Datadog, Inc. (NASDAQ:DDOG) Receives $157.04 Average Price Target from Analysts

Datadog, Inc. (NASDAQ:DDOG) has received an average rating of “Moderate Buy” from the thirty brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, twenty-six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $157.04.

A number of research analysts have recently weighed in on DDOG shares. Sanford C. Bernstein cut their price target on Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Truist Financial increased their target price on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. 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 report on Thursday, November 7th. TD Cowen reaffirmed a “buy” rating and issued a $165.00 price target on shares of Datadog in a research note on Tuesday, November 19th. Finally, Scotiabank reduced their price objective on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $145.99 on Thursday. Datadog has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The firm has a market capitalization of $49.60 billion, a P/E ratio of 275.46, a P/E/G ratio of 20.27 and a beta of 1.11. The company’s 50 day simple moving average is $141.32 and its 200 day simple moving average is $126.49.

Insider Buying and Selling at Datadog

In related news, Director Shardul Shah sold 15,832 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $120.02, for a total transaction of $1,900,156.64. Following the sale, the director now owns 459,449 shares in the company, valued at approximately $55,143,068.98. This represents a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 19,226 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $153.73, for a total value of $2,955,612.98. Following the completion of the transaction, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $58,370,204.89. This represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 740,588 shares of company stock worth $101,329,606. Corporate insiders own 11.78% of the company’s stock.

Institutional Investors Weigh In On Datadog

A number of institutional investors and hedge funds have recently made changes to their positions in DDOG. HB Wealth Management LLC increased its holdings in Datadog by 5.2% during the second quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock worth $250,000 after buying an additional 95 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in Datadog in the second quarter valued at approximately $272,000. Principal Financial Group Inc. lifted its position in shares of Datadog by 31.9% in the second quarter. Principal Financial Group Inc. now owns 143,663 shares of the company’s stock valued at $18,632,000 after buying an additional 34,720 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Datadog by 6.6% during the 2nd quarter. Maryland State Retirement & Pension System now owns 23,291 shares of the company’s stock worth $3,021,000 after acquiring an additional 1,434 shares during the period. Finally, Anfield Capital Management LLC acquired a new position in shares of Datadog during the 2nd quarter worth approximately $52,000. 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.