Datadog (NASDAQ:DDOG) – Investment analysts at Jefferies Financial Group upped their FY2019 earnings estimates for shares of Datadog in a research note issued on Wednesday, November 13th. Jefferies Financial Group analyst B. Thill now anticipates that the company will post earnings of ($0.12) per share for the year, up from their prior estimate of ($0.35). Jefferies Financial Group currently has a “Hold” rating and a $36.00 target price on the stock. Jefferies Financial Group also issued estimates for Datadog’s Q4 2019 earnings at ($0.02) EPS, Q1 2020 earnings at ($0.02) EPS, Q2 2020 earnings at ($0.02) EPS, Q3 2020 earnings at ($0.02) EPS, Q4 2020 earnings at ($0.02) EPS and FY2020 earnings at ($0.07) EPS.
A number of other equities analysts have also recently issued reports on DDOG. Raymond James started coverage on Datadog in a report on Monday, October 14th. They issued a “market perform” rating for the company. Credit Suisse Group raised their price target on Datadog from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday. Morgan Stanley initiated coverage on Datadog in a report on Monday, October 14th. They set an “equal weight” rating and a $39.00 price target for the company. Stifel Nicolaus raised their price target on Datadog from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday. Finally, William Blair reaffirmed a “buy” rating on shares of Datadog in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Datadog currently has an average rating of “Hold” and an average target price of $41.67.
Shares of DDOG opened at $40.63 on Friday. Datadog has a 1 year low of $27.55 and a 1 year high of $42.96. The stock has a 50 day moving average of $33.80.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC bought a new position in shares of Datadog in the 3rd quarter worth $161,000. Price Wealth LLC bought a new position in shares of Datadog in the 3rd quarter worth $178,000. SG Americas Securities LLC bought a new position in shares of Datadog in the 3rd quarter worth $196,000. Massachusetts Financial Services Co. MA bought a new position in shares of Datadog in the 3rd quarter worth $383,000. Finally, Dean Capital Investments Management LLC bought a new position in shares of Datadog in the 3rd quarter worth $542,000. Hedge funds and other institutional investors own 14.24% of the company’s stock.
In other news, major shareholder Iconiq Strategic Partners Ii, acquired 525,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were purchased at an average cost of $27.00 per share, for a total transaction of $14,175,000.00. Also, insider Amit Agarwal acquired 25,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was purchased at an average price of $27.00 per share, for a total transaction of $675,000.00. Insiders have purchased a total of 571,280 shares of company stock valued at $15,271,460 over the last ninety days.
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. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.
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