Datadog (NASDAQ:DDOG) Trading Down 3.9%

Datadog, Inc. (NASDAQ:DDOG)’s share price dropped 3.9% during trading on Monday . The stock traded as low as $139.93 and last traded at $141.62. Approximately 66,209 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 3,134,827 shares. The stock had previously closed at $147.32.

DDOG has been the subject of a number of recent research reports. Barclays raised their price target on shares of Datadog from $156.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, September 17th. They noted that the move was a valuation call. Citigroup lifted their target price on shares of Datadog from $138.00 to $188.00 and gave the stock a “buy” rating in a research note on Friday, August 6th. Morgan Stanley lifted their target price on shares of Datadog from $120.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, August 6th. Needham & Company LLC lifted their price target on Datadog from $150.00 to $173.00 and gave the stock a “buy” rating in a report on Thursday, August 5th. Finally, JMP Securities restated a “hold” rating on shares of Datadog in a report on Friday, August 20th. Nine analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Datadog has an average rating of “Buy” and a consensus price target of $131.38.

The stock has a market capitalization of $43.72 billion, a P/E ratio of -845.01 and a beta of 1.03. The company has a debt-to-equity ratio of 0.80, a quick ratio of 4.31 and a current ratio of 4.31. The stock has a 50-day simple moving average of $129.83 and a 200 day simple moving average of $104.79.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, August 5th. The company reported ($0.02) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.02). The firm had revenue of $233.50 million for the quarter, compared to analyst estimates of $212.44 million. Datadog had a negative return on equity of 3.14% and a negative net margin of 7.03%. The business’s quarterly revenue was up 66.8% compared to the same quarter last year. During the same period last year, the company earned $0.05 EPS. Equities analysts predict that Datadog, Inc. will post -0.11 earnings per share for the current year.

In other Datadog news, insider Alexis Le-Quoc sold 1,600 shares of Datadog stock in a transaction dated Thursday, September 23rd. The stock was sold at an average price of $150.00, for a total value of $240,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Amit Agarwal sold 365,442 shares of the firm’s stock in a transaction dated Thursday, August 5th. The shares were sold at an average price of $132.15, for a total value of $48,293,160.30. Following the completion of the transaction, the insider now owns 538,739 shares of the company’s stock, valued at approximately $71,194,358.85. The disclosure for this sale can be found here. In the last three months, insiders sold 1,850,958 shares of company stock worth $244,459,835. 20.23% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of DDOG. Tortoise Investment Management LLC bought a new stake in Datadog in the 2nd quarter worth about $31,000. Credit Agricole S A bought a new position in Datadog in the 1st quarter worth approximately $32,000. Eaton Vance Management purchased a new stake in Datadog in the 1st quarter worth approximately $36,000. Tsfg LLC purchased a new stake in Datadog in the 2nd quarter worth approximately $63,000. Finally, Captrust Financial Advisors raised its position in shares of Datadog by 106.3% during the 1st quarter. Captrust Financial Advisors now owns 825 shares of the company’s stock valued at $69,000 after buying an additional 425 shares in the last quarter. 58.28% of the stock is currently owned by institutional investors and hedge funds.

About Datadog (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. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of customers technology stack.

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