Datadog (NASDAQ:DDOG) Stock Rating Lowered by Monness Crespi & Hardt

Datadog (NASDAQ:DDOGGet Rating) was downgraded by equities researchers at Monness Crespi & Hardt from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports.

DDOG has been the subject of several other research reports. Truist Financial lowered their target price on shares of Datadog from $200.00 to $170.00 in a research note on Friday, May 6th. Jefferies Financial Group reduced their price target on shares of Datadog from $170.00 to $125.00 in a report on Monday, May 23rd. Canaccord Genuity Group started coverage on shares of Datadog in a report on Thursday, July 7th. They set a “hold” rating and a $120.00 price target for the company. Royal Bank of Canada reduced their price target on shares of Datadog from $225.00 to $167.00 in a report on Monday, May 2nd. Finally, Citigroup reduced their price target on shares of Datadog from $220.00 to $195.00 in a report on Friday, May 6th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $154.20.

Datadog Stock Up 2.5 %

DDOG stock opened at $113.29 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.33 and a quick ratio of 3.33. Datadog has a 1-year low of $81.12 and a 1-year high of $199.68. The firm has a fifty day moving average price of $98.82 and a two-hundred day moving average price of $121.67. The firm has a market cap of $35.69 billion, a price-to-earnings ratio of 11,340.34 and a beta of 1.15.

Datadog (NASDAQ:DDOGGet Rating) last released its earnings results on Thursday, August 4th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.10. Datadog had a net margin of 0.48% and a return on equity of 2.34%. The firm had revenue of $406.14 million during the quarter, compared to analyst estimates of $381.28 million. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. The firm’s revenue for the quarter was up 73.9% compared to the same quarter last year. Research analysts predict that Datadog will post -0.14 EPS for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, COO Adam Blitzer sold 25,416 shares of the company’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $102.22, for a total value of $2,598,023.52. Following the completion of the sale, the chief operating officer now directly owns 216,510 shares of the company’s stock, valued at approximately $22,131,652.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Datadog news, COO Adam Blitzer sold 25,416 shares of the company’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $102.22, for a total value of $2,598,023.52. Following the completion of the sale, the chief operating officer now directly owns 216,510 shares of the company’s stock, valued at approximately $22,131,652.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Madre Armelle De sold 1,875 shares of the company’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $90.00, for a total transaction of $168,750.00. Following the completion of the sale, the insider now directly owns 70,237 shares of the company’s stock, valued at $6,321,330. The disclosure for this sale can be found here. In the last three months, insiders sold 148,650 shares of company stock valued at $15,336,520. 15.80% of the stock is owned by insiders.

Institutional Trading of Datadog

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB raised its holdings in Datadog by 1.9% during the 1st quarter. Nordea Investment Management AB now owns 108,819 shares of the company’s stock worth $16,514,000 after buying an additional 2,029 shares during the period. FNY Investment Advisers LLC acquired a new stake in Datadog during the 1st quarter worth about $57,000. KRS Capital Management LLC acquired a new stake in Datadog during the 4th quarter worth about $52,000. North Star Asset Management Inc. raised its holdings in Datadog by 1.2% during the 4th quarter. North Star Asset Management Inc. now owns 48,676 shares of the company’s stock worth $8,669,000 after buying an additional 568 shares during the period. Finally, Elk River Wealth Management LLC acquired a new position in shares of Datadog in the 1st quarter valued at about $428,000. Institutional investors and hedge funds own 65.17% of the company’s stock.

About Datadog

(Get Rating)

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.

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Analyst Recommendations for Datadog (NASDAQ:DDOG)

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