Datadog (NASDAQ:DDOG) Given Buy Rating at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of Datadog (NASDAQ:DDOG) in a research report report published on Monday, Benzinga reports. They currently have a $152.00 price target on the stock.

Several other analysts have also commented on the stock. Wells Fargo & Company raised their price target 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 price target on Datadog from $140.00 to $150.00 and gave the company an outperform rating in a research note on Wednesday, February 14th. Barclays increased their price target on Datadog from $138.00 to $152.00 and gave the stock an overweight rating in a research report on Wednesday, February 14th. Canaccord Genuity Group reiterated a buy rating and set a $150.00 target price on shares of Datadog in a research report on Friday, February 23rd. Finally, Royal Bank of Canada increased their price objective on shares of Datadog from $145.00 to $151.00 and gave the company an outperform rating in a report on Wednesday, February 14th. Six research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $130.96.

Datadog Price Performance

Shares of DDOG opened at $122.07 on Monday. The company has a market capitalization of $40.51 billion, a P/E ratio of 1,017.25 and a beta of 1.16. The business’s 50-day moving average is $125.63 and its two-hundred day moving average is $116.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. Datadog has a fifty-two week low of $62.60 and a fifty-two week high of $138.61.

Datadog (NASDAQ:DDOG) last announced its quarterly 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 return on equity of 3.79% and a net margin of 2.28%. The company had revenue of $589.65 million during the quarter, compared to analysts’ expectations of $568.73 million. During the same period last year, the business earned ($0.08) earnings per share. Datadog’s quarterly revenue was up 25.6% on a year-over-year basis. Research analysts predict that Datadog will post -0.14 earnings per share for the current year.

Insider Activity

In related news, CEO Olivier Pomel sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $130.00, for a total transaction of $1,300,000.00. Following the completion of the sale, the chief executive officer now directly owns 299,075 shares in the company, valued at $38,879,750. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Olivier Pomel sold 10,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 299,075 shares of the company’s stock, valued at approximately $38,879,750. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Madre Armelle De sold 600 shares of Datadog stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $125.34, for a total transaction of $75,204.00. Following the sale, the insider now directly owns 100,353 shares in the company, valued at approximately $12,578,245.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 745,984 shares of company stock valued at $95,917,681. 14.97% of the stock is currently owned by insiders.

Institutional Trading of Datadog

A number of hedge funds and other institutional investors have recently modified their holdings of DDOG. Anchor Investment Management LLC purchased a new position in Datadog during the fourth quarter worth about $25,000. Riverview Trust Co purchased a new position in shares of Datadog during the 1st quarter worth approximately $26,000. Raleigh Capital Management Inc. acquired a new stake in Datadog in the 4th quarter valued at approximately $29,000. BluePath Capital Management LLC purchased a new stake in Datadog in the third quarter valued at approximately $31,000. Finally, Private Trust Co. NA lifted its stake in Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

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.