UBS Group Boosts Datadog (NASDAQ:DDOG) Price Target to $125.00

Datadog (NASDAQ:DDOG) had its price objective upped by research analysts at UBS Group from $120.00 to $125.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 10.98% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Barclays decreased their target price on shares of Datadog from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday. Needham & Company LLC decreased their target price on shares of Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday. Bank of America raised shares of Datadog from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $143.00 to $155.00 in a research note on Thursday, May 30th. Monness Crespi & Hardt raised shares of Datadog from a “sell” rating to a “neutral” rating in a research note on Wednesday. Finally, JMP Securities raised shares of Datadog to a “hold” rating in a research note on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.20.

Datadog Stock Down 1.3 %

NASDAQ:DDOG traded down $1.43 on Friday, hitting $112.63. 1,120,474 shares of the company’s stock were exchanged, compared to its average volume of 4,102,433. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 3.43. The firm has a 50-day moving average price of $119.33 and a 200-day moving average price of $123.17. The company has a market cap of $37.67 billion, a P/E ratio of 349.78, a price-to-earnings-growth ratio of 37.24 and a beta of 1.11. Datadog has a 52 week low of $77.81 and a 52 week high of $138.61.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.20. Datadog had a net margin of 5.11% and a return on equity of 7.48%. The firm had revenue of $611.25 million for the quarter, compared to analysts’ expectations of $589.97 million. As a group, analysts expect that Datadog will post 0.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $104.21, for a total value of $8,924,231.77. Following the sale, the chief executive officer now directly owns 405,314 shares of the company’s stock, valued at approximately $42,237,771.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $104.21, for a total transaction of $8,924,231.77. Following the transaction, the chief executive officer now owns 405,314 shares of the company’s stock, valued at $42,237,771.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Madre Armelle De sold 1,749 shares of Datadog stock in a transaction on Friday, June 7th. The shares were sold at an average price of $109.44, for a total transaction of $191,410.56. Following the completion of the transaction, the insider now owns 93,774 shares in the company, valued at approximately $10,262,626.56. The disclosure for this sale can be found here. In the last three months, insiders sold 857,306 shares of company stock valued at $101,950,263. Company insiders own 11.78% of the company’s stock.

Hedge Funds Weigh In On Datadog

Several hedge funds and other institutional investors have recently modified their holdings of the company. Plato Investment Management Ltd raised its holdings in Datadog by 9.4% in the second quarter. Plato Investment Management Ltd now owns 5,645 shares of the company’s stock valued at $732,000 after buying an additional 486 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Datadog in the 2nd quarter valued at $1,198,000. Envestnet Asset Management Inc. lifted its holdings in shares of Datadog by 8.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 356,011 shares of the company’s stock valued at $46,171,000 after acquiring an additional 26,431 shares in the last quarter. Allen Investment Management LLC lifted its holdings in shares of Datadog by 1,889.5% during the 2nd quarter. Allen Investment Management LLC now owns 48,702 shares of the company’s stock valued at $6,316,000 after acquiring an additional 46,254 shares in the last quarter. Finally, Thoroughbred Financial Services LLC purchased a new stake in Datadog during the 2nd quarter worth $481,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Company Profile

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.