Datadog (NASDAQ:DDOG) Stock Price Up 3.4%

Datadog, Inc. (NASDAQ:DDOG - Get Free Report)'s share price rose 3.4% on Thursday . The company traded as high as $130.35 and last traded at $130.06. Approximately 548,889 shares traded hands during trading, a decline of 86% from the average daily volume of 4,047,147 shares. The stock had previously closed at $125.82.

Wall Street Analyst Weigh In

DDOG has been the subject of a number of research reports. Barclays increased their target price on shares of Datadog from $138.00 to $152.00 and gave the company an "overweight" rating in a research report on Wednesday, February 14th. Robert W. Baird increased their target price on shares of Datadog from $120.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, February 14th. Wolfe Research increased their target price on shares of Datadog from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Wednesday, February 14th. Mizuho increased their target price on shares of Datadog from $108.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, February 14th. Finally, William Blair reissued an "outperform" rating on shares of Datadog in a research report on Friday, February 16th. Six investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, Datadog has an average rating of "Moderate Buy" and an average target price of $130.33.

Datadog Stock Performance

The company's 50-day moving average price is $126.74 and its two-hundred day moving average price is $114.27. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. The stock has a market cap of $43.41 billion, a PE ratio of 1,090.00 and a beta of 1.15.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $589.65 million for the quarter, compared to analysts' expectations of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The firm's revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.08) EPS. On average, equities research analysts forecast that Datadog, Inc. will post -0.14 EPS for the current year.

Insider Buying and Selling

In other Datadog news, CFO David M. Obstler sold 70,000 shares of the business's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $120.73, for a total value of $8,451,100.00. Following the transaction, the chief financial officer now owns 275,191 shares in the company, valued at $33,223,809.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the sale, the chief technology officer now owns 247,328 shares of the company's stock, valued at approximately $33,414,012.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David M. Obstler sold 70,000 shares of Datadog stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $120.73, for a total transaction of $8,451,100.00. Following the sale, the chief financial officer now directly owns 275,191 shares in the company, valued at approximately $33,223,809.43. The disclosure for this sale can be found here. Insiders have sold a total of 730,990 shares of company stock worth $93,915,631 in the last 90 days. 14.97% of the stock is owned by company insiders.

Institutional Investors Weigh In On Datadog

A number of large investors have recently modified their holdings of DDOG. Norges Bank bought a new stake in shares of Datadog during the 4th quarter valued at about $384,986,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Datadog during the 3rd quarter valued at about $189,668,000. Alkeon Capital Management LLC bought a new stake in Datadog during the third quarter worth about $127,526,000. Vanguard Group Inc. boosted its stake in Datadog by 4.7% during the third quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company's stock worth $2,416,151,000 after acquiring an additional 1,191,742 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Datadog by 104.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,084,788 shares of the company's stock worth $315,783,000 after acquiring an additional 1,066,716 shares in the last quarter. Institutional investors own 78.29% of the company's stock.

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.