Datadog, Inc. (NASDAQ:DDOG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Datadog, Inc. (NASDAQ:DDOG) have been assigned a consensus rating of “Moderate Buy” from the thirty-one research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, twenty-one have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $156.67.

A number of brokerages have recently commented on DDOG. Rosenblatt Securities boosted their target price on shares of Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Macquarie reissued an “outperform” rating and set a $200.00 price target on shares of Datadog in a research report on Tuesday, February 11th. Wolfe Research cut shares of Datadog from an “outperform” rating to a “peer perform” rating in a report on Tuesday, February 18th. Stifel Nicolaus lowered shares of Datadog from a “buy” rating to a “hold” rating and lowered their target price for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Finally, Barclays dropped their price target on Datadog from $187.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th.

Datadog Trading Up 12.0 %

Shares of DDOG opened at $97.44 on Friday. Datadog has a 1-year low of $81.63 and a 1-year high of $170.08. The firm’s 50-day moving average price is $114.16 and its 200-day moving average price is $129.41. The firm has a market capitalization of $33.40 billion, a price-to-earnings ratio of 191.06, a PEG ratio of 44.03 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, research analysts forecast that Datadog will post 0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Olivier Pomel sold 107,365 shares of the business’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $87.33, for a total value of $9,376,185.45. Following the sale, the chief executive officer now directly owns 563,598 shares in the company, valued at $49,219,013.34. The trade was a 16.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the sale, the chief technology officer now owns 324,778 shares in the company, valued at $46,371,802.84. This represents a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 556,672 shares of company stock valued at $63,344,272 in the last quarter. 11.78% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Datadog

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DDOG. Allworth Financial LP increased its position in shares of Datadog by 7.7% during the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock valued at $146,000 after purchasing an additional 75 shares during the last quarter. Spire Wealth Management increased its position in Datadog by 21.4% during the fourth quarter. Spire Wealth Management now owns 453 shares of the company’s stock valued at $65,000 after acquiring an additional 80 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after acquiring an additional 81 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Datadog by 5.2% in the 4th quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company’s stock worth $265,000 after acquiring an additional 92 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Datadog by 16.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 663 shares of the company’s stock worth $95,000 after purchasing an additional 94 shares during the period. 78.29% of the stock is currently owned by hedge funds and other 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.