Datadog (NASDAQ:DDOG) Given New $150.00 Price Target at Jefferies Financial Group

Datadog (NASDAQ:DDOG) had its price target reduced by Jefferies Financial Group from $170.00 to $150.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also recently weighed in on DDOG. DA Davidson upped their price target on Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 target price on shares of Datadog in a research note on Tuesday, March 4th. Loop Capital lifted their target price on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Finally, Wells Fargo & Company lowered shares of Datadog from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $152.00 to $140.00 in a report on Thursday, February 13th. One investment 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.22.

Datadog Stock Performance

Datadog stock opened at $99.21 on Monday. Datadog has a 52-week low of $96.63 and a 52-week high of $170.08. The stock has a market capitalization of $34.01 billion, a price-to-earnings ratio of 194.53, a PEG ratio of 44.03 and a beta of 1.22. The stock’s 50 day moving average price is $123.01 and its two-hundred day moving average price is $130.88.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. On average, equities research analysts forecast that Datadog will post 0.34 EPS for the current year.

Insiders Place Their Bets

In other Datadog news, CRO Sean Michael Walters sold 8,454 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total transaction of $862,646.16. Following the completion of the transaction, the executive now owns 185,871 shares in the company, valued at $18,966,276.84. The trade was a 4.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Olivier Pomel sold 11,195 shares of the business’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the transaction, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $53,103,862.98. The trade was a 2.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 601,412 shares of company stock valued at $75,444,584 over the last 90 days. 11.78% of the stock is owned by company insiders.

Institutional Investors Weigh In On Datadog

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Townsquare Capital LLC increased its position in Datadog by 50.5% in the 3rd quarter. Townsquare Capital LLC now owns 2,871 shares of the company’s stock valued at $330,000 after acquiring an additional 963 shares during the period. CreativeOne Wealth LLC purchased a new position in Datadog in the 3rd quarter valued at $302,000. Rockefeller Capital Management L.P. increased its stake in Datadog by 3.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,172 shares of the company’s stock valued at $1,746,000 after buying an additional 511 shares during the period. Captrust Financial Advisors lifted its stake in shares of Datadog by 16.5% in the 3rd quarter. Captrust Financial Advisors now owns 9,513 shares of the company’s stock worth $1,095,000 after acquiring an additional 1,349 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of 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 acquiring an additional 106,245 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

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.