Datadog, Inc. (NASDAQ:DDOG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Datadog, Inc. (NASDAQ:DDOG) has been assigned an average recommendation of “Moderate Buy” from the thirty-one ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, twenty-five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $136.04.

A number of equities research analysts recently issued reports on the stock. Monness Crespi & Hardt restated a “sell” rating and issued a $98.00 target price (down from $290.00) on shares of Datadog in a report on Friday, June 14th. BMO Capital Markets lowered their target price on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. JMP Securities upgraded shares of Datadog to a “hold” rating in a report on Wednesday, May 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $150.00 target price on shares of Datadog in a report on Wednesday, April 17th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $152.00 target price on shares of Datadog in a report on Monday, April 22nd.

Insider Activity at Datadog

In related news, Director Titilope Cole sold 2,210 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $112.34, for a total value of $248,271.40. Following the sale, the director now directly owns 6,451 shares of the company’s stock, valued at $724,705.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Titilope Cole sold 2,210 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $112.34, for a total value of $248,271.40. Following the sale, the director now directly owns 6,451 shares of the company’s stock, valued at $724,705.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Madre Armelle De sold 600 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 100,353 shares in the company, valued at $12,578,245.02. The disclosure for this sale can be found here. Insiders have sold 833,242 shares of company stock valued at $99,862,497 over the last ninety days. Corporate insiders own 11.78% of the company’s stock.

Institutional Trading of Datadog

A number of institutional investors and hedge funds have recently modified their holdings of DDOG. O Shaughnessy Asset Management LLC acquired a new stake in shares of Datadog during the third quarter worth $405,000. Quadrature Capital Ltd acquired a new stake in shares of Datadog during the third quarter worth $738,000. Axxcess Wealth Management LLC acquired a new stake in shares of Datadog during the third quarter worth $378,000. Lido Advisors LLC raised its holdings in shares of Datadog by 143.9% during the third quarter. Lido Advisors LLC now owns 7,452 shares of the company’s stock worth $679,000 after purchasing an additional 4,397 shares during the period. Finally, Seven Eight Capital LP increased its holdings in shares of Datadog by 311.5% in the 3rd quarter. Seven Eight Capital LP now owns 22,675 shares of the company’s stock worth $2,065,000 after acquiring an additional 17,165 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Stock Performance

NASDAQ:DDOG opened at $131.50 on Thursday. The firm has a 50 day simple moving average of $120.09 and a 200-day simple moving average of $123.34. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 3.43. The firm has a market cap of $43.99 billion, a PE ratio of 410.94, a P/E/G ratio of 42.70 and a beta of 1.11. Datadog has a 1-year low of $77.81 and a 1-year high of $138.61.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.20. The business had revenue of $611.25 million during the quarter, compared to analyst estimates of $589.97 million. Datadog had a net margin of 5.11% and a return on equity of 7.48%. On average, equities analysts expect that Datadog will post 0.32 EPS for the current year.

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.