Datadog (NASDAQ:DDOG) Price Target Lowered to $125.00 at Barclays

Datadog (NASDAQ:DDOG - Free Report) had its price target lowered by Barclays from $180.00 to $125.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other brokerages have also recently issued reports on DDOG. Wells Fargo & Company cut shares of Datadog from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $152.00 to $140.00 in a research report on Thursday, February 13th. Scotiabank dropped their price objective on shares of Datadog from $155.00 to $125.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 15th. Morgan Stanley reduced their target price on Datadog from $143.00 to $115.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Wolfe Research cut Datadog from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Finally, Guggenheim reissued a "neutral" rating on shares of Datadog in a research note on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $150.33.

Datadog Trading Up 1.7 %

NASDAQ DDOG traded up $1.68 on Monday, reaching $101.28. The company's stock had a trading volume of 1,787,681 shares, compared to its average volume of 4,347,312. Datadog has a 52 week low of $81.63 and a 52 week high of $170.08. The firm has a market cap of $34.72 billion, a PE ratio of 198.44, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20. The business has a 50-day moving average price of $103.32 and a 200 day moving average price of $127.47.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share 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%. Analysts anticipate that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Activity at Datadog

In related news, CRO Sean Michael Walters sold 8,454 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total value of $862,646.16. Following the completion of the sale, the executive now directly owns 185,871 shares in the company, valued at approximately $18,966,276.84. This trade represents a 4.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $142.78, for a total value of $18,148,051.90. Following the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $46,371,802.84. This trade represents a 28.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 523,756 shares of company stock valued at $58,732,500. 11.78% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Datadog by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 30,354,229 shares of the company's stock worth $4,337,316,000 after purchasing an additional 220,527 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of Datadog by 15.8% during the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company's stock worth $1,558,234,000 after buying an additional 1,484,562 shares during the period. Jennison Associates LLC boosted its holdings in shares of Datadog by 47.9% during the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company's stock worth $1,325,826,000 after buying an additional 3,005,300 shares during the period. Groupama Asset Managment grew its stake in Datadog by 407.6% in the 4th quarter. Groupama Asset Managment now owns 6,600,000 shares of the company's stock valued at $943,074,000 after buying an additional 5,299,688 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Datadog by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 5,684,612 shares of the company's stock valued at $811,076,000 after acquiring an additional 499,055 shares during the period. 78.29% of the stock is currently owned by institutional investors.

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.