Datadog (NASDAQ:DDOG) Upgraded to Neutral by Monness Crespi & Hardt

Datadog (NASDAQ:DDOG) was upgraded by investment analysts at Monness Crespi & Hardt from a “sell” rating to a “neutral” rating in a research report issued on Wednesday, Marketbeat reports.

A number of other brokerages have also issued reports on DDOG. Needham & Company LLC reiterated a “buy” rating and set a $165.00 price target on shares of Datadog in a research note on Thursday, June 27th. Evercore ISI began coverage on Datadog in a research note on Monday, July 15th. They set an “outperform” rating and a $150.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and issued a $146.00 price target on shares of Datadog in a report on Monday, May 6th. Loop Capital reaffirmed a “buy” rating and set a $160.00 price objective on shares of Datadog in a report on Friday, July 5th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $152.00 target price on shares of Datadog in a report on Monday, April 22nd. Four investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.37.

Datadog Stock Performance

Shares of NASDAQ DDOG traded up $2.43 during midday trading on Wednesday, reaching $107.90. 5,228,979 shares of the company were exchanged, compared to its average volume of 4,067,263. The stock has a fifty day simple moving average of $119.67 and a 200 day simple moving average of $123.34. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34. The stock has a market cap of $36.09 billion, a P/E ratio of 337.81, a PEG ratio of 37.24 and a beta of 1.11. Datadog has a 1 year low of $77.81 and a 1 year high of $138.61.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, beating 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 net margin of 5.11% and a return on equity of 7.48%. On average, research analysts forecast that Datadog will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Datadog

In other news, Director Titilope Cole sold 2,210 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $112.34, for a total transaction of $248,271.40. Following the transaction, the director now directly owns 6,451 shares in the company, valued at approximately $724,705.34. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Titilope Cole sold 2,210 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $112.34, for a total transaction of $248,271.40. Following the completion of the sale, the director now directly owns 6,451 shares of the company’s stock, valued at approximately $724,705.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Olivier Pomel sold 98,690 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $109.16, for a total value of $10,773,000.40. Following the completion of the transaction, the chief executive officer now directly owns 324,539 shares in the company, valued at $35,426,677.24. The disclosure for this sale can be found here. Insiders sold 771,669 shares of company stock worth $93,026,032 in the last 90 days. 11.78% of the stock is owned by company insiders.

Institutional Trading of Datadog

Institutional investors and hedge funds have recently bought and sold shares of the business. Spire Wealth Management lifted its position in Datadog by 2,148.5% during the fourth quarter. Spire Wealth Management now owns 5,329 shares of the company’s stock valued at $694,000 after buying an additional 5,092 shares in the last quarter. Hsbc Holdings PLC boosted its position in Datadog by 47.8% during the 4th quarter. Hsbc Holdings PLC now owns 193,390 shares of the company’s stock worth $23,505,000 after purchasing an additional 62,533 shares during the period. Congress Asset Management Co. MA acquired a new stake in Datadog in the 1st quarter valued at $1,083,000. Massachusetts Financial Services Co. MA boosted its position in shares of Datadog by 31.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,733,448 shares of the company’s stock worth $331,786,000 after buying an additional 651,244 shares during the period. Finally, Zevenbergen Capital Investments LLC grew its position in Datadog by 5.6% in the fourth quarter. Zevenbergen Capital Investments LLC now owns 165,405 shares of the company’s stock valued at $20,077,000 after acquiring an additional 8,830 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.