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

Shares of Datadog, Inc. (NASDAQ:DDOG) have been given a consensus recommendation of “Moderate Buy” by the thirty-four analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $138.37.

A number of research firms recently issued reports on DDOG. Loop Capital reaffirmed a “buy” rating and set a $160.00 target price on shares of Datadog in a report on Friday, July 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $146.00 price target on shares of Datadog in a research report on Monday, May 6th. BMO Capital Markets decreased their price target on Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 price target on shares of Datadog in a research report on Monday, July 22nd. Finally, Wedbush reiterated an “outperform” rating and issued a $155.00 price target on shares of Datadog in a research report on Wednesday, June 26th.

Datadog Price Performance

NASDAQ:DDOG opened at $107.25 on Monday. The business’s 50-day moving average price is $120.38 and its 200 day moving average price is $123.67. The firm has a market cap of $35.88 billion, a P/E ratio of 335.16, a PEG ratio of 37.24 and a beta of 1.11. Datadog has a 52-week low of $77.81 and a 52-week high of $138.61. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOG) last released its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. The firm had revenue of $611.25 million for the quarter, compared to analyst estimates of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. As a group, sell-side analysts predict that Datadog will post 0.32 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other news, insider Madre Armelle De sold 300 shares of Datadog stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total transaction of $34,011.00. Following the sale, the insider now owns 100,053 shares of the company’s stock, valued at approximately $11,343,008.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, General Counsel Kerry Acocella sold 1,846 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $120.28, for a total value of $222,036.88. Following the sale, the general counsel now owns 80,084 shares of the company’s stock, valued at approximately $9,632,503.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Madre Armelle De sold 300 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $113.37, for a total value of $34,011.00. Following the completion of the sale, the insider now directly owns 100,053 shares in the company, valued at approximately $11,343,008.61. The disclosure for this sale can be found here. In the last quarter, insiders have sold 771,969 shares of company stock valued at $93,060,043. 11.78% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Datadog

Institutional investors and hedge funds have recently bought and sold shares of the business. SouthState Corp acquired a new position in Datadog in the second quarter worth $26,000. Riverview Trust Co acquired a new position in Datadog in the first quarter worth $26,000. Raleigh Capital Management Inc. acquired a new position in Datadog in the fourth quarter worth $29,000. Private Trust Co. NA boosted its stake in Datadog by 743.3% in the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in shares of Datadog during the fourth quarter worth $33,000. Institutional investors and hedge funds 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.