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

Shares of Datadog, Inc. (NASDAQ:DDOG) have been given a consensus rating of “Moderate Buy” by the twenty-nine analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, twenty-five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $150.96.

DDOG has been the subject of a number of research reports. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Thursday. TD Cowen boosted their target price on shares of Datadog from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday. Cantor Fitzgerald reissued an “overweight” rating and set a $150.00 price target on shares of Datadog in a research note on Monday, July 22nd. Evercore ISI started coverage on shares of Datadog in a research report on Monday, July 15th. They issued an “outperform” rating and a $150.00 price objective for the company. Finally, UBS Group reiterated an “underperform” rating on shares of Datadog in a research report on Friday, October 18th.

Insider Activity

In related news, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $126.67, for a total transaction of $1,002,719.72. Following the sale, the director now directly owns 451,533 shares in the company, valued at $57,195,685.11. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Shardul Shah sold 7,916 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $126.67, for a total transaction of $1,002,719.72. Following the completion of the transaction, the director now directly owns 451,533 shares in the company, valued at approximately $57,195,685.11. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Sean Michael Walters sold 2,322 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $125.00, for a total value of $290,250.00. Following the completion of the sale, the executive now owns 183,512 shares in the company, valued at $22,939,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 317,186 shares of company stock worth $39,962,314 over the last quarter. 11.78% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Datadog

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SouthState Corp bought a new position in shares of Datadog in the 2nd quarter valued at about $26,000. Meeder Asset Management Inc. grew its stake in Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of Datadog during the 2nd quarter worth approximately $37,000. Versant Capital Management Inc raised its stake in shares of Datadog by 216.5% during the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock worth $40,000 after purchasing an additional 210 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Datadog by 70.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after buying an additional 127 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Trading Down 4.1 %

Shares of Datadog stock opened at $124.45 on Wednesday. The stock has a market capitalization of $41.96 billion, a price-to-earnings ratio of 234.81, a P/E/G ratio of 23.44 and a beta of 1.10. The firm’s 50-day moving average price is $119.67 and its two-hundred day moving average price is $119.53. Datadog has a 1-year low of $98.80 and a 1-year high of $138.61.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The business had revenue of $645.28 million for the quarter, compared to analyst estimates of $624.92 million. During the same period in the prior year, the company earned $0.36 EPS. Datadog’s revenue for the quarter was up 26.7% on a year-over-year basis. As a group, equities research analysts predict that Datadog will post 0.42 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.