Jefferies Financial Group Cuts Datadog (NASDAQ:DDOG) Price Target to $160.00

Datadog (NASDAQ:DDOG) had its price target trimmed by Jefferies Financial Group from $180.00 to $160.00 in a report released on Friday,MarketScreener reports. The brokerage currently has a buy rating on the stock.

DDOG has been the topic of several other reports. Macquarie Infrastructure upped their price target on Datadog from $175.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Raymond James Financial boosted their target price on shares of Datadog from $170.00 to $205.00 in a research report on Thursday, November 6th. Mizuho decreased their price target on Datadog from $200.00 to $170.00 and set an “outperform” rating for the company in a research note on Wednesday, January 21st. The Goldman Sachs Group initiated coverage on Datadog in a report on Monday, January 12th. They set a “sell” rating and a $113.00 price target on the stock. Finally, Canaccord Genuity Group reduced their price objective on shares of Datadog from $225.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Thirty-six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $186.38.

Datadog Trading Up 4.6%

NASDAQ:DDOG opened at $111.69 on Friday. Datadog has a one year low of $81.63 and a one year high of $201.69. The stock has a market cap of $39.17 billion, a price-to-earnings ratio of 360.29, a price-to-earnings-growth ratio of 19.95 and a beta of 1.27. The business’s 50-day simple moving average is $135.28 and its 200 day simple moving average is $144.43. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.10. The company had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm’s revenue was up 28.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 earnings per share. As a group, sell-side analysts predict that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Datadog news, CRO Sean Michael Walters sold 10,530 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total transaction of $1,670,058.00. Following the transaction, the executive owned 181,492 shares of the company’s stock, valued at approximately $28,784,631.20. This represents a 5.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 32,418 shares of the firm’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $140.99, for a total transaction of $4,570,613.82. Following the completion of the transaction, the chief technology officer directly owned 301,458 shares in the company, valued at $42,502,563.42. This trade represents a 9.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 624,639 shares of company stock valued at $103,844,778 in the last 90 days. 8.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Datadog

A number of large investors have recently added to or reduced their stakes in DDOG. Callan Family Office LLC increased its stake in shares of Datadog by 145.6% during the 2nd quarter. Callan Family Office LLC now owns 22,680 shares of the company’s stock worth $3,047,000 after purchasing an additional 13,445 shares during the last quarter. PKO Investment Management Joint Stock Co acquired a new stake in Datadog during the 3rd quarter valued at $1,709,000. Munro Partners acquired a new position in shares of Datadog in the third quarter valued at $7,120,000. Hartford Investment Management Co. acquired a new stake in shares of Datadog during the 3rd quarter worth about $2,689,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Datadog by 37.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 109,233 shares of the company’s stock valued at $15,555,000 after acquiring an additional 30,008 shares during the period. Institutional investors own 78.29% of the company’s stock.

Datadog Company Profile

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.