Datadog, Inc. (NASDAQ:DDOG) Given Average Rating of “Moderate Buy” by Analysts

Datadog, Inc. (NASDAQ:DDOG) has been given an average recommendation of “Moderate Buy” by the thirty-two ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $158.39.

A number of research firms have recently weighed in on DDOG. DA Davidson raised their target price on Datadog from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, February 10th. Stifel Nicolaus cut Datadog from a “buy” rating to a “hold” rating and cut their price objective for the stock from $165.00 to $140.00 in a research report on Wednesday, January 29th. TD Cowen reiterated a “buy” rating and set a $165.00 target price on shares of Datadog in a research note on Tuesday, November 19th. Mizuho raised their price objective on shares of Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Robert W. Baird boosted their target price on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the transaction, the chief executive officer now owns 379,693 shares of the company’s stock, valued at $61,236,887.04. The trade was a 32.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the sale, the chief technology officer now directly owns 324,778 shares in the company, valued at $46,371,802.84. This trade represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 556,674 shares of company stock worth $82,904,025. 11.78% of the stock is owned by insiders.

Hedge Funds Weigh In On Datadog

A number of institutional investors have recently bought and sold shares of DDOG. True Wealth Design LLC increased its position in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in Datadog during the 4th quarter worth approximately $30,000. Avior Wealth Management LLC lifted its holdings in Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Datadog during the 3rd quarter valued at $33,000. 78.29% of the stock is owned by institutional investors.

Datadog Stock Performance

Shares of NASDAQ:DDOG opened at $130.63 on Friday. Datadog has a 52-week low of $98.80 and a 52-week high of $170.08. The company has a market capitalization of $44.38 billion, a PE ratio of 246.48, a price-to-earnings-growth ratio of 16.83 and a beta of 1.15. The company has a fifty day moving average of $144.49 and a 200-day moving average of $131.36.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 9.41% and a net margin of 7.58%. On average, equities analysts forecast that Datadog will post 0.53 EPS 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.