Datadog, Inc. (NASDAQ:DDOG – Get Free Report) 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.
Read Our Latest Stock Analysis on DDOG
Insider Transactions at Datadog
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 – Get Free Report) 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.
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