Datadog, Inc. (NASDAQ:DDOG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Datadog, Inc. (NASDAQ:DDOG) has earned a consensus recommendation of “Moderate Buy” from the twenty-eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and twenty-three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $131.70.

A number of equities research analysts have commented on DDOG shares. William Blair reissued an “outperform” rating on shares of Datadog in a research note on Friday, February 16th. Wolfe Research lifted their target price on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $150.00 target price on shares of Datadog in a research report on Wednesday, April 17th. Mizuho lifted their target price on Datadog from $108.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $155.00 target price (up previously from $140.00) on shares of Datadog in a research report on Wednesday, February 14th.

Insider Activity

In related news, CEO Olivier Pomel sold 133,315 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the sale, the chief executive officer now owns 299,075 shares of the company’s stock, valued at approximately $38,825,916.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Olivier Pomel sold 133,315 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the sale, the chief executive officer now owns 299,075 shares of the company’s stock, valued at approximately $38,825,916.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Obstler sold 15,000 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $130.28, for a total value of $1,954,200.00. Following the sale, the chief financial officer now directly owns 275,191 shares in the company, valued at approximately $35,851,883.48. The disclosure for this sale can be found here. Insiders have sold 735,984 shares of company stock valued at $94,617,681 in the last 90 days. Insiders own 14.97% of the company’s stock.

Institutional Trading of Datadog

A number of institutional investors have recently added to or reduced their stakes in DDOG. Anchor Investment Management LLC purchased a new stake in shares of Datadog in the 4th quarter valued at about $25,000. Riverview Trust Co purchased a new stake in shares of Datadog in the 1st quarter valued at about $26,000. Raleigh Capital Management Inc. purchased a new stake in shares of Datadog in the 4th quarter valued at about $29,000. BluePath Capital Management LLC purchased a new stake in shares of Datadog in the 3rd quarter valued at about $31,000. Finally, Private Trust Co. NA raised its holdings in shares of Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after acquiring an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Trading Up 0.5 %

Shares of Datadog stock opened at $127.07 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. Datadog has a 52 week low of $62.60 and a 52 week high of $138.61. The stock has a 50 day moving average price of $125.35 and a two-hundred day moving average price of $116.67. The stock has a market capitalization of $42.17 billion, a PE ratio of 1,058.92 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The firm had revenue of $589.65 million during the quarter, compared to analysts’ expectations of $568.73 million. During the same quarter last year, the firm posted ($0.08) earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, equities analysts anticipate that Datadog will post -0.14 earnings per share for the current fiscal year.

About Datadog

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.