Datadog (NASDAQ:DDOG) Earns Buy Rating from Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Datadog (NASDAQ:DDOG) in a research note released on Monday, Benzinga reports. They currently have a $152.00 price objective on the stock.

DDOG has been the subject of several other research reports. Needham & Company LLC increased their target price on shares of Datadog from $125.00 to $165.00 and gave the company a buy rating in a report on Tuesday, February 13th. BMO Capital Markets reiterated an outperform rating and issued a $155.00 target price (up previously from $140.00) on shares of Datadog in a report on Wednesday, February 14th. Truist Financial increased their target price on shares of Datadog from $140.00 to $155.00 and gave the company a buy rating in a report on Wednesday, February 14th. Royal Bank of Canada increased their target price on shares of Datadog from $145.00 to $151.00 and gave the company an outperform rating in a report on Wednesday, February 14th. Finally, William Blair reiterated an outperform rating on shares of Datadog in a report on Friday, February 16th. Five investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $131.70.

Datadog Stock Performance

Shares of DDOG stock opened at $127.07 on Monday. The firm has a market capitalization of $42.17 billion, a PE ratio of 1,058.92 and a beta of 1.15. The firm has a fifty day simple moving average of $125.35 and a two-hundred day simple moving average of $116.67. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. Datadog has a 12 month low of $62.60 and a 12 month high of $138.61.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. Datadog’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.08) EPS. Analysts forecast that Datadog will post -0.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CRO Sean Michael Walters sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $129.86, for a total value of $1,298,600.00. Following the transaction, the executive now owns 162,706 shares in the company, valued at $21,129,001.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CRO Sean Michael Walters sold 10,000 shares of Datadog stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $129.86, for a total value of $1,298,600.00. Following the sale, the executive now owns 162,706 shares in the company, valued at $21,129,001.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 133,315 shares of Datadog stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the completion of the sale, the chief executive officer now owns 299,075 shares in the company, valued at approximately $38,825,916.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 735,984 shares of company stock valued at $94,617,681. 14.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Datadog

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parsons Capital Management Inc. RI boosted its stake in Datadog by 1.8% in the 1st quarter. Parsons Capital Management Inc. RI now owns 4,890 shares of the company’s stock worth $604,000 after purchasing an additional 88 shares during the period. Panagora Asset Management Inc. boosted its stake in Datadog by 1.0% in the 4th quarter. Panagora Asset Management Inc. now owns 9,026 shares of the company’s stock worth $1,096,000 after purchasing an additional 89 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in Datadog by 17.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company’s stock worth $78,000 after purchasing an additional 97 shares during the period. AM Squared Ltd boosted its stake in Datadog by 25.0% in the 4th quarter. AM Squared Ltd now owns 500 shares of the company’s stock worth $61,000 after purchasing an additional 100 shares during the period. Finally, Yousif Capital Management LLC boosted its stake in Datadog by 3.2% in the 4th quarter. Yousif Capital Management LLC now owns 3,183 shares of the company’s stock worth $386,000 after purchasing an additional 100 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.