UBS Group Boosts Datadog (NASDAQ:DDOG) Price Target to $125.00

Datadog (NASDAQ:DDOG - Get Free Report) had its price objective upped by stock analysts at UBS Group from $120.00 to $125.00 in a research report issued on Wednesday, Marketbeat Ratings reports. The firm currently has a "buy" rating on the stock. UBS Group's price target points to a potential upside of 15.87% from the company's current price.

Several other brokerages have also issued reports on DDOG. Macquarie reaffirmed an "outperform" rating and set a $200.00 price target on shares of Datadog in a research note on Tuesday, February 11th. Citigroup cut their target price on shares of Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Rosenblatt Securities lowered their price target on shares of Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Wolfe Research lowered shares of Datadog from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Finally, JMP Securities reiterated a "market perform" rating on shares of Datadog in a research report on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.54.

Datadog Trading Down 1.2 %

Shares of Datadog stock traded down $1.34 during trading on Wednesday, reaching $107.88. The company's stock had a trading volume of 3,603,369 shares, compared to its average volume of 4,337,421. The stock has a 50-day moving average price of $100.20 and a two-hundred day moving average price of $125.81. The stock has a market capitalization of $36.98 billion, a P/E ratio of 211.53, a price-to-earnings-growth ratio of 44.03 and a beta of 1.12. Datadog has a one year low of $81.63 and a one year high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.04. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The company 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 firm posted $0.44 earnings per share. The company's revenue was up 24.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Datadog will post 0.34 EPS for the current fiscal year.

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $105.83, for a total value of $13,451,522.15. Following the completion of the sale, the chief technology officer now owns 466,535 shares of the company's stock, valued at approximately $49,373,399.05. This represents a 21.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Sean Michael Walters sold 8,454 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total transaction of $862,646.16. Following the completion of the transaction, the executive now directly owns 185,871 shares of the company's stock, valued at $18,966,276.84. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 559,867 shares of company stock valued at $57,550,902 over the last 90 days. 11.78% of the stock is owned by corporate insiders.

Institutional Trading of Datadog

Large investors have recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Datadog by 887.0% in the 1st 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 during the last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $30,000. Cornerstone Planning Group LLC boosted its stake in shares of Datadog by 96.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after acquiring an additional 154 shares during the period. Costello Asset Management INC acquired a new position in shares of Datadog during the 1st quarter worth approximately $30,000. Finally, Avior Wealth Management LLC increased its holdings in shares of Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after acquiring an additional 81 shares during the last quarter. 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.