Datadog, Inc. (NASDAQ:DDOG) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Datadog, Inc. has received an average rating of "Moderate Buy" from thirty analysts, with twenty-four issuing buy recommendations.
• The stock's average 12-month target price is approximately $149.90, with fluctuations in targets from various analysts ranging from $140.00 to $185.00.
• In its latest quarterly earnings report, Datadog reported $826.76 million in revenue, surpassing analyst expectations, and exhibited a year-over-year revenue growth of 28.1%.

Shares of Datadog, Inc. (NASDAQ:DDOG - Get Free Report) have been assigned an average rating of "Moderate Buy" from the thirty analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $149.8966.

A number of research analysts have commented on the stock. Macquarie cut their price target on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Morgan Stanley increased their target price on Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. UBS Group set a $165.00 target price on Datadog and gave the stock a "buy" rating in a research report on Thursday. DA Davidson set a $160.00 price target on Datadog and gave the company a "buy" rating in a research report on Tuesday. Finally, Monness Crespi & Hardt increased their price objective on Datadog from $160.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday.

Datadog Stock Down 0.4%

DDOG opened at $136.38 on Friday. The company has a market capitalization of $47.10 billion, a P/E ratio of 296.48, a P/E/G ratio of 75.32 and a beta of 1.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.74 and a quick ratio of 2.74. The firm's fifty day moving average price is $134.90 and its two-hundred day moving average price is $120.94. Datadog has a fifty-two week low of $81.63 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The company had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same period last year, the firm earned $0.43 EPS. The firm's revenue for the quarter was up 28.1% compared to the same quarter last year. On average, analysts anticipate 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 business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $121.71, for a total transaction of $13,067,394.15. Following the completion of the sale, the chief executive officer owned 548,715 shares in the company, valued at $66,784,102.65. The trade was a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amit Agarwal sold 25,000 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $117.02, for a total value of $2,925,500.00. Following the transaction, the director directly owned 76,052 shares in the company, valued at $8,899,605.04. This trade represents a 24.74% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 835,918 shares of company stock worth $106,308,669. Company insiders own 8.70% of the company's stock.

Institutional Trading of Datadog

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock worth $25,000 after purchasing an additional 22,646 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in Datadog by 96.9% in the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares during the last quarter. Costello Asset Management INC acquired a new position in Datadog in the first quarter valued at about $30,000. Putney Financial Group LLC acquired a new position in Datadog in the fourth quarter valued at about $32,000. Finally, Elequin Capital LP bought a new position in Datadog during the fourth quarter worth about $34,000. 78.29% of the stock is owned by institutional investors.

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.

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