Mizuho Cuts Datadog (NASDAQ:DDOG) Price Target to $175.00

Datadog (NASDAQ:DDOG – Get Rating) had its price target reduced by Mizuho from $225.00 to $175.00 in a research note published on Friday, The Fly reports.

A number of other research analysts have also recently weighed in on the stock. Truist Financial cut their price objective on shares of Datadog from $225.00 to $200.00 and set a buy rating for the company in a report on Thursday, March 24th. Morgan Stanley boosted their target price on shares of Datadog from $200.00 to $210.00 and gave the stock an overweight rating in a research note on Friday, February 11th. Citigroup cut their target price on shares of Datadog from $220.00 to $195.00 in a research note on Friday. Jefferies Financial Group boosted their target price on shares of Datadog from $200.00 to $220.00 and gave the stock a buy rating in a research note on Friday, February 11th. Finally, The Goldman Sachs Group cut their target price on shares of Datadog from $250.00 to $223.00 and set a buy rating for the company in a research note on Thursday, April 14th. Five research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Datadog currently has a consensus rating of Buy and a consensus target price of $174.38.

DDOG opened at $97.53 on Friday. Datadog has a fifty-two week low of $73.04 and a fifty-two week high of $199.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 3.54 and a current ratio of 3.54. The company has a fifty day moving average of $134.79 and a two-hundred day moving average of $153.61. The stock has a market capitalization of $30.62 billion, a price-to-earnings ratio of -9,753,000.00 and a beta of 1.25.

Datadog (NASDAQ:DDOG – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.13. Datadog had a net margin of 0.17% and a return on equity of 1.59%. The company had revenue of $363.03 million during the quarter, compared to analysts’ expectations of $337.81 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. The firm’s revenue for the quarter was up 82.8% on a year-over-year basis. On average, equities research analysts forecast that Datadog will post -0.24 earnings per share for the current year.

In other news, CFO David M. Obstler sold 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $171.53, for a total value of $643,237.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Amit Agarwal sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, February 11th. The stock was sold at an average price of $173.24, for a total transaction of $433,100.00. The disclosure for this sale can be found here. Insiders sold a total of 248,374 shares of company stock worth $38,933,184 over the last quarter. 20.23% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of DDOG. UMB Bank N A MO acquired a new position in shares of Datadog in the 4th quarter worth approximately $25,000. Retirement Planning Co of New England Inc. purchased a new stake in Datadog during the 4th quarter worth approximately $27,000. Optimum Investment Advisors purchased a new stake in Datadog during the 4th quarter worth approximately $27,000. Riverview Trust Co purchased a new stake in Datadog during the 1st quarter worth approximately $27,000. Finally, SJS Investment Consulting Inc. purchased a new stake in Datadog during the 1st quarter worth approximately $27,000. Hedge funds and other institutional investors own 65.17% of the company’s stock.

Datadog Company Profile (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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