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

Datadog, Inc. (NASDAQ:DDOG) has earned an average recommendation of “Moderate Buy” from the thirty-four ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $138.37.

A number of equities research analysts have issued reports on DDOG shares. Stifel Nicolaus reiterated a “buy” rating and set a $152.00 target price on shares of Datadog in a report on Monday, April 22nd. Loop Capital reiterated a “buy” rating and set a $160.00 target price on shares of Datadog in a report on Friday, July 5th. Mizuho upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $135.00 to $155.00 in a report on Tuesday, July 16th. BTIG Research upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $143.00 target price on the stock in a report on Thursday. Finally, JMP Securities upgraded shares of Datadog to a “hold” rating in a report on Wednesday, May 8th.

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 200,993 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $131.01, for a total value of $26,332,092.93. Following the completion of the sale, the chief executive officer now owns 324,539 shares in the company, valued at approximately $42,517,854.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Madre Armelle De sold 300 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $113.37, for a total value of $34,011.00. Following the completion of the sale, the insider now owns 100,053 shares in the company, valued at $11,343,008.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 200,993 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $131.01, for a total transaction of $26,332,092.93. Following the completion of the sale, the chief executive officer now owns 324,539 shares of the company’s stock, valued at approximately $42,517,854.39. The disclosure for this sale can be found here. In the last quarter, insiders sold 857,606 shares of company stock worth $103,799,779. Company insiders own 11.78% of the company’s stock.

Institutional Trading of Datadog

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Riverview Trust Co acquired a new stake in shares of Datadog in the first quarter valued at about $26,000. Raleigh Capital Management Inc. acquired a new stake in shares of Datadog in the fourth quarter valued at about $29,000. Private Trust Co. NA increased its holdings in Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after acquiring an additional 223 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Datadog during the 4th quarter valued at about $33,000. Finally, Quest Partners LLC purchased a new position in Datadog during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of DDOG stock opened at $107.25 on Monday. The firm’s 50 day moving average price is $120.38 and its 200-day moving average price is $123.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. Datadog has a one year low of $77.81 and a one year high of $138.61. The firm has a market cap of $35.88 billion, a P/E ratio of 335.16, a P/E/G ratio of 38.34 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, topping 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 analyst estimates of $589.97 million. As a group, equities research analysts predict that Datadog will post 0.32 EPS for the current year.

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.