Jefferies Financial Group Has Lowered Expectations for Datadog (NASDAQ:DDOG) Stock Price

Datadog (NASDAQ:DDOG) had its target price cut by investment analysts at Jefferies Financial Group from $170.00 to $150.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 53.58% from the stock’s previous close.

A number of other research firms also recently weighed in on DDOG. Wells Fargo & Company downgraded Datadog from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $152.00 to $140.00 in a research report on Thursday, February 13th. Wolfe Research lowered shares of Datadog from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Barclays lowered their price target on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. Guggenheim restated a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities lifted their target price on shares of Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.22.

Datadog Stock Down 3.4 %

Shares of NASDAQ DDOG opened at $97.67 on Monday. The stock’s 50-day simple moving average is $123.79 and its two-hundred day simple moving average is $130.95. Datadog has a twelve month low of $97.92 and a twelve month high of $170.08. The firm has a market capitalization of $33.48 billion, a P/E ratio of 192.64, a P/E/G ratio of 44.03 and a beta of 1.22.

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

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total value of $12,983,775.75. Following the completion of the sale, the chief technology officer now owns 371,865 shares in the company, valued at approximately $37,986,009.75. This trade represents a 25.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 11,195 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at $53,103,862.98. This trade represents a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 601,412 shares of company stock valued at $75,444,584 in the last three months. Corporate insiders own 11.78% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Allworth Financial LP boosted its holdings in Datadog by 7.7% during the 4th 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 increased its holdings in Datadog by 21.4% during the 4th quarter. Spire Wealth Management now owns 453 shares of the company’s stock worth $65,000 after purchasing an additional 80 shares during the period. Avior Wealth Management LLC raised its position in shares of 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 acquiring an additional 81 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Datadog by 5.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company’s stock worth $265,000 after acquiring an additional 92 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Datadog by 16.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 663 shares of the company’s stock valued at $95,000 after acquiring an additional 94 shares during 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.