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

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirty ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $144.07.

Several brokerages have issued reports on DDOG. Wolfe Research raised Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a research note on Thursday, June 12th. Wells Fargo & Company dropped their price target on Datadog from $140.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. DA Davidson boosted their price target on Datadog from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Jefferies Financial Group reissued a "buy" rating on shares of Datadog in a research note on Tuesday, May 6th. Finally, Macquarie lowered their target price on Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th.

Datadog Trading Up 1.4%

DDOG stock traded up $1.93 during trading on Monday, hitting $140.73. The company had a trading volume of 377,379 shares, compared to its average volume of 4,981,318. The business has a 50-day moving average of $124.63 and a 200-day moving average of $120.48. Datadog has a one year low of $81.63 and a one year high of $170.08. The stock has a market cap of $48.60 billion, a PE ratio of 305.85, a PEG ratio of 75.99 and a beta of 1.03. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. Datadog had a return on equity of 6.39% and a net margin of 5.85%. The firm had revenue of $761.55 million for the quarter, compared to analyst estimates of $741.73 million. During the same period in the previous year, the firm earned $0.44 earnings per share. The company's revenue was up 24.6% compared to the same quarter last year. Research analysts predict that Datadog will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other news, Director Amit Agarwal sold 25,000 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $117.02, for a total transaction of $2,925,500.00. Following the completion of the transaction, the director owned 76,052 shares in the company, valued at approximately $8,899,605.04. This represents a 24.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 107,365 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $121.71, for a total value of $13,067,394.15. Following the transaction, the chief executive officer owned 548,715 shares of the company's stock, valued at $66,784,102.65. The trade was a 16.36% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 866,806 shares of company stock worth $104,910,027. Company insiders own 8.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Datadog by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company's stock worth $3,116,487,000 after acquiring an additional 1,058,803 shares during the period. Baillie Gifford & Co. grew its stake in shares of Datadog by 12.6% during the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock worth $1,217,769,000 after acquiring an additional 1,369,522 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Datadog by 259.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after acquiring an additional 6,250,942 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Datadog by 23.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock worth $667,611,000 after acquiring an additional 1,261,065 shares during the period. Finally, Groupama Asset Managment grew its stake in shares of Datadog by 407.6% during the 4th quarter. Groupama Asset Managment now owns 6,600,000 shares of the company's stock worth $943,074,000 after acquiring an additional 5,299,688 shares during the period. Institutional investors 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.