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Financial institution of America Begins Protection on Datadog (NASDAQ:DDOG)

ByEditorialTeam

Sep 2, 2022

Inventory analysts at Financial institution of America assumed protection on shares of Datadog (NASDAQ:DDOGGet Ranking) in a analysis report issued on Thursday, The Fly experiences. The agency set a “purchase” score on the inventory.

A number of different analysts additionally not too long ago issued experiences on DDOG. Raymond James decreased their worth goal on shares of Datadog from $170.00 to $140.00 and set an “outperform” score for the corporate in a analysis report on Friday, August fifth. Canaccord Genuity Group assumed protection on shares of Datadog in a analysis report on Thursday, July seventh. They set a “maintain” score and a $120.00 goal worth for the corporate. Royal Financial institution of Canada raised their worth goal on shares of Datadog from $115.00 to $125.00 in a analysis report on Friday, August fifth. Barclays lowered their worth goal on Datadog from $150.00 to $130.00 and set an “obese” score for the corporate in a analysis notice on Friday, August fifth. Lastly, KeyCorp minimize their goal worth on Datadog from $132.00 to $127.00 and set an “obese” score on the inventory in a analysis report on Friday, August fifth. 5 equities analysis analysts have rated the inventory with a maintain score and sixteen have given a purchase score to the inventory. In keeping with MarketBeat.com, Datadog at present has a consensus score of “Average Purchase” and a consensus worth goal of $152.30.

Datadog Buying and selling Up 0.3 %

NASDAQ:DDOG opened at $104.95 on Thursday. Datadog has a 12 month low of $81.12 and a 12 month excessive of $199.68. The corporate has a present ratio of three.31, a fast ratio of three.31 and a debt-to-equity ratio of 0.61. The inventory has a market capitalization of $33.21 billion, a price-to-earnings ratio of 10,505.51 and a beta of 1.15. The agency has a fifty day easy shifting common of $103.73 and a two-hundred day easy shifting common of $117.51.

Datadog (NASDAQ:DDOGGet Ranking) final issued its earnings outcomes on Thursday, August 4th. The corporate reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. The enterprise had income of $406.14 million through the quarter, in comparison with analyst estimates of $381.28 million. Datadog had a return on fairness of two.24% and a internet margin of 0.48%. The agency’s income was up 73.9% in comparison with the identical quarter final 12 months. Throughout the identical interval within the earlier 12 months, the corporate posted ($0.02) EPS. Analysts count on that Datadog will put up -0.14 EPS for the present fiscal 12 months.

Insiders Place Their Bets

In different Datadog information, insider Amit Agarwal offered 2,500 shares of the corporate’s inventory in a transaction that occurred on Friday, June third. The inventory was offered at a median worth of $105.83, for a complete transaction of $264,575.00. Following the completion of the transaction, the insider now owns 184,833 shares of the corporate’s inventory, valued at roughly $19,560,876.39. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which is accessible at the SEC web site. In different Datadog information, CFO David M. Obstler offered 5,000 shares of the agency’s inventory in a transaction dated Thursday, August 18th. The shares had been offered at a median worth of $109.37, for a complete worth of $546,850.00. Following the completion of the sale, the chief monetary officer now immediately owns 209,810 shares within the firm, valued at $22,946,919.70. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which is accessible by means of this hyperlink. Additionally, insider Amit Agarwal offered 2,500 shares of Datadog inventory in a transaction that occurred on Friday, June third. The shares had been offered at a median worth of $105.83, for a complete worth of $264,575.00. Following the sale, the insider now immediately owns 184,833 shares within the firm, valued at $19,560,876.39. The disclosure for this sale may be discovered right here. Insiders have offered a complete of 96,947 shares of firm inventory valued at $10,460,414 within the final quarter. Insiders personal 15.80% of the corporate’s inventory.

Institutional Buyers Weigh In On Datadog

Hedge funds and different institutional buyers have not too long ago purchased and offered shares of the enterprise. ARK Funding Administration LLC elevated its holdings in shares of Datadog by 8.0% through the first quarter. ARK Funding Administration LLC now owns 1,187 shares of the corporate’s inventory valued at $180,000 after buying a further 88 shares within the final quarter. Winch Advisory Companies LLC elevated its stake in Datadog by 44.4% through the 1st quarter. Winch Advisory Companies LLC now owns 312 shares of the corporate’s inventory valued at $47,000 after buying a further 96 shares within the final quarter. We Are One Seven LLC raised its holdings in Datadog by 6.5% within the fourth quarter. We Are One Seven LLC now owns 1,633 shares of the corporate’s inventory value $291,000 after shopping for a further 99 shares over the past quarter. Simon Fast Advisors LLC grew its holdings in shares of Datadog by 122.0% through the first quarter. Simon Fast Advisors LLC now owns 222 shares of the corporate’s inventory valued at $34,000 after shopping for a further 122 shares over the past quarter. Lastly, ICICI Prudential Asset Administration Co Ltd grew its holdings in shares of Datadog by 19.7% through the first quarter. ICICI Prudential Asset Administration Co Ltd now owns 759 shares of the corporate’s inventory valued at $114,000 after shopping for a further 125 shares over the past quarter. Hedge funds and different institutional buyers personal 71.98% of the corporate’s inventory.

Datadog Firm Profile

(Get Ranking)

Datadog, Inc supplies monitoring and analytics platform for builders, data expertise operations groups, and enterprise customers within the cloud in North America and internationally. The corporate’s SaaS platform integrates and automates infrastructure monitoring, utility efficiency monitoring, log administration, and safety monitoring to offer real-time observability of its clients expertise stack.

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Analyst Recommendations for Datadog (NASDAQ:DDOG)

This on the spot information alert was generated by narrative science expertise and monetary information from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to [email protected]

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