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

Shares of Datadog, Inc. (NASDAQ:DDOG) have earned a consensus rating of “Moderate Buy” from the twenty-nine research firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and twenty-three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $107.45.

Several brokerages have weighed in on DDOG. Sanford C. Bernstein upped their target price on Datadog from $127.00 to $133.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 16th. Wolfe Research raised Datadog from a “peer perform” rating to an “outperform” rating and set a $140.00 target price on the stock in a research report on Monday, July 24th. Bank of America upped their target price on Datadog from $110.00 to $130.00 in a research report on Wednesday, July 26th. Canaccord Genuity Group upped their price target on Datadog from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. Finally, Stifel Nicolaus downgraded Datadog from a “buy” rating to a “hold” rating and decreased their price target for the stock from $115.00 to $90.00 in a research note on Tuesday, August 8th.

Datadog Stock Down 1.0 %

NASDAQ:DDOG opened at $96.68 on Friday. The firm has a market capitalization of $31.42 billion, a price-to-earnings ratio of -371.85, a PEG ratio of 1,675.21 and a beta of 0.98. Datadog has a 1-year low of $61.34 and a 1-year high of $118.02. The company has a current ratio of 3.41, a quick ratio of 3.42 and a debt-to-equity ratio of 0.45. The business’s fifty day moving average price is $100.78 and its 200 day moving average price is $86.99.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.08. The firm had revenue of $509.46 million for the quarter, compared to analyst estimates of $501.55 million. Datadog had a negative return on equity of 4.66% and a negative net margin of 4.38%. Datadog’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share.

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 85,637 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $86.20, for a total value of $7,381,909.40. Following the completion of the transaction, the chief executive officer now directly owns 336,486 shares of the company’s stock, valued at approximately $29,005,093.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CRO Sean Michael Walters sold 7,812 shares of the firm’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $100.01, for a total transaction of $781,278.12. Following the completion of the sale, the executive now directly owns 184,841 shares of the company’s stock, valued at approximately $18,485,948.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $86.20, for a total value of $7,381,909.40. Following the sale, the chief executive officer now directly owns 336,486 shares of the company’s stock, valued at $29,005,093.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,226,530 shares of company stock valued at $116,974,543. Corporate insiders own 14.97% of the company’s stock.

Institutional Investors Weigh In On Datadog

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC increased its holdings in Datadog by 167.5% during the 2nd quarter. Lindbrook Capital LLC now owns 329 shares of the company’s stock valued at $32,000 after purchasing an additional 206 shares in the last quarter. Allworth Financial LP increased its holdings in Datadog by 493.0% during the 2nd quarter. Allworth Financial LP now owns 338 shares of the company’s stock valued at $33,000 after purchasing an additional 281 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Datadog by 92.4% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 379 shares of the company’s stock valued at $28,000 after purchasing an additional 182 shares in the last quarter. Silicon Valley Capital Partners acquired a new stake in Datadog during the 4th quarter valued at $32,000. Finally, Ogorek Anthony Joseph NY ADV boosted its position in Datadog by 381.0% in the 1st quarter. Ogorek Anthony Joseph NY ADV now owns 481 shares of the company’s stock valued at $34,000 after buying an additional 381 shares during the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.

Datadog Company Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management.