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

Shares of Datadog, Inc. (NASDAQ:DDOG - Get Free Report) have received an average rating of "Moderate Buy" from the thirty-one brokerages that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $141.54.

Several analysts have recently weighed in on DDOG shares. UBS Group boosted their target price on Datadog from $120.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Morgan Stanley dropped their price target on Datadog from $143.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Rosenblatt Securities dropped their price target on Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. JMP Securities restated a "market perform" rating on shares of Datadog in a research report on Friday, February 14th. Finally, Citigroup dropped their price target on Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a research report on Friday, February 14th.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 107,365 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $109.56, for a total transaction of $11,762,909.40. Following the sale, the chief executive officer now owns 435,793 shares in the company, valued at approximately $47,745,481.08. This represents a 19.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amit Agarwal sold 10,167 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $115.86, for a total value of $1,177,948.62. Following the sale, the director now owns 82,324 shares in the company, valued at approximately $9,538,058.64. This trade represents a 10.99% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 584,867 shares of company stock worth $60,517,652. 11.78% of the stock is owned by insiders.

Institutional Investors Weigh In On Datadog

A number of hedge funds and other institutional investors have recently made changes to their positions in DDOG. Allworth Financial LP boosted its stake in Datadog by 7.7% in the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company's stock worth $146,000 after buying an additional 75 shares during the last quarter. Spire Wealth Management boosted its stake in Datadog by 21.4% in the 4th quarter. Spire Wealth Management now owns 453 shares of the company's stock worth $65,000 after buying an additional 80 shares during the last quarter. Avior Wealth Management LLC boosted its stake in Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after buying an additional 81 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Datadog by 5.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock worth $265,000 after buying an additional 92 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Datadog by 16.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 663 shares of the company's stock worth $95,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Stock Performance

NASDAQ DDOG traded up $0.70 during trading on Friday, reaching $117.00. 3,555,668 shares of the company's stock were exchanged, compared to its average volume of 4,398,585. Datadog has a 1 year low of $81.63 and a 1 year high of $170.08. The stock has a market cap of $40.41 billion, a P/E ratio of 229.42, a price-to-earnings-growth ratio of 44.03 and a beta of 1.12. The company has a 50 day moving average price of $103.30 and a two-hundred day moving average price of $124.89.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The business had revenue of $761.55 million during the quarter, compared to the consensus estimate of $741.73 million. During the same period in the previous year, the business earned $0.44 EPS. The business's quarterly revenue was up 24.6% on a year-over-year basis. Research analysts forecast that Datadog will post 0.34 EPS for the current fiscal 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.