Datadog (NASDAQ:DDOG) Given New $145.00 Price Target at Mizuho

Datadog (NASDAQ:DDOG - Free Report) had its price objective increased by Mizuho from $125.00 to $145.00 in a report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group restated a "buy" rating on shares of Datadog in a report on Tuesday, May 6th. Stifel Nicolaus upped their target price on Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a report on Thursday, June 26th. Wells Fargo & Company reduced 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. Macquarie reduced their price target on Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, Scotiabank set a $130.00 price target on Datadog and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $145.34.

Datadog Trading Up 1.3%

Shares of Datadog stock traded up $1.90 during midday trading on Wednesday, reaching $145.05. 1,494,757 shares of the company's stock traded hands, compared to its average volume of 5,931,938. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.74 and a current ratio of 2.74. The company has a market cap of $50.09 billion, a PE ratio of 315.33, a price-to-earnings-growth ratio of 76.64 and a beta of 1.03. The stock has a 50 day moving average of $126.66 and a 200-day moving average of $120.74. Datadog has a 12 month low of $81.63 and a 12 month high of $170.08.

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

Insider Activity

In other news, Director Amit Agarwal sold 25,000 shares of the company's 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 transaction, the director directly owned 76,052 shares of the company's stock, valued at $8,899,605.04. This represents a 24.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $121.71, for a total value of $13,067,394.15. Following the transaction, the chief executive officer directly owned 548,715 shares in the company, valued at approximately $66,784,102.65. The trade was a 16.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 957,666 shares of company stock valued at $117,576,223. Corporate insiders own 8.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DDOG. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after purchasing an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC lifted 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 acquiring an additional 154 shares during the period. Costello Asset Management INC bought a new position in Datadog in the first quarter valued at about $30,000. Putney Financial Group LLC bought a new position in Datadog in the fourth quarter valued at about $32,000. Finally, Elequin Capital LP bought a new position in Datadog in the fourth quarter valued at about $34,000. 78.29% of the stock is owned by institutional investors.

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.