Brokerages Set Datadog, Inc. (NASDAQ:DDOG) PT at $130.52

Datadog, Inc. (NASDAQ:DDOG) has earned an average recommendation of “Moderate Buy” from the twenty-eight research firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and twenty-two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $130.96.

A number of equities analysts recently commented on DDOG shares. Canaccord Genuity Group reissued a “buy” rating and set a $150.00 price target on shares of Datadog in a research note on Friday, February 23rd. Wells Fargo & Company increased their price target on Datadog from $100.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 price target on shares of Datadog in a report on Wednesday, April 17th. Citigroup increased their price target on Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $155.00 price target (up from $140.00) on shares of Datadog in a report on Wednesday, February 14th.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $130.00, for a total value of $1,300,000.00. Following the sale, the chief executive officer now owns 299,075 shares of the company’s stock, valued at $38,879,750. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Olivier Pomel sold 10,000 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $130.00, for a total value of $1,300,000.00. Following the sale, the chief executive officer now directly owns 299,075 shares in the company, valued at $38,879,750. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO David M. Obstler sold 15,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $130.28, for a total value of $1,954,200.00. Following the transaction, the chief financial officer now directly owns 275,191 shares in the company, valued at approximately $35,851,883.48. The disclosure for this sale can be found here. Insiders have sold a total of 745,984 shares of company stock valued at $95,917,681 over the last quarter. 14.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On Datadog

Several hedge funds have recently made changes to their positions in DDOG. CWM LLC grew its holdings in shares of Datadog by 12.2% during the third quarter. CWM LLC now owns 5,289 shares of the company’s stock worth $482,000 after purchasing an additional 574 shares during the last quarter. Ronald Blue Trust Inc. lifted its position in shares of Datadog by 239.7% during the 3rd quarter. Ronald Blue Trust Inc. now owns 727 shares of the company’s stock valued at $72,000 after acquiring an additional 513 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in shares of Datadog during the 3rd quarter valued at approximately $249,000. DnB Asset Management AS lifted its position in shares of Datadog by 2.9% during the 3rd quarter. DnB Asset Management AS now owns 41,089 shares of the company’s stock valued at $3,743,000 after acquiring an additional 1,139 shares during the period. Finally, Global Retirement Partners LLC lifted its position in shares of Datadog by 54.5% during the 3rd quarter. Global Retirement Partners LLC now owns 649 shares of the company’s stock valued at $57,000 after acquiring an additional 229 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of DDOG opened at $122.07 on Friday. The stock has a market cap of $40.51 billion, a price-to-earnings ratio of 1,017.25 and a beta of 1.16. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The business has a 50-day simple moving average of $125.63 and a two-hundred day simple moving average of $116.37. Datadog has a 52 week low of $62.60 and a 52 week high of $138.61.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.08) earnings per share. On average, analysts expect that Datadog will post -0.14 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.