Evercore ISI Cuts Datadog (NASDAQ:DDOG) Price Target to $175.00

Datadog (NASDAQ:DDOGFree Report) had its target price lowered by Evercore ISI from $215.00 to $175.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also issued reports about the stock. Scotiabank decreased their price target on shares of Datadog from $217.00 to $180.00 and set a “sector outperform” rating for the company in a research note on Tuesday, January 27th. TD Cowen restated a “buy” rating on shares of Datadog in a report on Wednesday, January 21st. The Goldman Sachs Group started coverage on shares of Datadog in a research note on Monday, January 12th. They set a “sell” rating and a $113.00 target price for the company. BTIG Research boosted their price target on Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Truist Financial cut their price target on Datadog from $195.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, January 7th. Thirty-five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Datadog has an average rating of “Moderate Buy” and an average price target of $188.97.

View Our Latest Stock Report on DDOG

Datadog Trading Down 3.3%

DDOG opened at $115.71 on Monday. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog has a 52 week low of $81.63 and a 52 week high of $201.69. The stock has a market cap of $40.58 billion, a PE ratio of 373.26, a PEG ratio of 21.38 and a beta of 1.27. The business has a 50 day moving average of $137.28 and a 200-day moving average of $144.93.

Datadog (NASDAQ:DDOGGet Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The business had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. Equities research analysts predict that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $197.99, for a total value of $10,674,036.88. Following the completion of the transaction, the chief technology officer owned 395,661 shares in the company, valued at $78,336,921.39. The trade was a 11.99% 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, Director Matthew Jacobson sold 404,306 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $199.60, for a total value of $80,699,477.60. Following the transaction, the director directly owned 12,859 shares in the company, valued at approximately $2,566,656.40. The trade was a 96.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,028,945 shares of company stock worth $184,544,256 in the last three months. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Datadog

Hedge funds have recently bought and sold shares of the business. Brighton Jones LLC bought a new stake in shares of Datadog in the fourth quarter worth approximately $209,000. Bison Wealth LLC bought a new position in Datadog during the fourth quarter valued at approximately $228,000. Empowered Funds LLC boosted its holdings in Datadog by 7.0% in the first quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock worth $1,023,000 after purchasing an additional 672 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Datadog by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock worth $76,000 after purchasing an additional 115 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in Datadog during the 2nd quarter valued at $509,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Key Stories Impacting Datadog

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About Datadog

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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.

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