valued at $290,064,000 after acquiring an additional 122,708 shares last quarter. Hedge funds and other institutional investors own 70.93% of the company’s shares.
Datadog Company Profile
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Datadog, Inc provides a monitoring and analytics platform for developers, IT operations teams, and cloud business users 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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