Datadog, Inc. (NASDAQ:DDOG – Get Rating) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 14,160,000 shares, a drop of 5.4% from the December 31st total of 14,970,000 shares. Based on an average daily volume of 4,590,000 shares, the short-interest ratio is presently 3.1 days.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Needham & Company LLC lowered their target price on shares of Datadog from $135.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, November 3rd. KeyCorp boosted their target price on shares of Datadog from $91.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, November 4th. Wedbush assumed coverage on shares of Datadog in a report on Wednesday, December 14th. They issued an “outperform” rating and a $101.00 target price for the company. Macquarie assumed coverage on shares of Datadog in a research report on Wednesday, November 2nd. They set a “neutral” rating and a $85.00 price target on the stock. Finally, Oppenheimer raised shares of Datadog from a “market perform” rating to an “outperform” rating and set a $105.00 price target on the stock in a research report on Wednesday, December 14th. Six equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $114.32.
Datadog Price Performance
Shares of NASDAQ DDOG opened at $73.84 on Tuesday. Datadog has a twelve month low of $61.34 and a twelve month high of $184.70. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $23.45 billion, a price-to-earnings ratio of -1,476.80 and a beta of 1.02. The firm has a 50-day moving average of $72.75 and a two-hundred day moving average of $85.83.
Datadog (NASDAQ:DDOG – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Datadog had a negative net margin of 0.91% and a positive return on equity of 0.60%. The company had revenue of $436.53 million during the quarter, compared to the consensus estimate of $412.15 million. As a group, analysts expect that Datadog will post -0.1 earnings per share for the current fiscal year.
Insider Activity at Datadog
In other Datadog news, CRO Sean Michael Walters sold 2,873 shares of Datadog stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $74.63, for a total transaction of $214,411.99. Following the completion of the transaction, the executive now owns 149,252 shares in the company, valued at $11,138,676.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Matthew Jacobson purchased 710,429 shares of the stock in a transaction dated Monday, November 7th. The stock was acquired at an average cost of $69.45 per share, for a total transaction of $49,339,294.05. Following the completion of the acquisition, the director now directly owns 423,218 shares in the company, valued at approximately $29,392,490.10. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Sean Michael Walters sold 2,873 shares of Datadog stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $74.63, for a total transaction of $214,411.99. Following the sale, the executive now owns 149,252 shares of the company’s stock, valued at $11,138,676.76. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 1,150,006 shares of company stock worth $79,339,605 and sold 355,525 shares worth $26,240,291. Company insiders own 15.80% of the company’s stock.
Institutional Trading of Datadog
A number of hedge funds have recently bought and sold shares of the company. Cigna Investments Inc. New lifted its stake in Datadog by 4.9% during the third quarter. Cigna Investments Inc. New now owns 2,898 shares of the company’s stock valued at $258,000 after buying an additional 135 shares in the last quarter. Albert D Mason Inc. increased its holdings in shares of Datadog by 5.1% in the 3rd quarter. Albert D Mason Inc. now owns 3,262 shares of the company’s stock valued at $290,000 after purchasing an additional 157 shares during the period. E Fund Management Co. Ltd. increased its holdings in shares of Datadog by 6.0% in the 3rd quarter. E Fund Management Co. Ltd. now owns 2,866 shares of the company’s stock valued at $254,000 after purchasing an additional 163 shares during the period. UMB Bank n.a. increased its holdings in Datadog by 26.3% in the third quarter. UMB Bank n.a. now owns 792 shares of the company’s stock worth $70,000 after buying an additional 165 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in Datadog by 3.1% in the first quarter. Ameritas Investment Partners Inc. now owns 5,791 shares of the company’s stock worth $877,000 after buying an additional 172 shares during the last quarter. 70.93% of the stock is owned by hedge funds and other institutional investors.
Datadog Company Profile
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.