Datadog’s (DDOG) Market Perform Rating Reaffirmed at JMP Securities

Datadog (NASDAQ:DDOG)‘s stock had its “market perform” rating reiterated by stock analysts at JMP Securities in a note issued to investors on Friday,Benzinga reports.

A number of other brokerages have also issued reports on DDOG. Needham & Company LLC reissued a “buy” rating and issued a $160.00 target price on shares of Datadog in a research report on Friday. Robert W. Baird increased their target price on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Mizuho lifted their target price on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Guggenheim reissued a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. Finally, UBS Group restated an “underperform” rating on shares of Datadog in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.62.

Datadog Trading Down 4.4 %

Datadog stock traded down $6.01 during midday trading on Friday, hitting $129.88. 2,229,789 shares of the stock were exchanged, compared to its average volume of 4,752,881. The stock’s 50-day simple moving average is $145.85 and its 200 day simple moving average is $130.93. Datadog has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The stock has a market capitalization of $44.12 billion, a price-to-earnings ratio of 245.36, a PEG ratio of 16.83 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 9.41% and a net margin of 7.58%. Equities analysts anticipate that Datadog will post 0.53 EPS for the current fiscal year.

Insider Transactions at Datadog

In other news, CFO David M. Obstler sold 33,334 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $135.95, for a total value of $4,531,757.30. Following the completion of the sale, the chief financial officer now owns 314,158 shares of the company’s stock, valued at approximately $42,709,780.10. The trade was a 9.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $155.25, for a total value of $1,228,959.00. Following the completion of the transaction, the director now owns 435,701 shares of the company’s stock, valued at $67,642,580.25. This trade represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 627,586 shares of company stock valued at $92,540,479. 11.78% of the stock is currently owned by insiders.

Institutional Trading of Datadog

Several institutional investors have recently added to or reduced their stakes in the business. Inspire Investing LLC raised its stake in Datadog by 22.0% during the third quarter. Inspire Investing LLC now owns 2,484 shares of the company’s stock worth $286,000 after acquiring an additional 448 shares during the period. Creative Planning raised its position in shares of Datadog by 17.6% during the 3rd quarter. Creative Planning now owns 17,141 shares of the company’s stock worth $1,972,000 after purchasing an additional 2,563 shares during the period. Swedbank AB lifted its holdings in shares of Datadog by 3.2% in the 3rd quarter. Swedbank AB now owns 110,712 shares of the company’s stock worth $12,739,000 after purchasing an additional 3,483 shares during the last quarter. Bleakley Financial Group LLC boosted its position in Datadog by 10.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 3,427 shares of the company’s stock valued at $394,000 after purchasing an additional 311 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Datadog by 0.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,224 shares of the company’s stock worth $4,053,000 after buying an additional 314 shares during 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.