Brokerages Set Datadog, Inc. (NASDAQ:DDOG) Price Target at $141.19

Datadog, Inc. (NASDAQ:DDOG) has been assigned an average rating of “Moderate Buy” from the thirty-one ratings firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, twenty-six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $141.19.

A number of research analysts recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $155.00 price objective on shares of Datadog in a report on Friday, August 9th. UBS Group boosted their target price on Datadog from $120.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Needham & Company LLC cut their target price on Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Loop Capital reissued a “buy” rating and issued a $160.00 target price on shares of Datadog in a research report on Friday, July 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 target price on shares of Datadog in a research report on Monday, July 22nd.

Datadog Stock Down 0.5 %

Shares of Datadog stock opened at $129.12 on Friday. Datadog has a twelve month low of $77.81 and a twelve month high of $138.61. The business has a 50-day moving average price of $115.24 and a 200 day moving average price of $119.30. The firm has a market cap of $43.19 billion, a PE ratio of 403.50, a P/E/G ratio of 22.85 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The company had revenue of $645.28 million for the quarter, compared to analysts’ expectations of $624.92 million. During the same period in the previous year, the firm posted $0.36 EPS. Datadog’s revenue was up 26.7% compared to the same quarter last year. On average, sell-side analysts expect that Datadog will post 0.42 EPS for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $104.21, for a total value of $8,924,231.77. Following the completion of the transaction, the chief executive officer now directly owns 405,314 shares of the company’s stock, valued at approximately $42,237,771.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $104.21, for a total transaction of $8,924,231.77. Following the completion of the transaction, the chief executive officer now directly owns 405,314 shares of the company’s stock, valued at $42,237,771.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David M. Obstler sold 33,333 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $125.70, for a total transaction of $4,189,958.10. Following the transaction, the chief financial officer now directly owns 314,158 shares of the company’s stock, valued at approximately $39,489,660.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 361,574 shares of company stock valued at $41,291,591. Corporate insiders own 11.78% of the company’s stock.

Institutional Trading of Datadog

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Datadog by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock valued at $3,390,485,000 after purchasing an additional 171,693 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Datadog by 9.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock valued at $511,620,000 after purchasing an additional 331,808 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of Datadog by 5.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock valued at $322,487,000 after purchasing an additional 138,700 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Datadog by 19.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,068,070 shares of the company’s stock valued at $138,518,000 after purchasing an additional 172,887 shares during the last quarter. Finally, Kodai Capital Management LP acquired a new position in shares of Datadog in the 1st quarter valued at $116,054,000. Institutional investors and hedge funds 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.