Datadog (NASDAQ:DDOG) Coverage Initiated at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Datadog (NASDAQ:DDOG) in a research report issued on Friday,Briefing.com Automated Import reports. The firm set an “overweight” rating and a $180.00 price target on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 31.59% from the stock’s current price.

A number of other brokerages have also issued reports on DDOG. Stifel Nicolaus raised their price target on Datadog from $141.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Sanford C. Bernstein lowered their target price on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Jefferies Financial Group raised their price target on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Mizuho boosted their price objective on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Macquarie initiated coverage on shares of Datadog in a research report on Thursday, December 12th. They set an “outperform” rating and a $200.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $158.00.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $136.79 on Friday. Datadog has a 1 year low of $98.80 and a 1 year high of $170.08. The firm has a 50-day simple moving average of $145.61 and a two-hundred day simple moving average of $128.51. The company has a market cap of $46.47 billion, a P/E ratio of 258.10, a PEG ratio of 16.31 and a beta of 1.14.

Insider Transactions at Datadog

In related news, Director Matthew Jacobson sold 3,393 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $125.03, for a total transaction of $424,226.79. Following the transaction, the director now directly owns 695,086 shares in the company, valued at $86,906,602.58. The trade was a 0.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $155.25, for a total value of $1,228,959.00. Following the completion of the sale, the director now owns 435,701 shares of the company’s stock, valued at approximately $67,642,580.25. This trade represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 609,763 shares of company stock valued at $87,543,649. Corporate insiders own 11.78% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DDOG. True Wealth Design LLC increased its position in shares of Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in Datadog during the 4th quarter valued at about $30,000. Meeder Asset Management Inc. increased its holdings in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares during the period. Quarry LP purchased a new position in shares of Datadog in the third quarter worth about $33,000. Finally, American National Bank & Trust acquired a new stake in shares of Datadog during the third quarter worth about $39,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.