Datadog, Inc. (NASDAQ:DDOG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Datadog, Inc. (NASDAQ:DDOG) has received a consensus recommendation of “Moderate Buy” from the twenty-eight research firms that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $131.70.

DDOG has been the topic of a number of recent analyst reports. Robert W. Baird raised their target price on Datadog from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Canaccord Genuity Group restated a “buy” rating and set a $150.00 target price on shares of Datadog in a report on Friday, February 23rd. BMO Capital Markets restated an “outperform” rating and set a $155.00 target price (up previously from $140.00) on shares of Datadog in a report on Wednesday, February 14th. Stifel Nicolaus restated a “buy” rating and set a $152.00 target price on shares of Datadog in a report on Monday, April 22nd. Finally, Citigroup raised their price target on Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd.

Insider Activity

In other news, CEO Olivier Pomel sold 23,924 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $130.05, for a total transaction of $3,111,316.20. Following the completion of the transaction, the chief executive officer now owns 337,247 shares of the company’s stock, valued at approximately $43,858,972.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Olivier Pomel sold 23,924 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $130.05, for a total transaction of $3,111,316.20. Following the completion of the transaction, the chief executive officer now owns 337,247 shares of the company’s stock, valued at approximately $43,858,972.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $135.10, for a total value of $17,171,885.50. Following the transaction, the chief technology officer now directly owns 247,328 shares of the company’s stock, valued at approximately $33,414,012.80. The disclosure for this sale can be found here. In the last three months, insiders sold 759,908 shares of company stock worth $97,728,997. 14.97% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Datadog

A number of institutional investors and hedge funds have recently bought and sold shares of the company. First National Trust Co increased its holdings in Datadog by 3.3% in the 1st quarter. First National Trust Co now owns 2,447 shares of the company’s stock worth $302,000 after purchasing an additional 79 shares in the last quarter. Parsons Capital Management Inc. RI increased its holdings 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 in the last quarter. Panagora Asset Management Inc. increased its holdings 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 in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings 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 in the last quarter. Finally, AM Squared Ltd increased its holdings 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 in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Price Performance

Datadog stock opened at $131.45 on Friday. The business’s 50-day simple moving average is $125.25 and its 200 day simple moving average is $117.01. The stock has a market cap of $43.62 billion, a price-to-earnings ratio of 1,095.42 and a beta of 1.15. Datadog has a 12-month low of $63.00 and a 12-month high of $138.61. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The firm had revenue of $589.65 million for the quarter, compared to analysts’ expectations of $568.73 million. During the same quarter last year, the business earned ($0.08) earnings per share. The company’s revenue was up 25.6% compared to the same quarter last year. As a group, research analysts anticipate that Datadog will post -0.14 earnings per share for the current year.

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.