Datadog (NASDAQ:DDOG) Rating Reiterated by Wedbush

Wedbush reiterated their outperform rating on shares of Datadog (NASDAQ:DDOG) in a report released on Monday, Benzinga reports. The firm currently has a $155.00 price target on the stock.

A number of other brokerages have also recently commented on DDOG. William Blair reaffirmed an outperform rating on shares of Datadog in a report on Friday, February 16th. Needham & Company LLC lifted their target price on Datadog from $125.00 to $165.00 and gave the company a buy rating in a research note on Tuesday, February 13th. Truist Financial upped their price target on Datadog from $140.00 to $155.00 and gave the stock a buy rating in a research note on Wednesday, February 14th. Cantor Fitzgerald reiterated an overweight rating and issued a $150.00 price objective on shares of Datadog in a research report on Wednesday, April 17th. Finally, Mizuho upped their price objective on shares of Datadog from $108.00 to $130.00 and gave the stock a neutral rating in a research report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $135.58.

Datadog Stock Down 1.2 %

Datadog stock opened at $115.87 on Monday. The stock has a 50-day simple moving average of $124.30 and a 200-day simple moving average of $119.14. The company has a market capitalization of $38.45 billion, a P/E ratio of 965.58 and a beta of 1.14. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. Datadog has a fifty-two week low of $77.81 and a fifty-two week high of $138.61.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $589.65 million during the quarter, compared to the consensus estimate of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The company’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.08) earnings per share. Equities research analysts expect that Datadog will post -0.14 earnings per share for the current year.

Insider Activity at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction 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 sale, the chief technology officer now owns 247,328 shares in the company, valued at $33,414,012.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Madre Armelle De sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $113.37, for a total transaction of $34,011.00. Following the completion of the transaction, the insider now owns 100,053 shares of the company’s stock, valued at $11,343,008.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Monday, February 12th. The shares were sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the completion of the transaction, the chief technology officer now owns 247,328 shares in the company, valued at approximately $33,414,012.80. The disclosure for this sale can be found here. Insiders have sold a total of 712,530 shares of company stock valued at $91,195,791 over the last quarter. Insiders own 11.78% of the company’s stock.

Institutional Trading of Datadog

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Riverview Trust Co purchased a new stake in Datadog during the first quarter valued at about $26,000. Anchor Investment Management LLC acquired a new position in shares of Datadog in the 4th quarter valued at about $25,000. Raleigh Capital Management Inc. purchased a new stake in shares of Datadog during the 4th quarter worth about $29,000. Private Trust Co. NA increased its position in Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in Datadog during the 4th quarter worth approximately $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.