Datadog (NASDAQ:DDOG) Price Target Raised to $165.00

Datadog (NASDAQ:DDOG) had its price target boosted by DA Davidson from $150.00 to $165.00 in a research note released on Monday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

DDOG has been the topic of a number of other research reports. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Thursday, November 7th. Robert W. Baird increased their target price on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Truist Financial lowered shares of Datadog from a “buy” rating to a “hold” rating and cut their price target for the stock from $170.00 to $150.00 in a report on Tuesday, January 7th. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Guggenheim reissued a “neutral” rating on shares of Datadog in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $158.10.

Datadog Stock Performance

Shares of Datadog stock opened at $147.10 on Monday. Datadog has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The company has a market cap of $49.97 billion, a P/E ratio of 277.55, a price-to-earnings-growth ratio of 16.83 and a beta of 1.15. The firm has a 50-day simple moving average of $147.06 and a two-hundred day simple moving average of $130.39.

Insider Activity

In other Datadog news, CRO Sean Michael Walters sold 4,244 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $135.00, for a total transaction of $572,940.00. Following the sale, the executive now directly owns 179,367 shares in the company, valued at $24,214,545. This represents a 2.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction on Monday, December 16th. The shares were sold at an average price of $155.25, for a total value of $1,228,959.00. Following the completion of the transaction, the director now owns 435,701 shares of the company’s stock, valued at approximately $67,642,580.25. This trade represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 777,586 shares of company stock valued at $111,444,979. Company insiders own 11.78% of the company’s stock.

Institutional Investors Weigh In On Datadog

A number of hedge funds have recently bought and sold shares of the stock. Generali Asset Management SPA SGR purchased a new stake in shares of Datadog during the fourth quarter worth approximately $1,453,000. PDS Planning Inc purchased a new stake in shares of Datadog in the 4th quarter valued at approximately $221,000. William Blair Investment Management LLC acquired a new stake in shares of Datadog in the 4th quarter valued at $173,163,000. Signaturefd LLC grew its stake in shares of Datadog by 9.3% during the fourth quarter. Signaturefd LLC now owns 2,767 shares of the company’s stock worth $395,000 after purchasing an additional 235 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Datadog by 8.5% in the fourth quarter. Parallel Advisors LLC now owns 4,070 shares of the company’s stock valued at $582,000 after buying an additional 319 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Company Profile

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.