Stifel Nicolaus Reiterates Buy Rating for Datadog (NASDAQ:DDOG)

Datadog (NASDAQ:DDOG - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Stifel Nicolaus in a report issued on Monday, Benzinga reports. They presently have a $152.00 price target on the stock. Stifel Nicolaus' target price suggests a potential upside of 24.52% from the stock's previous close.

Several other research analysts also recently issued reports on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $150.00 target price on shares of Datadog in a research note on Wednesday, April 17th. Truist Financial upped their target price on shares of Datadog from $140.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, February 14th. Wells Fargo & Company upped their price objective on shares of Datadog from $100.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Friday, February 9th. BMO Capital Markets reiterated an "outperform" rating and issued a $155.00 price objective (up previously from $140.00) on shares of Datadog in a research report on Wednesday, February 14th. Finally, Mizuho upped their price objective on shares of Datadog from $108.00 to $130.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 14th. Six research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $130.96.

Datadog Price Performance

NASDAQ DDOG traded up $1.98 on Monday, hitting $122.07. 2,970,962 shares of the company's stock were exchanged, compared to its average volume of 4,043,820. The stock has a 50-day moving average of $125.89 and a 200-day moving average of $116.14. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. Datadog has a 52 week low of $62.60 and a 52 week high of $138.61. The stock has a market cap of $40.51 billion, a price-to-earnings ratio of 1,009.17 and a beta of 1.16.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The firm had revenue of $589.65 million during the quarter, compared to analysts' expectations of $568.73 million. During the same period in the prior year, the company earned ($0.08) earnings per share. The company's quarterly revenue was up 25.6% on a year-over-year basis. Analysts expect that Datadog will post -0.14 earnings per share for the current year.

Insider Activity at Datadog

In related news, insider Madre Armelle De sold 600 shares of the firm's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $125.34, for a total value of $75,204.00. Following the completion of the sale, the insider now owns 100,353 shares in the company, valued at $12,578,245.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Datadog news, CEO Olivier Pomel sold 10,000 shares of Datadog stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $130.00, for a total transaction of $1,300,000.00. Following the completion of the transaction, the chief executive officer now owns 299,075 shares in the company, valued at $38,879,750. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Madre Armelle De sold 600 shares of Datadog stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $125.34, for a total transaction of $75,204.00. Following the transaction, the insider now owns 100,353 shares of the company's stock, valued at approximately $12,578,245.02. The disclosure for this sale can be found here. Insiders sold 745,984 shares of company stock worth $95,917,681 over the last 90 days. Company insiders own 14.97% of the company's stock.

Hedge Funds Weigh In On Datadog

A number of institutional investors have recently modified their holdings of DDOG. Riverview Trust Co purchased a new stake in Datadog in the first quarter valued at approximately $26,000. Anchor Investment Management LLC purchased a new stake in Datadog in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. purchased a new stake in Datadog in the fourth quarter valued at approximately $29,000. Private Trust Co. NA grew its stake in Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company's stock worth $31,000 after buying an additional 223 shares during the period. Finally, Jones Financial Companies Lllp purchased a new stake in Datadog during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds 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.