Datadog (NASDAQ:DDOG) Given Buy Rating at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Datadog (NASDAQ:DDOG) in a research note published on Monday, Benzinga reports. Stifel Nicolaus currently has a $152.00 price target on the stock.

A number of other analysts also recently issued reports on the company. Needham & Company LLC lifted their price target on Datadog from $125.00 to $165.00 and gave the company a buy rating in a research report on Tuesday, February 13th. Citigroup boosted their target price on Datadog from $125.00 to $150.00 and gave the stock a buy rating in a research report on Monday, January 22nd. Canaccord Genuity Group restated a buy rating and issued a $150.00 target price on shares of Datadog in a research report on Friday, February 23rd. Cantor Fitzgerald restated an overweight rating and issued a $150.00 target price on shares of Datadog in a research report on Wednesday, April 17th. Finally, William Blair restated an outperform rating on shares of Datadog in a research report on Friday, February 16th. Five research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, Datadog has a consensus rating of Moderate Buy and an average target price of $131.70.

Datadog Stock Up 0.5 %

DDOG stock opened at $127.07 on Monday. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $42.17 billion, a PE ratio of 1,058.92 and a beta of 1.15. Datadog has a twelve month low of $62.60 and a twelve month high of $138.61. The stock has a 50-day simple moving average of $125.35 and a two-hundred day simple moving average of $116.67.

Datadog (NASDAQ:DDOG) last posted its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) EPS. On average, equities analysts predict that Datadog will post -0.14 EPS for the current fiscal year.

Insider Activity

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the transaction, the chief technology officer now directly owns 247,328 shares of the company’s stock, valued at $33,414,012.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Datadog news, COO Adam Blitzer sold 20,892 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $128.58, for a total value of $2,686,293.36. Following the sale, the chief operating officer now directly owns 203,503 shares of the company’s stock, valued at $26,166,415.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $135.10, for a total value of $17,171,885.50. Following the completion of the sale, the chief technology officer now directly owns 247,328 shares in the company, valued at $33,414,012.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 735,984 shares of company stock valued at $94,617,681. Company insiders own 14.97% of the company’s stock.

Institutional Investors Weigh In On Datadog

Several hedge funds have recently added to or reduced their stakes in DDOG. Norges Bank bought a new stake in Datadog in the fourth quarter worth $384,986,000. Massachusetts Financial Services Co. MA bought a new position in shares of Datadog during the third quarter valued at $189,668,000. Alkeon Capital Management LLC bought a new position in shares of Datadog during the third quarter valued at $127,526,000. Vanguard Group Inc. lifted its holdings in shares of Datadog by 4.7% during the third quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock valued at $2,416,151,000 after purchasing an additional 1,191,742 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in shares of Datadog by 47.9% during the fourth quarter. 1832 Asset Management L.P. now owns 2,619,500 shares of the company’s stock valued at $317,955,000 after purchasing an additional 848,000 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Company Profile

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.