Datadog (NASDAQ:DDOG) Given New $180.00 Price Target at Barclays

Datadog (NASDAQ:DDOG) had its price objective decreased by Barclays from $187.00 to $180.00 in a research note released on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other research analysts have also recently commented on the stock. Loop Capital boosted 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. Mizuho upped their price target on shares of Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Cantor Fitzgerald began coverage on shares of Datadog in a research note on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective on the stock. Guggenheim restated a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. Finally, UBS Group reiterated an “underperform” rating on shares of Datadog in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.39.

Datadog Price Performance

NASDAQ:DDOG opened at $131.01 on Friday. The firm has a market capitalization of $44.51 billion, a P/E ratio of 247.19, a PEG ratio of 16.83 and a beta of 1.15. Datadog has a 1-year low of $98.80 and a 1-year high of $170.08. The company’s fifty day moving average price is $145.85 and its 200-day moving average price is $130.93.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 7.58% and a return on equity of 9.41%. Equities analysts anticipate that Datadog will post 0.53 EPS for the current fiscal year.

Insider Transactions at Datadog

In related news, CFO David M. Obstler sold 33,334 shares of Datadog stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $135.95, for a total transaction of $4,531,757.30. Following the completion of the sale, the chief financial officer now owns 314,158 shares of the company’s stock, valued at approximately $42,709,780.10. This trade represents a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Kerry Acocella sold 2,488 shares of Datadog 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 completion of the transaction, the general counsel now owns 68,758 shares in the company, valued at approximately $10,866,514.32. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 627,586 shares of company stock valued at $92,540,479 over the last ninety days. 11.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Datadog

A number of hedge funds have recently added to or reduced their stakes in DDOG. Allworth Financial LP raised its holdings in Datadog by 7.7% during the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock valued at $146,000 after acquiring an additional 75 shares during the period. Spire Wealth Management grew its position in Datadog by 21.4% in the fourth quarter. Spire Wealth Management now owns 453 shares of the company’s stock worth $65,000 after acquiring an additional 80 shares in the last quarter. Avior Wealth Management LLC grew its position in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after acquiring an additional 81 shares in the last quarter. Pathstone Holdings LLC grew its position in Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after acquiring an additional 91 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Datadog by 5.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company’s stock valued at $265,000 after buying an additional 92 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

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.