Datadog (NASDAQ:DDOG) Given New $150.00 Price Target at Cantor Fitzgerald

Datadog (NASDAQ:DDOG) had its price objective trimmed by Cantor Fitzgerald from $220.00 to $150.00 in a report published on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research firms also recently commented on DDOG. Stifel Nicolaus set a $160.00 price objective on shares of Datadog and gave the company a “buy” rating in a report on Thursday, January 22nd. DA Davidson restated a “buy” rating and set a $225.00 price target on shares of Datadog in a report on Monday, February 2nd. UBS Group lifted their price objective on shares of Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. KeyCorp decreased their target price on shares of Datadog from $170.00 to $155.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Wolfe Research dropped their price target on Datadog from $240.00 to $185.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Thirty-five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $187.18.

Datadog Price Performance

Shares of Datadog stock opened at $111.69 on Friday. The stock’s 50-day simple moving average is $135.28 and its 200-day simple moving average is $144.43. 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 company has a market capitalization of $39.17 billion, a price-to-earnings ratio of 360.29, a PEG ratio of 19.07 and a beta of 1.27.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.10. The firm had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The company’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. As a group, analysts expect that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Activity at Datadog

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were 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 of the company’s stock, valued at $78,336,921.39. The trade was a 11.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Olivier Pomel sold 100,754 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $181.18, for a total value of $18,254,609.72. Following the sale, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. This represents a 15.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,028,945 shares of company stock valued at $184,544,256 over the last ninety days. 8.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Datadog

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in Datadog by 9.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,650 shares of the company’s stock valued at $360,000 after buying an additional 226 shares in the last quarter. Mizuho Markets Americas LLC purchased a new stake in shares of Datadog during the fourth quarter worth about $22,836,000. Evoke Wealth LLC increased its holdings in shares of Datadog by 4.1% during the fourth quarter. Evoke Wealth LLC now owns 2,802 shares of the company’s stock valued at $381,000 after acquiring an additional 111 shares in the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Datadog in the 4th quarter valued at approximately $170,000. Finally, Heritage Investors Management Corp raised its position in shares of Datadog by 4.7% in the 4th quarter. Heritage Investors Management Corp now owns 74,381 shares of the company’s stock valued at $10,115,000 after purchasing an additional 3,341 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

About Datadog

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.