Datadog (NASDAQ:DDOG)’s share price gapped down prior to trading on Friday . The stock had previously closed at $51.09, but opened at $48.50. Datadog shares last traded at $47.03, with a volume of 8,374,651 shares trading hands.
Several brokerages have issued reports on DDOG. Credit Suisse Group began coverage on shares of Datadog in a research note on Wednesday, November 6th. They issued a “neutral” rating and a $40.00 price target on the stock. They noted that the move was a valuation call. Rosenblatt Securities boosted their price target on shares of Datadog from $50.00 to $61.00 and gave the stock a “buy” rating in a research report on Friday. William Blair restated a “buy” rating on shares of Datadog in a research note on Wednesday, November 13th. Needham & Company LLC raised their price objective on Datadog from $48.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Oppenheimer initiated coverage on Datadog in a research report on Thursday, November 21st. They issued a “market perform” rating on the stock. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Datadog currently has a consensus rating of “Hold” and a consensus target price of $45.50.
The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.94 and a current ratio of 4.94. The company’s 50 day simple moving average is $42.01.
Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, February 13th. The company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.05. The firm had revenue of $113.64 million for the quarter, compared to analyst estimates of $102.22 million. Equities analysts anticipate that Datadog will post -0.2 EPS for the current fiscal year.
In other news, insider Alexis Le-Quoc sold 192,100 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $40.99, for a total transaction of $7,874,179.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael James Callahan sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $48.93, for a total transaction of $244,650.00. Following the completion of the sale, the director now directly owns 67,179 shares in the company, valued at $3,287,068.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 454,600 shares of company stock valued at $18,786,304.
Institutional investors have recently bought and sold shares of the stock. Segantii Capital Management Ltd acquired a new position in Datadog during the third quarter worth approximately $1,187,000. FNY Investment Advisers LLC bought a new position in shares of Datadog during the 3rd quarter worth approximately $161,000. Price Wealth LLC bought a new position in shares of Datadog during the 3rd quarter worth approximately $178,000. Index Venture Associates VI Ltd bought a new position in shares of Datadog during the 3rd quarter worth approximately $1,363,311,000. Finally, Pelham Capital Ltd. acquired a new position in shares of Datadog during the 3rd quarter worth approximately $2,543,000. Institutional investors and hedge funds own 33.13% of the company’s stock.
Datadog Company Profile (NASDAQ:DDOG)
Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.
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