Datadog (NASDAQ:DDOG) Downgraded by Monness Crespi & Hardt to “Neutral”

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.

Several other equities research analysts have also recently weighed in on DDOG. Canaccord Genuity Group assumed coverage on Datadog in a research report on Thursday, July 7th. They issued a “hold” rating and a $120.00 price objective for the company. Mizuho reduced their price objective on Datadog from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Rosenblatt Securities reduced their price objective on Datadog from $180.00 to $146.00 and set a “buy” rating for the company in a research report on Friday, July 29th. KeyCorp reduced their price objective on Datadog from $160.00 to $132.00 and set an “overweight” rating for the company in a research report on Friday, July 22nd. Finally, Canaccord Genuity Group started coverage on Datadog in a research report on Thursday, July 7th. They issued a “hold” rating and a $120.00 price objective for the company. 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.20.

Datadog Stock Up 2.5 %

Shares of Datadog stock opened at $113.29 on Thursday. The stock has a market capitalization of $35.69 billion, a P/E ratio of 11,340.34 and a beta of 1.15. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average price of $98.82 and a two-hundred day moving average price of $121.67. Datadog has a 12-month low of $81.12 and a 12-month high of $199.68.

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

Insiders Place Their Bets

In other Datadog news, insider Madre Armelle De sold 1,875 shares of the stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $90.00, for a total transaction of $168,750.00. Following the completion of the transaction, the insider now directly owns 70,237 shares in the company, valued at $6,321,330. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Datadog news, insider Madre Armelle De sold 1,875 shares of the stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $90.00, for a total transaction of $168,750.00. Following the completion of the transaction, the insider now directly owns 70,237 shares in the company, valued at $6,321,330. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shardul Shah sold 16,487 shares of the stock in a transaction on Monday, May 9th. The stock was sold at an average price of $99.49, for a total value of $1,640,291.63. Following the transaction, the director now owns 440,523 shares of the company’s stock, valued at $43,827,633.27. The disclosure for this sale can be found here. Insiders sold 148,650 shares of company stock worth $15,336,520 over the last three months. 15.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Datadog

A number of hedge funds and other institutional investors have recently made changes to their positions in DDOG. UMB Bank N A MO acquired a new stake in shares of Datadog in the fourth quarter valued at $25,000. Retirement Planning Co of New England Inc. acquired a new stake in shares of Datadog in the fourth quarter valued at $27,000. Optimum Investment Advisors acquired a new stake in shares of Datadog in the fourth quarter valued at $27,000. Riverview Trust Co acquired a new stake in shares of Datadog in the first quarter valued at $27,000. Finally, SJS Investment Consulting Inc. acquired a new stake in shares of Datadog in the first quarter valued at $27,000. 65.17% of the stock is currently owned by institutional investors and hedge funds.

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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