Datadog (NASDAQ:DDOG) Shares Up 3.4%

Datadog, Inc. (NASDAQ:DDOG) shares were up 3.4% during mid-day trading on Thursday . The company traded as high as $130.35 and last traded at $130.06. Approximately 548,889 shares were traded during trading, a decline of 86% from the average daily volume of 4,047,147 shares. The stock had previously closed at $125.82.

Analysts Set New Price Targets

Several research firms have recently issued reports on DDOG. Barclays boosted their target price on Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Truist Financial lifted their price target on shares of Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Wells Fargo & Company upped their price objective on shares of Datadog from $100.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Wolfe Research lifted their target price on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $145.00 price target (up from $115.00) on shares of Datadog in a report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $130.33.

Datadog Price Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. The company has a fifty day moving average price of $126.61 and a two-hundred day moving average price of $114.53. The company has a market cap of $42.32 billion, a P/E ratio of 1,062.58 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $589.65 million during the quarter, compared to analysts’ expectations of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.08) earnings per share. On average, sell-side analysts anticipate that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Activity at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the sale, the chief technology officer now directly owns 247,328 shares of the company’s stock, valued at $33,414,012.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Madre Armelle De sold 600 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $125.34, for a total value of $75,204.00. Following the completion of the sale, the insider now directly owns 100,353 shares of the company’s stock, valued at $12,578,245.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $135.10, for a total value of $17,171,885.50. Following the transaction, the chief technology officer now directly owns 247,328 shares in the company, valued at $33,414,012.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 730,990 shares of company stock valued at $93,915,631. 14.97% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Datadog

Several hedge funds have recently added to or reduced their stakes in DDOG. Panagora Asset Management Inc. lifted its position in Datadog by 1.0% during the fourth quarter. Panagora Asset Management Inc. now owns 9,026 shares of the company’s stock worth $1,096,000 after acquiring an additional 89 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Datadog by 17.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company’s stock worth $78,000 after purchasing an additional 97 shares during the last quarter. AM Squared Ltd lifted its holdings in Datadog by 25.0% during the 4th quarter. AM Squared Ltd now owns 500 shares of the company’s stock worth $61,000 after purchasing an additional 100 shares during the last quarter. Yousif Capital Management LLC grew its holdings in Datadog by 3.2% in the 4th quarter. Yousif Capital Management LLC now owns 3,183 shares of the company’s stock valued at $386,000 after buying an additional 100 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its position in Datadog by 5.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,177 shares of the company’s stock worth $198,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

About Datadog

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.