Datadog (NASDAQ:DDOG) had its price objective boosted by Needham & Company LLC from $48.00 to $54.00 in a report released on Tuesday morning, BenzingaRatingsTable reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also commented on DDOG. Raymond James assumed coverage on Datadog in a research report on Monday, October 14th. They issued a market perform rating on the stock. Stifel Nicolaus increased their target price on Datadog from $40.00 to $43.00 and gave the company a buy rating in a research report on Wednesday, November 13th. Credit Suisse Group began coverage on Datadog in a research report on Wednesday, November 6th. They set a neutral rating and a $40.00 target price on the stock. They noted that the move was a valuation call. William Blair reiterated a buy rating on shares of Datadog in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group increased their target price on Datadog from $34.00 to $36.00 and gave the company a hold rating in a research report on Wednesday, November 13th. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $45.50.

Datadog stock traded down $1.47 during mid-day trading on Tuesday, hitting $47.03. The company had a trading volume of 8,370,462 shares, compared to its average volume of 2,469,531. The company has a current ratio of 4.94, a quick ratio of 4.94 and a debt-to-equity ratio of 0.07. Datadog has a 12-month low of $27.55 and a 12-month high of $50.12. The firm’s fifty day moving average is $41.78.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The company had revenue of $113.64 million during the quarter, compared to analysts’ expectations of $102.22 million. On average, equities research analysts forecast that Datadog will post -0.2 EPS for the current year.

In related news, CEO Olivier Pomel sold 62,500 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $40.99, for a total value of $2,561,875.00. Following the completion of the transaction, the chief executive officer now directly owns 109,600 shares of the company’s stock, valued at approximately $4,492,504. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael James Callahan sold 60,000 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $40.44, for a total value of $2,426,400.00. Following the completion of the transaction, the director now directly owns 151,407 shares of the company’s stock, valued at $6,122,899.08. The disclosure for this sale can be found here. Insiders have sold a total of 454,600 shares of company stock worth $18,786,304 in the last quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of DDOG. Index Venture Associates VI Ltd acquired a new position in Datadog in the 3rd quarter valued at $1,363,311,000. ICONIQ Capital LLC acquired a new position in Datadog in the 3rd quarter valued at $1,040,051,000. IA Venture Partners LLC acquired a new position in Datadog in the 4th quarter valued at $154,018,000. TimesSquare Capital Management LLC acquired a new position in Datadog in the 3rd quarter valued at $28,600,000. Finally, Fred Alger Management LLC acquired a new position in Datadog in the 4th quarter valued at $21,886,000. 33.13% of the stock is owned by hedge funds and other institutional investors.

Datadog Company Profile

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.

See Also: What is a Swap?

Analyst Recommendations for Datadog (NASDAQ:DDOG)

Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.com's FREE daily email newsletter.