Datadog, Inc. (NASDAQ:DDOG) Receives $158.46 Consensus Target Price from Analysts

Datadog, Inc. (NASDAQ:DDOG) has received an average rating of “Moderate Buy” from the thirty-two brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, twenty-two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $158.39.

Several equities research analysts have weighed in on DDOG shares. Stifel Nicolaus cut Datadog from a “buy” rating to a “hold” rating and lowered their target price for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a report on Thursday, November 7th. Wolfe Research cut Datadog from an “outperform” rating to a “peer perform” rating in a report on Tuesday. DA Davidson upped their target price on Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, Citigroup lowered their target price on Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 14th.

Datadog Stock Down 1.9 %

DDOG opened at $126.38 on Friday. The business has a fifty day moving average of $142.85 and a 200 day moving average of $131.47. Datadog has a 52-week low of $98.80 and a 52-week high of $170.08. The stock has a market cap of $42.93 billion, a P/E ratio of 247.81, a PEG ratio of 28.09 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data 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 net margin of 6.85% and a return on equity of 8.28%. Equities analysts anticipate that Datadog will post 0.56 EPS for the current fiscal year.

Insider Activity at Datadog

In related news, General Counsel Kerry Acocella sold 2,488 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the completion of the transaction, the general counsel now owns 68,758 shares in the company, valued at $10,866,514.32. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amit Agarwal sold 25,000 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $139.47, for a total value of $3,486,750.00. Following the completion of the transaction, the director now owns 195,667 shares of the company’s stock, valued at $27,289,676.49. This trade represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 556,674 shares of company stock valued at $82,904,025 in the last ninety days. Corporate insiders own 11.78% of the company’s stock.

Hedge Funds Weigh In On Datadog

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Groupama Asset Managment grew its position in Datadog by 407.6% during the 4th quarter. Groupama Asset Managment now owns 6,600,000 shares of the company’s stock worth $943,074,000 after purchasing an additional 5,299,688 shares during the period. Janus Henderson Group PLC grew its position in Datadog by 17,477.2% during the 4th quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company’s stock worth $573,923,000 after purchasing an additional 3,993,707 shares during the period. Norges Bank acquired a new stake in Datadog during the 4th quarter worth about $462,910,000. Jennison Associates LLC grew its position in Datadog by 47.9% during the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock worth $1,325,826,000 after purchasing an additional 3,005,300 shares during the period. Finally, Brown Advisory Inc. boosted its position in Datadog by 2,804.2% in the 4th quarter. Brown Advisory Inc. now owns 2,749,174 shares of the company’s stock worth $392,830,000 after purchasing an additional 2,654,512 shares in the last quarter. Hedge funds and other 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.