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

Datadog, Inc. (NASDAQ:DDOG) has been given a consensus recommendation of “Moderate Buy” by the twenty-eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $130.52.

A number of brokerages have weighed in on DDOG. Wolfe Research raised their price objective on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, February 14th. Barclays raised their price objective on shares of Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Canaccord Genuity Group reissued a “buy” rating and issued a $150.00 target price on shares of Datadog in a research report on Friday, February 23rd. Mizuho increased their price target on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, Citigroup upped their price objective on Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, January 22nd.

Datadog Stock Performance

Datadog stock opened at $120.09 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. Datadog has a 12 month low of $62.60 and a 12 month high of $138.61. The company has a market cap of $39.85 billion, a price-to-earnings ratio of 1,000.75 and a beta of 1.15. The stock’s 50-day moving average is $125.89 and its 200-day moving average is $115.75.

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

Insider Activity at Datadog

In other Datadog news, CFO David M. Obstler sold 70,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $120.73, for a total value of $8,451,100.00. Following the sale, the chief financial officer now directly owns 275,191 shares in the company, valued at $33,223,809.43. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Olivier Pomel sold 133,315 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the completion of the sale, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at $38,825,916.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David M. Obstler sold 70,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $120.73, for a total value of $8,451,100.00. Following the sale, the chief financial officer now owns 275,191 shares in the company, valued at approximately $33,223,809.43. The disclosure for this sale can be found here. Insiders sold 745,984 shares of company stock valued at $95,917,681 over the last 90 days. 14.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Datadog

Several hedge funds have recently made changes to their positions in DDOG. Norges Bank acquired a new position in Datadog during the fourth quarter valued at $384,986,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Datadog during the third quarter worth approximately $189,668,000. Alkeon Capital Management LLC acquired a new stake in shares of Datadog during the third quarter worth approximately $127,526,000. Vanguard Group Inc. grew its position in Datadog by 4.7% during the third quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock valued at $2,416,151,000 after purchasing an additional 1,191,742 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Datadog by 104.8% during the 1st 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 in the last quarter. Hedge funds and other institutional investors 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.