Datadog, Inc. (NASDAQ:DDOG) Receives Average Rating of “Moderate Buy” from Brokerages

Datadog, Inc. (NASDAQ:DDOGGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the thirty research firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, twenty-five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $137.50.

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada boosted their price target on Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. BMO Capital Markets cut their price target on Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Rosenblatt Securities reissued a “buy” rating and issued a $146.00 price target on shares of Datadog in a report on Monday, May 6th. Robert W. Baird raised Datadog from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $130.00 to $140.00 in a report on Wednesday, May 8th. Finally, Mizuho boosted their price target on Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th.

View Our Latest Report on DDOG

Datadog Stock Performance

NASDAQ DDOG opened at $109.47 on Friday. Datadog has a 1-year low of $77.81 and a 1-year high of $138.61. The company has a market capitalization of $36.62 billion, a P/E ratio of 342.09, a PEG ratio of 42.71 and a beta of 1.09. The business has a 50 day moving average price of $121.49 and a 200 day moving average price of $122.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOGGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.20. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The firm had revenue of $611.25 million during the quarter, compared to the consensus estimate of $589.97 million. Sell-side analysts expect that Datadog will post 0.27 EPS for the current fiscal year.

Insider Transactions at Datadog

In related news, 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 transaction, the chief financial officer now owns 275,191 shares in the company, valued at $33,223,809.43. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, 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 transaction, the chief financial officer now owns 275,191 shares in the company, valued at $33,223,809.43. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Madre Armelle De sold 300 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total value of $34,011.00. Following the completion of the transaction, the insider now owns 100,053 shares in the company, valued at approximately $11,343,008.61. The disclosure for this sale can be found here. Insiders sold 640,786 shares of company stock valued at $76,906,241 over the last quarter. Company insiders own 11.78% of the company’s stock.

Institutional Trading of Datadog

Several institutional investors and hedge funds have recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new stake in shares of Datadog during the 4th quarter worth approximately $25,000. Riverview Trust Co acquired a new stake in shares of Datadog during the 1st quarter worth approximately $26,000. Raleigh Capital Management Inc. acquired a new stake in shares of Datadog during the 4th quarter worth approximately $29,000. Private Trust Co. NA raised its position in shares of Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Datadog during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Company Profile

(Get Free Report

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.

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Analyst Recommendations for Datadog (NASDAQ:DDOG)

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