Datadog’s (DDOG) Buy Rating Reaffirmed at Loop Capital

Loop Capital reissued their buy rating on shares of Datadog (NASDAQ:DDOGFree Report) in a research note published on Friday morning, Benzinga reports. They currently have a $160.00 price objective on the stock.

DDOG has been the subject of a number of other research reports. Cantor Fitzgerald reiterated an overweight rating and set a $150.00 price target on shares of Datadog in a research report on Wednesday, April 17th. Barclays cut their price objective on Datadog from $152.00 to $145.00 and set an overweight rating for the company in a report on Wednesday, May 8th. Wedbush restated an outperform rating and issued a $155.00 price objective on shares of Datadog in a report on Wednesday, June 26th. Needham & Company LLC restated a buy rating and issued a $165.00 price objective on shares of Datadog in a report on Thursday, June 27th. Finally, BMO Capital Markets cut their price objective on Datadog from $155.00 to $140.00 and set an outperform rating for the company in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $136.89.

Get Our Latest Analysis on Datadog

Datadog Trading Up 2.3 %

Shares of DDOG stock opened at $134.56 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. Datadog has a 1 year low of $77.81 and a 1 year high of $138.61. The stock has a fifty day moving average of $120.36 and a two-hundred day moving average of $123.53. The firm has a market capitalization of $45.01 billion, a PE ratio of 420.50, a price-to-earnings-growth ratio of 43.30 and a beta of 1.11.

Datadog (NASDAQ:DDOGGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The company had revenue of $611.25 million during the quarter, compared to analyst estimates of $589.97 million. As a group, research analysts expect that Datadog will post 0.32 EPS for the current year.

Insider Activity at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $130.75, for a total value of $16,618,978.75. Following the transaction, the chief technology officer now owns 279,025 shares in the company, valued at $36,482,518.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $130.75, for a total value of $16,618,978.75. Following the transaction, the chief technology officer now owns 279,025 shares in the company, valued at $36,482,518.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 23,924 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $130.05, for a total value of $3,111,316.20. Following the completion of the transaction, the chief executive officer now owns 337,247 shares in the company, valued at approximately $43,858,972.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 833,242 shares of company stock valued at $99,862,497. Company insiders own 11.78% of the company’s stock.

Institutional Trading of Datadog

Large investors have recently made changes to their positions in the stock. Riverview Trust Co bought a new stake in shares of Datadog during the 1st quarter worth about $26,000. Anchor Investment Management LLC bought a new stake in shares of Datadog during the 4th quarter worth about $25,000. Raleigh Capital Management Inc. bought a new stake in shares of Datadog during the 4th quarter worth about $29,000. Private Trust Co. NA boosted its stake 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 acquiring an additional 223 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in shares of Datadog during the 4th quarter worth about $33,000. Institutional investors 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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