Datadog (NASDAQ:DDOG) Given New $120.00 Price Target at UBS Group

Datadog (NASDAQ:DDOG) had its target price lowered by investment analysts at UBS Group from $164.00 to $120.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 29.50% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Citigroup dropped their price target on Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Jefferies Financial Group restated a “buy” rating and set a $135.00 price objective (down from $150.00) on shares of Datadog in a research report on Monday, April 7th. Guggenheim reissued a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. Loop Capital boosted their target price on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $143.00 price target on shares of Datadog in a research report on Thursday, January 16th. Seven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $153.41.

Datadog Stock Performance

DDOG traded up $0.78 on Tuesday, hitting $92.66. 776,856 shares of the company were exchanged, compared to its average volume of 4,316,116. The stock’s fifty day moving average is $111.02 and its 200-day moving average is $129.02. The company has a market cap of $31.76 billion, a PE ratio of 181.40, a PEG ratio of 44.03 and a beta of 1.20. Datadog has a 12 month low of $81.63 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. As a group, equities research analysts expect that Datadog will post 0.34 EPS for the current fiscal year.

Insider Transactions at Datadog

In other Datadog news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total value of $1,125,021.92. Following the completion of the sale, the director now directly owns 427,785 shares in the company, valued at approximately $60,796,804.20. The trade was a 1.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 11,195 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the sale, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at approximately $53,103,862.98. This trade represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 556,672 shares of company stock worth $63,344,272 over the last ninety days. 11.78% of the stock is owned by insiders.

Hedge Funds Weigh In On Datadog

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Orion Portfolio Solutions LLC increased its holdings in shares of Datadog by 11.6% during the third quarter. Orion Portfolio Solutions LLC now owns 6,974 shares of the company’s stock valued at $802,000 after acquiring an additional 726 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Datadog by 106.8% in the third quarter. Sanctuary Advisors LLC now owns 15,018 shares of the company’s stock valued at $1,728,000 after buying an additional 7,757 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Datadog during the third quarter worth about $625,000. Blankinship & Foster LLC acquired a new position in Datadog during the 3rd quarter valued at about $351,000. Finally, Tidal Investments LLC increased its holdings in Datadog by 27.6% during the 3rd quarter. Tidal Investments LLC now owns 28,295 shares of the company’s stock worth $3,256,000 after purchasing an additional 6,119 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

About Datadog

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.