Datadog (NASDAQ:DDOG) Given New $140.00 Price Target at UBS Group

Datadog (NASDAQ:DDOG) had its price target hoisted by UBS Group from $125.00 to $140.00 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on the company. Barclays upped their target price on Datadog from $125.00 to $128.00 and gave the company an “overweight” rating in a research note on Tuesday, May 6th. DA Davidson upped their price target on Datadog from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Wedbush restated an “outperform” rating and set a $140.00 price target on shares of Datadog in a research note on Wednesday. Wolfe Research lowered Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. Finally, JMP Securities restated a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.59.

Datadog Trading Down 1.1%

Datadog stock opened at $118.63 on Wednesday. The firm has a market capitalization of $40.97 billion, a P/E ratio of 232.61, a PEG ratio of 44.03 and a beta of 1.01. The stock has a fifty day moving average price of $106.65 and a 200 day moving average price of $124.02. Datadog has a 52 week low of $81.63 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG) last released its earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. The firm had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. As a group, equities analysts predict that Datadog will post 0.34 EPS for the current year.

Insider Activity at Datadog

In related news, Director Shardul Shah sold 23,748 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $120.00, for a total value of $2,849,760.00. Following the completion of the transaction, the director now owns 396,121 shares of the company’s stock, valued at approximately $47,534,520. This represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Olivier Pomel sold 107,365 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $87.33, for a total value of $9,376,185.45. Following the transaction, the chief executive officer now directly owns 563,598 shares in the company, valued at approximately $49,219,013.34. This represents a 16.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 700,582 shares of company stock valued at $77,926,597. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DDOG. Brighton Jones LLC bought a new position in Datadog during the 4th quarter worth approximately $209,000. Stratos Wealth Partners LTD. lifted its holdings in shares of Datadog by 6.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 3,892 shares of the company’s stock worth $556,000 after purchasing an additional 248 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in shares of Datadog in the 4th quarter worth approximately $765,000. Gladstone Institutional Advisory LLC bought a new stake in shares of Datadog in the 4th quarter worth approximately $853,000. Finally, Legato Capital Management LLC bought a new stake in shares of Datadog in the 4th quarter worth approximately $1,858,000. 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.