Datadog, Inc. (NASDAQ:DDOG) Given Consensus Rating of “Buy” by Brokerages

Datadog, Inc. (NASDAQ:DDOGGet Rating) has received a consensus rating of “Buy” from the twenty-four brokerages that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $180.09.

A number of analysts recently issued reports on DDOG shares. Truist Financial dropped their target price on shares of Datadog from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, March 24th. Barclays decreased their price target on Datadog from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, April 19th. BTIG Research assumed coverage on Datadog in a report on Tuesday, March 22nd. They issued a “buy” rating and a $175.00 price target for the company. KeyCorp decreased their price target on Datadog from $210.00 to $160.00 and set an “overweight” rating for the company in a report on Monday. Finally, Jefferies Financial Group upped their price target on Datadog from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, February 11th.

DDOG opened at $121.68 on Tuesday. The firm has a 50 day moving average price of $143.71 and a 200 day moving average price of $156.33. The company has a market cap of $38.20 billion, a PE ratio of -1,738.04 and a beta of 1.08. Datadog has a 1 year low of $69.73 and a 1 year high of $199.68. The company has a debt-to-equity ratio of 0.71, a quick ratio of 3.54 and a current ratio of 3.54.

Datadog (NASDAQ:DDOGGet Rating) last posted its earnings results on Thursday, February 10th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.09. The firm had revenue of $326.20 million during the quarter, compared to the consensus estimate of $291.42 million. Datadog had a negative net margin of 2.02% and a negative return on equity of 0.58%. The company’s revenue was up 83.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) EPS. On average, sell-side analysts predict that Datadog will post -0.24 earnings per share for the current year.

In other Datadog news, CEO Olivier Pomel sold 36,368 shares of the stock in a transaction on Monday, February 7th. The stock was sold at an average price of $153.88, for a total value of $5,596,307.84. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO David M. Obstler sold 3,750 shares of the stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $146.82, for a total value of $550,575.00. The disclosure for this sale can be found here. Insiders have sold 286,617 shares of company stock worth $44,928,211 over the last 90 days. 20.23% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Atticus Wealth Management LLC increased its holdings in shares of Datadog by 15.7% during the third quarter. Atticus Wealth Management LLC now owns 5,705 shares of the company’s stock valued at $806,000 after purchasing an additional 775 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Datadog by 61.0% during the third quarter. Janney Montgomery Scott LLC now owns 6,160 shares of the company’s stock valued at $871,000 after purchasing an additional 2,335 shares during the period. AE Wealth Management LLC acquired a new position in shares of Datadog during the third quarter valued at $245,000. Victory Capital Management Inc. increased its holdings in shares of Datadog by 1.1% during the third quarter. Victory Capital Management Inc. now owns 41,825 shares of the company’s stock valued at $5,912,000 after purchasing an additional 473 shares during the period. Finally, Allworth Financial LP increased its holdings in shares of Datadog by 88.9% during the third quarter. Allworth Financial LP now owns 187 shares of the company’s stock valued at $26,000 after purchasing an additional 88 shares during the period. 64.06% of the stock is currently owned by hedge funds and other institutional investors.

About Datadog (Get Rating)

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.

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