Datadog (NASDAQ:DDOG) Target Raised by Goldman Sachs Group Inc to $107.00

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Datadog stock has undergone multiple analysts rating changes in the recent past.  Datadog stock Target Raised by   Goldman Sachs Group Inc on 6/29/2020. In a note to investors, the firm issued a new target price of $107.00. The analysts previously had $65.00 target price. Goldman Sachs Group Inc’s price target would indicate a potential upside of 31.17% from the stock’s previous close.

Shares of Datadog traded down -$0.82 on Monday, reaching $83.68. 4484274 shares of the stock traded hands, compared to its average volume of 5321380. Shares of were trading at $83.68 on Monday. The firm’s 50 day moving average is $66.03 and its 200 day moving average is N/A.Datadog  has a 12 month low of $80.09 and a 12 month high of $93.00. While on yearly highs and lows, Datadog today has traded high as $85.24 and has touched $80.09 on the downward trend.

Datadog Earnings and What to expect: 

Datadog last released its earnings data on May 11th, 2020. The reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.09. The company had revenue of $131.30 million for the quarter, compared to analyst estimates of $117.73 million. Its quarterly revenue was up 87.4% compared to the same quarter last year. Datadog has generated ($0.15) earnings per share over the last year. Datadog has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, August 10th, 2020 based off prior year’s report dates.

Earnings for Datadog are expected to decrease in the coming year, from ($0.02) to ($0.11) per share. The P/E ratio of Datadog is -553.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Datadog is -553.87, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Datadog has a P/B Ratio of 31.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 26.06%
  • On 6/23/2020 Insider Amit Agarwal Sell 24,499 at average share price of $90.99 which equates to $2,229,164.01 in money value.
  • On 6/17/2020 CFO David M Obstler Sell 20,000 at average price of  $83.75 with total value of : Not Data Available
  • On 6/15/2020 General Counsel Laszlo Kopits Sell 11,100 at average price of  $81.67 with total value of : $906,537.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Datadog

  • 6/18/2020 – Datadog had its “buy” rating re-affirmed by analysts at William Blair. ()
  • 6/3/2020 – Datadog was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $79.00 price target on the stock. ()
  • 5/25/2020 – Datadog was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. ()
  • 5/22/2020 – Datadog was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $78.00 price target on the stock. ()
  • See More Analyst Rating at: RATING

Other rating updates by Goldman Sachs Group Inc: 

  • 6/29/2020 – Bill.com is now covered by analysts at Goldman Sachs Group Inc. They set a “buy” rating and a $34.00 price target on the stock. ()
  • 6/29/2020 – Zuora had its price target raised by analysts at Goldman Sachs Group Inc from $10.00 to $11.00. ()
  • 6/29/2020 – Zendesk had its price target raised by analysts at Goldman Sachs Group Inc from $96.00 to $113.00. ()
  • 6/29/2020 – Workiva had its price target raised by analysts at Goldman Sachs Group Inc from $41.00 to $52.00. ()
  • See More Analyst Rating at: RATING

Datadog (NASDAQ:DDOG) Moving Average Technical Analysis

5 day Moving Average is $86.98 And 5 day price change is -6.38 (-7.17%)  with average volume for 5 day average is 6,293,481. While technical analysis for average 20 days shows significant difference, 20 day moving average is  80.63 and 20 day price change is 13.14 (0.189) and average 20 day moving volume is 5,160,630. 50 day moving average is 66.03  and 50 day price change is 42.23 ( 1.0452)  and with average volume for 50 days is : 5,299,876. 200 day moving average is N/A  and 200 day price change is N/A (N/A)  and with average volume for 200 days is : N/A.

See More Analyst Rating at: RATING