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

Datadog, Inc. (NASDAQ:DDOG) has been assigned a consensus rating of “Moderate Buy” from the thirty-three brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, twenty-six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $158.45.

Several research analysts have recently commented on DDOG shares. Citigroup increased their price target on shares of Datadog from $157.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. BMO Capital Markets raised their target price on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Stifel Nicolaus upped 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. Scotiabank cut their price objective on Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $143.00 target price on shares of Datadog in a report on Thursday, January 16th.

Insider Activity at Datadog

In other news, General Counsel Kerry Acocella sold 2,488 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total value of $393,203.52. Following the sale, the general counsel now owns 68,758 shares in the company, valued at approximately $10,866,514.32. The trade was a 3.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amit Agarwal sold 25,000 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $139.47, for a total transaction of $3,486,750.00. Following the sale, the director now owns 195,667 shares of the company’s stock, valued at $27,289,676.49. This trade represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 642,679 shares of company stock valued at $92,155,421 over the last quarter. 11.78% of the stock is owned by company insiders.

Institutional Trading of Datadog

Several large investors have recently added to or reduced their stakes in the company. Spire Wealth Management boosted its holdings in shares of Datadog by 21.4% in the 4th quarter. Spire Wealth Management now owns 453 shares of the company’s stock worth $65,000 after acquiring an additional 80 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after purchasing an additional 81 shares during the last quarter. Pathstone Holdings LLC increased its stake in shares of Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after buying an additional 91 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Datadog by 19.5% in the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after buying an additional 92 shares during the last quarter. Finally, Parsons Capital Management Inc. RI lifted its position in Datadog by 2.0% during the 4th quarter. Parsons Capital Management Inc. RI now owns 4,943 shares of the company’s stock worth $706,000 after buying an additional 96 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Price Performance

Shares of Datadog stock opened at $140.99 on Monday. The firm has a market cap of $47.90 billion, a price-to-earnings ratio of 266.02, a P/E/G ratio of 16.28 and a beta of 1.14. The stock has a 50-day simple moving average of $147.06 and a 200-day simple moving average of $128.82. Datadog has a 52-week low of $98.80 and a 52-week high of $170.08.

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.