Analysts Set Datadog, Inc. (NASDAQ:DDOG) PT at $157.22

Shares of Datadog, Inc. (NASDAQ:DDOG) have received a consensus recommendation of “Moderate Buy” from the thirty-one analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $156.67.

A number of equities analysts have issued reports on DDOG shares. Loop Capital upped their target price on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $143.00 price objective on shares of Datadog in a research note on Thursday, January 16th. Macquarie reissued an “outperform” rating and set a $200.00 target price on shares of Datadog in a report on Tuesday, February 11th. DA Davidson lifted their price objective on Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $160.00 price target on shares of Datadog in a report on Tuesday, March 4th.

Datadog Trading Up 0.3 %

DDOG opened at $88.20 on Friday. The company has a market cap of $30.23 billion, a P/E ratio of 172.94, a PEG ratio of 44.03 and a beta of 1.20. The company’s 50 day moving average is $118.44 and its 200-day moving average is $130.26. Datadog has a 1-year low of $81.63 and a 1-year high of $170.08.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, equities analysts forecast that Datadog will post 0.34 EPS for the current year.

Insider Activity at Datadog

In other news, CEO Olivier Pomel sold 107,365 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $109.56, for a total transaction of $11,762,909.40. Following the completion of the sale, the chief executive officer now directly owns 435,793 shares of the company’s stock, valued at $47,745,481.08. This trade represents a 19.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total value of $12,983,775.75. Following the sale, the chief technology officer now owns 371,865 shares in the company, valued at $37,986,009.75. The trade was a 25.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 601,412 shares of company stock valued at $75,444,584 over the last ninety days. Corporate insiders own 11.78% of the company’s stock.

Institutional Trading of Datadog

A number of large investors have recently added to or reduced their stakes in DDOG. Retirement Wealth Solutions LLC bought a new position in shares of Datadog during the 4th quarter valued at approximately $30,000. Putney Financial Group LLC bought a new position in Datadog during the fourth quarter valued at $32,000. Avior Wealth Management LLC grew its holdings in Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares during the period. Elequin Capital LP bought a new stake in shares of Datadog in the fourth quarter valued at $34,000. Finally, Coppell Advisory Solutions LLC raised its stake in shares of Datadog by 178.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company’s stock valued at $40,000 after buying an additional 177 shares during the period. Hedge funds and other 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.