Datadog (NASDAQ:DDOG) Lowered to Peer Perform Rating by Wolfe Research

Wolfe Research lowered shares of Datadog (NASDAQ:DDOG) from an outperform rating to a peer perform rating in a research note issued to investors on Tuesday, MarketBeat reports.

A number of other research firms also recently issued reports on DDOG. Rosenblatt Securities raised their price target on shares of Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Thursday, November 7th. Jefferies Financial Group lifted their price objective on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Mizuho boosted their price target on shares of Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Guggenheim restated a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $158.39.

Datadog Price Performance

DDOG stock opened at $130.63 on Tuesday. The firm has a market capitalization of $44.38 billion, a PE ratio of 246.48, a P/E/G ratio of 16.83 and a beta of 1.15. The company’s 50 day simple moving average is $144.49 and its 200-day simple moving average is $131.36. Datadog has a 12 month low of $98.80 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data 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 return on equity of 9.41% and a net margin of 7.58%. As a group, sell-side analysts anticipate that Datadog will post 0.53 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Amit Agarwal sold 25,000 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $139.47, for a total value of $3,486,750.00. Following the completion of the transaction, the director now owns 195,667 shares of the company’s stock, valued at $27,289,676.49. The trade was a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Kerry Acocella sold 2,488 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the transaction, the general counsel now directly owns 68,758 shares of the company’s stock, valued at approximately $10,866,514.32. The trade was a 3.49 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 556,674 shares of company stock worth $82,904,025. Insiders own 11.78% of the company’s stock.

Hedge Funds Weigh In On Datadog

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP raised its position in Datadog by 7.7% in the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock valued at $146,000 after buying an additional 75 shares during the last quarter. Spire Wealth Management grew its stake in shares of Datadog by 21.4% during the 4th quarter. Spire Wealth Management now owns 453 shares of the company’s stock worth $65,000 after acquiring an additional 80 shares during the period. Avior Wealth Management LLC boosted its stake in Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after purchasing an additional 81 shares during the period. Pathstone Holdings LLC boosted its stake in Datadog by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after purchasing an additional 91 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Datadog by 5.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company’s stock worth $265,000 after purchasing an additional 92 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.