Datadog (NASDAQ:DDOG) Price Target Lowered to $140.00 at Truist Financial

Datadog (NASDAQ:DDOG) had its price objective reduced by Truist Financial from $150.00 to $140.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a hold rating on the stock.

DDOG has been the subject of a number of other research reports. Citigroup boosted their price objective on shares of Datadog from $157.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 17th. Macquarie reaffirmed an “outperform” rating and set a $200.00 price target on shares of Datadog in a report on Tuesday. Jefferies Financial Group upped their price target on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price target on shares of Datadog in a report on Friday. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a report on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $158.39.

Datadog Stock Down 3.6 %

NASDAQ DDOG opened at $131.01 on Friday. The company has a market capitalization of $44.51 billion, a P/E ratio of 247.19, a P/E/G ratio of 16.83 and a beta of 1.15. Datadog has a 12-month low of $98.80 and a 12-month high of $170.08. The firm has a 50-day moving average price of $145.85 and a two-hundred day moving average price of $130.93.

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 net margin of 7.58% and a return on equity of 9.41%. Equities analysts expect that Datadog will post 0.53 EPS for the current year.

Insider Buying and Selling at Datadog

In other news, CFO David M. Obstler sold 33,334 shares of the stock in a transaction on Wednesday, November 20th. The shares were 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 directly owns 314,158 shares in the company, valued at $42,709,780.10. This represents a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Sean Michael Walters sold 4,244 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $135.00, for a total transaction of $572,940.00. Following the sale, the executive now owns 179,367 shares of the company’s stock, valued at approximately $24,214,545. This trade represents a 2.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 627,586 shares of company stock worth $92,540,479. 11.78% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Datadog

Several large investors have recently modified their holdings of DDOG. Retirement Wealth Solutions LLC bought a new position in Datadog during the fourth quarter worth $30,000. Avior Wealth Management LLC boosted its stake in Datadog by 55.9% during 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. True Wealth Design LLC boosted its stake in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 240 shares in the last quarter. Coppell Advisory Solutions LLC boosted its stake in Datadog by 178.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company’s stock worth $40,000 after acquiring an additional 177 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.