Fintel reports that on August 9, 2023, Stifel downgraded their outlook for Datadog Inc – (NASDAQ:DDOG) from Buy to Hold.
Analyst Price Forecast Suggests 23.59% Upside
As of August 2, 2023, the average one-year price target for Datadog Inc – is 108.81. The forecasts range from a low of 70.70 to a high of $147.00. The average price target represents an increase of 23.59% from its latest reported closing price of 88.04.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Datadog Inc – is 2,262MM, an increase of 19.23%. The projected annual non-GAAP EPS is 1.20.
What is the Fund Sentiment?
There are 1254 funds or institutions reporting positions in Datadog Inc -. This is a decrease of 31 owner(s) or 2.41% in the last quarter. Average portfolio weight of all funds dedicated to DDOG is 0.44%, a decrease of 17.11%. Total shares owned by institutions decreased in the last three months by 4.33% to 250,262K shares. The put/call ratio of DDOG is 0.92, indicating a bullish outlook.
What are Other Shareholders Doing?
ICONIQ Capital holds 13,176K shares representing 4.09% ownership of the company. No change in the last quarter.
Baillie Gifford holds 10,392K shares representing 3.23% ownership of the company. In it’s prior filing, the firm reported owning 6,095K shares, representing an increase of 41.35%. The firm increased its portfolio allocation in DDOG by 117.49% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 8,142K shares representing 2.53% ownership of the company. In it’s prior filing, the firm reported owning 7,986K shares, representing an increase of 1.91%. The firm decreased its portfolio allocation in DDOG by 6.94% over the last quarter.
Price T Rowe Associates holds 7,181K shares representing 2.23% ownership of the company. In it’s prior filing, the firm reported owning 9,986K shares, representing a decrease of 39.05%. The firm decreased its portfolio allocation in DDOG by 33.84% over the last quarter.
Wcm Investment Management holds 6,204K shares representing 1.93% ownership of the company. In it’s prior filing, the firm reported owning 4,757K shares, representing an increase of 23.32%. The firm increased its portfolio allocation in DDOG by 65.05% over the last quarter.
Datadog Background Information
(This description is provided by the company.)
Datadog is the monitoring and security platform for cloud applications. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide unified, real-time observability of its customers’ entire technology stack. Datadog is used by organizations of all sizes and across a wide range of industries to enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior and track key business metrics.
This article originally appeared on Fintel
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
