Datadog, Inc. (NASDAQ:DDOG) Receives $136.04 Average PT from Brokerages

Shares of Datadog, Inc. (NASDAQ:DDOGGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-two research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, twenty-six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $136.89.

Several equities analysts have recently commented on DDOG shares. Rosenblatt Securities restated a “buy” rating and issued a $146.00 price objective on shares of Datadog in a research report on Monday, May 6th. Cantor Fitzgerald restated an “overweight” rating and issued a $150.00 price objective on shares of Datadog in a research report on Wednesday, April 17th. Monness Crespi & Hardt restated a “sell” rating and issued a $98.00 price objective (down from $290.00) on shares of Datadog in a research report on Friday, June 14th. Loop Capital restated a “buy” rating and issued a $160.00 price objective on shares of Datadog in a research report on Friday, July 5th. Finally, Wells Fargo & Company upgraded Datadog from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $130.00 to $150.00 in a research report on Tuesday, April 23rd.

Get Our Latest Stock Analysis on DDOG

Datadog Price Performance

NASDAQ DDOG opened at $126.29 on Thursday. The company has a market capitalization of $42.24 billion, a PE ratio of 394.66, a price-to-earnings-growth ratio of 43.59 and a beta of 1.11. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. The business’s fifty day moving average is $120.45 and its 200 day moving average is $123.68. Datadog has a fifty-two week low of $77.81 and a fifty-two week high of $138.61.

Datadog (NASDAQ:DDOGGet Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.20. The company had revenue of $611.25 million for the quarter, compared to the consensus estimate of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. Sell-side analysts predict that Datadog will post 0.32 earnings per share for the current year.

Insider Activity

In other news, CEO Olivier Pomel sold 200,993 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $131.01, for a total transaction of $26,332,092.93. Following the transaction, the chief executive officer now owns 324,539 shares of the company’s stock, valued at $42,517,854.39. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Olivier Pomel sold 200,993 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $131.01, for a total value of $26,332,092.93. Following the transaction, the chief executive officer now owns 324,539 shares of the company’s stock, valued at $42,517,854.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $130.75, for a total value of $16,618,978.75. Following the completion of the transaction, the chief technology officer now directly owns 279,025 shares in the company, valued at approximately $36,482,518.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 881,530 shares of company stock valued at $106,911,095. 11.78% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DDOG. Anchor Investment Management LLC bought a new stake in Datadog during the 4th quarter valued at $25,000. Riverview Trust Co bought a new stake in Datadog during the 1st quarter valued at $26,000. Raleigh Capital Management Inc. bought a new stake in Datadog during the 4th quarter valued at $29,000. Private Trust Co. NA boosted its position in Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after acquiring an additional 223 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in Datadog during the 4th quarter valued at $33,000. Institutional investors own 78.29% of the company’s stock.

About Datadog

(Get Free Report

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.

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Analyst Recommendations for Datadog (NASDAQ:DDOG)

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