Analysts Set Datadog, Inc. (NASDAQ:DDOG) PT at $158.70

Shares of Datadog, Inc. (NASDAQ:DDOG) have been given a consensus recommendation of “Moderate Buy” by the thirty-one brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $158.70.

A number of research analysts have issued reports on the stock. Rosenblatt Securities upped their target price on shares of Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Cantor Fitzgerald assumed coverage on shares of Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 target price on the stock. Guggenheim restated a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. JMP Securities restated a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Finally, Stifel Nicolaus lowered shares of Datadog from a “buy” rating to a “hold” rating and reduced their target price for the company from $165.00 to $140.00 in a report on Wednesday, January 29th.

Datadog Stock Up 2.1 %

Datadog stock opened at $103.97 on Tuesday. Datadog has a 52 week low of $98.30 and a 52 week high of $170.08. The firm’s 50-day simple moving average is $129.97 and its 200 day simple moving average is $131.27. The firm has a market capitalization of $35.64 billion, a PE ratio of 203.87, a P/E/G ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. On average, research analysts expect that Datadog will post 0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total value of $12,983,775.75. Following the completion of the transaction, the chief technology officer now owns 371,865 shares in the company, valued at $37,986,009.75. This represents a 25.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Amit Agarwal sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the completion of the transaction, the president now owns 195,667 shares of the company’s stock, valued at approximately $28,956,759.33. This represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 645,638 shares of company stock worth $82,099,946 in the last 90 days. 11.78% of the stock is owned by company insiders.

Hedge Funds Weigh In On Datadog

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC boosted its stake in shares of Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after buying an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Datadog during the 4th quarter valued at approximately $30,000. Avior Wealth Management LLC boosted its stake in shares of Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares during the last quarter. Putney Financial Group LLC purchased a new position in shares of Datadog during the 4th quarter valued at approximately $32,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. Hedge funds and other institutional investors 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.