Datadog (NASDAQ:DDOG) Given “Overweight” Rating at Cantor Fitzgerald

Datadog (NASDAQ:DDOG)‘s stock had its “overweight” rating reissued by analysts at Cantor Fitzgerald in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $150.00 price objective on the stock. Cantor Fitzgerald’s price target points to a potential upside of 19.98% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Truist Financial upped their price objective on Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Wells Fargo & Company increased their price target on Datadog from $100.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. Barclays increased their price target on Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 14th. Robert W. Baird increased their price target on Datadog from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Finally, Wolfe Research increased their price target on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Six equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and an average target price of $130.52.

Datadog Trading Up 1.2 %

NASDAQ:DDOG opened at $125.02 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. The firm has a market capitalization of $41.49 billion, a price-to-earnings ratio of 1,041.83 and a beta of 1.15. Datadog has a one year low of $62.60 and a one year high of $138.61. The business has a fifty day moving average price of $126.18 and a 200-day moving average price of $115.55.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. Datadog’s revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) EPS. Sell-side analysts forecast that Datadog will post -0.14 EPS for the current year.

Insider Activity at Datadog

In related news, CEO Olivier Pomel sold 10,000 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $130.00, for a total value of $1,300,000.00. Following the completion of the transaction, the chief executive officer now owns 299,075 shares of the company’s stock, valued at approximately $38,879,750. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Olivier Pomel sold 10,000 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $130.00, for a total value of $1,300,000.00. Following the completion of the transaction, the chief executive officer now owns 299,075 shares of the company’s stock, valued at approximately $38,879,750. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David M. Obstler sold 15,000 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $130.28, for a total transaction of $1,954,200.00. Following the completion of the transaction, the chief financial officer now directly owns 275,191 shares of the company’s stock, valued at approximately $35,851,883.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 745,984 shares of company stock valued at $95,917,681. Insiders own 14.97% of the company’s stock.

Institutional Trading of Datadog

Several institutional investors have recently added to or reduced their stakes in DDOG. Norges Bank bought a new stake in Datadog in the fourth quarter worth about $384,986,000. Massachusetts Financial Services Co. MA bought a new stake in Datadog in the third quarter worth about $189,668,000. Alkeon Capital Management LLC bought a new stake in Datadog in the third quarter worth about $127,526,000. Vanguard Group Inc. lifted its stake in Datadog by 4.7% in the third quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock worth $2,416,151,000 after purchasing an additional 1,191,742 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Datadog by 104.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,084,788 shares of the company’s stock worth $315,783,000 after purchasing an additional 1,066,716 shares during the last quarter. 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.