Datadog (NASDAQ:DDOG) Research Coverage Started at Cantor Fitzgerald

Analysts at Cantor Fitzgerald began coverage on shares of Datadog (NASDAQ:DDOGGet Rating) in a research report issued on Wednesday, The Fly reports. The brokerage set an “overweight” rating on the stock.

DDOG has been the topic of a number of other research reports. Morgan Stanley decreased their target price on Datadog from $124.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, December 19th. Canaccord Genuity Group raised shares of Datadog from a “hold” rating to a “buy” rating and cut their target price for the stock from $120.00 to $110.00 in a research note on Thursday, October 20th. Oppenheimer upgraded shares of Datadog from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a research report on Wednesday, December 14th. Barclays lowered their price objective on Datadog from $98.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, January 10th. Finally, Truist Financial reduced their target price on Datadog from $155.00 to $120.00 in a report on Wednesday, October 26th. Five investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average target price of $116.30.

Datadog Stock Performance

DDOG traded down $2.98 during trading on Wednesday, reaching $70.71. 9,697,056 shares of the company’s stock were exchanged, compared to its average volume of 4,633,922. Datadog has a 1 year low of $61.34 and a 1 year high of $184.70. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.23 and a quick ratio of 3.23. The stock has a market capitalization of $22.45 billion, a P/E ratio of -1,414.20 and a beta of 1.02. The company’s fifty day simple moving average is $73.02 and its 200-day simple moving average is $86.35.

Datadog (NASDAQ:DDOGGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Datadog had a negative net margin of 0.91% and a positive return on equity of 0.60%. The company had revenue of $436.53 million during the quarter, compared to analyst estimates of $412.15 million. As a group, research analysts predict that Datadog will post -0.1 earnings per share for the current fiscal year.

Insider Activity

In other Datadog news, Director Matthew Jacobson acquired 710,429 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was purchased at an average cost of $69.45 per share, with a total value of $49,339,294.05. Following the transaction, the director now owns 423,218 shares of the company’s stock, valued at $29,392,490.10. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Matthew Jacobson acquired 710,429 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was purchased at an average price of $69.45 per share, with a total value of $49,339,294.05. Following the transaction, the director now owns 423,218 shares of the company’s stock, valued at approximately $29,392,490.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexis Le-Quoc sold 71,364 shares of Datadog stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $78.96, for a total transaction of $5,634,901.44. Following the completion of the sale, the insider now owns 189,029 shares of the company’s stock, valued at approximately $14,925,729.84. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 1,150,006 shares of company stock valued at $79,339,605 and have sold 269,888 shares valued at $19,904,866. Corporate insiders own 15.80% of the company’s stock.

Institutional Trading of Datadog

A number of institutional investors and hedge funds have recently bought and sold shares of DDOG. Quadrant Capital Group LLC raised its position in Datadog by 29.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 895 shares of the company’s stock valued at $85,000 after purchasing an additional 204 shares in the last quarter. Aviva PLC raised its holdings in Datadog by 92.2% in the second quarter. Aviva PLC now owns 148,390 shares of the company’s stock valued at $14,133,000 after acquiring an additional 71,202 shares in the last quarter. Alta Advisers Ltd purchased a new position in Datadog in the third quarter worth approximately $80,000. US Bancorp DE grew its holdings in Datadog by 45.7% during the 2nd quarter. US Bancorp DE now owns 15,890 shares of the company’s stock worth $1,513,000 after acquiring an additional 4,986 shares in the last quarter. Finally, M&G Investment Management Ltd. increased its position in shares of Datadog by 5.3% in the 2nd quarter. M&G Investment Management Ltd. now owns 9,874 shares of the company’s stock valued at $938,000 after purchasing an additional 501 shares during the last quarter. 70.93% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Company Profile

(Get Rating)

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

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