Datadog (NASDAQ:DDOG) Price Target Lowered to $150.00 at Jefferies Financial Group

Datadog (NASDAQ:DDOG - Free Report) had its price target cut by Jefferies Financial Group from $170.00 to $150.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the company. Macquarie restated an "outperform" rating and issued a $200.00 target price on shares of Datadog in a research note on Tuesday, February 11th. Rosenblatt Securities raised their price objective on Datadog from $148.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Stifel Nicolaus lowered Datadog from a "buy" rating to a "hold" rating and dropped their target price for the company from $165.00 to $140.00 in a research report on Wednesday, January 29th. Loop Capital increased their price target on shares of Datadog from $160.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Finally, Truist Financial decreased their price objective on shares of Datadog from $140.00 to $120.00 and set a "hold" rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Datadog presently has an average rating of "Moderate Buy" and a consensus price target of $157.22.

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Datadog Price Performance

Shares of DDOG stock traded down $6.09 during mid-day trading on Monday, hitting $88.38. 3,939,457 shares of the stock traded hands, compared to its average volume of 4,213,096. The stock's fifty day moving average is $120.58 and its two-hundred day moving average is $130.37. Datadog has a 52-week low of $86.65 and a 52-week high of $170.08. The stock has a market cap of $30.29 billion, a P/E ratio of 172.79, a P/E/G ratio of 44.03 and a beta of 1.20.

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

Insider Activity

In other news, Director Shardul Shah sold 7,916 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total value of $1,125,021.92. Following the transaction, the director now directly owns 427,785 shares in the company, valued at approximately $60,796,804.20. This represents a 1.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $141.12, for a total value of $3,528,000.00. Following the completion of the sale, the director now directly owns 195,667 shares of the company's stock, valued at $27,612,527.04. The trade was a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 601,412 shares of company stock valued at $75,444,584. 11.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Datadog

Several institutional investors have recently modified their holdings of DDOG. Townsquare Capital LLC increased its holdings in Datadog by 50.5% during the 3rd quarter. Townsquare Capital LLC now owns 2,871 shares of the company's stock worth $330,000 after purchasing an additional 963 shares during the period. CreativeOne Wealth LLC acquired a new stake in Datadog in the third quarter valued at $302,000. Rockefeller Capital Management L.P. raised its position in shares of Datadog by 3.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,172 shares of the company's stock worth $1,746,000 after acquiring an additional 511 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Datadog by 16.5% in the third quarter. Captrust Financial Advisors now owns 9,513 shares of the company's stock valued at $1,095,000 after purchasing an additional 1,349 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Datadog by 99.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 212,606 shares of the company's stock valued at $24,462,000 after purchasing an additional 106,245 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

About Datadog

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.