Datadog (NASDAQ:DDOG) Reaches New 12-Month Low on Analyst Downgrade

Datadog, Inc. (NASDAQ:DDOG - Get Free Report)'s stock price hit a new 52-week low during trading on Monday after Jefferies Financial Group lowered their price target on the stock from $170.00 to $150.00. Jefferies Financial Group currently has a buy rating on the stock. Datadog traded as low as $96.63 and last traded at $98.17, with a volume of 441769 shares. The stock had previously closed at $101.10.

Other analysts have also recently issued reports about the company. Rosenblatt Securities lifted their price objective on Datadog from $148.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Barclays decreased their price objective on Datadog from $187.00 to $180.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Guggenheim restated a "neutral" rating on shares of Datadog in a research report on Wednesday, January 22nd. Truist Financial lowered their target price on Datadog from $140.00 to $120.00 and set a "hold" rating for the company in a research report on Monday. Finally, Macquarie reiterated an "outperform" rating and set a $200.00 price objective on shares of Datadog in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Datadog has a consensus rating of "Moderate Buy" and a consensus price target of $157.22.

Insider Activity

In related news, Director Shardul Shah sold 7,916 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total transaction of $1,125,021.92. Following the completion of the sale, the director now directly owns 427,785 shares of the company's stock, valued at approximately $60,796,804.20. This trade represents a 1.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Sean Michael Walters sold 8,454 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total transaction of $862,646.16. Following the sale, the executive now directly owns 185,871 shares in the company, valued at approximately $18,966,276.84. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 601,412 shares of company stock worth $75,444,584 over the last ninety days. Corporate insiders own 11.78% of the company's stock.

Remove Ads

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Retirement Wealth Solutions LLC acquired a new position in Datadog in the fourth quarter valued at approximately $30,000. Putney Financial Group LLC purchased a new position in shares of Datadog in the 4th quarter valued at $32,000. Avior Wealth Management LLC raised its stake in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after acquiring an additional 81 shares in the last quarter. Elequin Capital LP purchased a new stake in Datadog in the fourth quarter valued at $34,000. Finally, Coppell Advisory Solutions LLC boosted its stake in Datadog by 178.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock valued at $40,000 after acquiring an additional 177 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Stock Down 6.6 %

The company has a market cap of $30.24 billion, a PE ratio of 172.58, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20. The firm has a fifty day simple moving average of $120.58 and a 200-day simple moving average of $130.37.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. Equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Datadog Company Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.