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

Shares of Datadog, Inc. (NASDAQ:DDOGGet Rating) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-four research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $148.00.

Several brokerages recently commented on DDOG. Morgan Stanley cut their target price on Datadog from $159.00 to $155.00 and set an “overweight” rating on the stock in a research report on Monday, July 11th. Stifel Nicolaus cut their price target on Datadog from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, September 16th. KeyCorp cut their price target on Datadog from $132.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, August 5th. Canaccord Genuity Group initiated coverage on Datadog in a report on Thursday, July 7th. They issued a “hold” rating and a $120.00 price target on the stock. Finally, Canaccord Genuity Group initiated coverage on Datadog in a report on Thursday, July 7th. They issued a “hold” rating and a $120.00 price target on the stock.

Datadog Trading Down 5.4 %

Shares of DDOG stock opened at $89.44 on Friday. Datadog has a 1-year low of $81.12 and a 1-year high of $199.68. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $101.78 and a 200-day moving average of $110.61. The stock has a market cap of $28.30 billion, a price-to-earnings ratio of 8,952.95 and a beta of 1.13.

Datadog (NASDAQ:DDOGGet Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.14 by $0.10. Datadog had a return on equity of 2.24% and a net margin of 0.48%. The company had revenue of $406.14 million for the quarter, compared to analyst estimates of $381.28 million. During the same quarter in the prior year, the company earned ($0.02) EPS. The firm’s revenue for the quarter was up 73.9% compared to the same quarter last year. On average, equities research analysts forecast that Datadog will post -0.14 earnings per share for the current year.

Insider Activity at Datadog

In other Datadog news, insider Amit Agarwal sold 2,500 shares of the firm’s stock in a transaction on Friday, July 8th. The stock was sold at an average price of $104.88, for a total value of $262,200.00. Following the completion of the sale, the insider now directly owns 184,833 shares of the company’s stock, valued at $19,385,285.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Datadog news, insider Amit Agarwal sold 2,500 shares of the firm’s stock in a transaction on Friday, July 8th. The stock was sold at an average price of $104.88, for a total value of $262,200.00. Following the completion of the sale, the insider now directly owns 184,833 shares of the company’s stock, valued at $19,385,285.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie Richardson sold 3,906 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $96.87, for a total value of $378,374.22. Following the completion of the sale, the director now directly owns 3,932 shares of the company’s stock, valued at $380,892.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 94,052 shares of company stock valued at $10,159,510. 15.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Datadog

Large investors have recently made changes to their positions in the stock. Nordea Investment Management AB boosted its holdings in shares of Datadog by 1.9% in the first quarter. Nordea Investment Management AB now owns 108,819 shares of the company’s stock worth $16,514,000 after acquiring an additional 2,029 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Datadog in the first quarter worth $57,000. Oppenheimer Asset Management Inc. bought a new position in shares of Datadog in the first quarter worth $210,000. Elk River Wealth Management LLC bought a new position in shares of Datadog in the first quarter worth $428,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Datadog by 58.3% during the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,900 shares of the company’s stock valued at $288,000 after buying an additional 700 shares during the period. 71.98% of the stock is owned by institutional investors.

Datadog Company Profile

(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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Analyst Recommendations for Datadog (NASDAQ:DDOG)

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