Datadog (NASDAQ:DDOG) Cut to Peer Perform at Wolfe Research

Wolfe Research downgraded shares of Datadog (NASDAQ:DDOG) from an outperform rating to a peer perform rating in a research report released on Tuesday, Marketbeat.com reports.

Several other research firms have also commented on DDOG. BMO Capital Markets raised their price objective on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Wells Fargo & Company downgraded shares of Datadog from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $152.00 to $140.00 in a research note on Thursday, February 13th. Royal Bank of Canada lifted their price target on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Jefferies Financial Group lifted their price target on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Barclays decreased their price target on shares of Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $158.39.

Datadog Trading Down 1.9 %

Datadog stock opened at $126.38 on Tuesday. Datadog has a 12-month low of $98.80 and a 12-month high of $170.08. The stock has a market cap of $42.93 billion, a P/E ratio of 247.81, a PEG ratio of 28.09 and a beta of 1.15. The company has a 50-day moving average price of $142.85 and a 200 day moving average price of $131.47.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data 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, analysts forecast that Datadog will post 0.56 EPS for the current year.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the completion of the sale, the chief technology officer now directly owns 324,778 shares in the company, valued at approximately $45,861,901.38. This trade represents a 28.13 % 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 178,723 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the sale, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $61,236,887.04. This trade represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 556,674 shares of company stock worth $82,904,025 over the last quarter. 11.78% of the stock is currently owned by insiders.

Institutional Trading of Datadog

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. True Wealth Design LLC lifted its holdings in Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in Datadog during the fourth quarter valued at approximately $30,000. Avior Wealth Management LLC boosted its holdings in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the period. Finally, Quarry LP bought a new stake in shares of Datadog in the third quarter worth $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Company Profile

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.