Analysts’ Recent Ratings Updates for Datadog (DDOG)

A number of research firms have changed their ratings and price targets for Datadog (NASDAQ: DDOG):

• 7/22/2024 – Datadog had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $150.00 price target on the stock.
• 7/16/2024 – Datadog was upgraded by analysts at Mizuho from a “neutral” rating to an “outperform” rating. They now have a $155.00 price target on the stock, up previously from $135.00.
• 7/15/2024 – Datadog is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $150.00 price target on the stock.
• 7/5/2024 – Datadog had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $160.00 price target on the stock.
• 6/27/2024 – Datadog had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $165.00 price target on the stock.
• 6/26/2024 – Datadog had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $155.00 price target on the stock.
• 6/14/2024 – Datadog had its “sell” rating reaffirmed by analysts at Monness Crespi & Hardt. They now have a $98.00 price target on the stock, down previously from $290.00.
• 5/30/2024 – Datadog was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $155.00 price target on the stock, up previously from $143.00.

Datadog Price Performance

Shares of DDOG traded up $0.53 during trading hours on Thursday, hitting $117.85. 577,299 shares of the company were exchanged, compared to its average volume of 4,032,508. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 3.43. The company has a market capitalization of $39.42 billion, a PE ratio of 368.28, a PEG ratio of 40.57 and a beta of 1.11. The firm has a fifty day simple moving average of $121.28 and a 200-day simple moving average of $123.99. Datadog, Inc. has a one year low of $77.81 and a one year high of $138.61.

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

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 85,637 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $125.41, for a total transaction of $10,739,736.17. Following the transaction, the chief executive officer now directly owns 337,247 shares of the company’s stock, valued at $42,294,146.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Olivier Pomel sold 85,637 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $125.41, for a total value of $10,739,736.17. Following the completion of the sale, the chief executive officer now directly owns 337,247 shares of the company’s stock, valued at $42,294,146.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Madre Armelle De sold 300 shares of the business’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 transaction, the insider now directly owns 100,053 shares in the company, valued at $11,343,008.61. The disclosure for this sale can be found here. Insiders sold a total of 857,606 shares of company stock valued at $103,799,779 over the last quarter. Company insiders own 11.78% of the company’s stock.

Institutional Trading of Datadog

Several hedge funds and other institutional investors have recently modified their holdings of DDOG. Riverview Trust Co acquired a new position in Datadog in the 1st quarter worth about $26,000. Raleigh Capital Management Inc. bought a new stake in shares of Datadog in the 4th quarter valued at approximately $29,000. Private Trust Co. NA grew its stake in shares of Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after buying an additional 223 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Datadog during the fourth quarter valued at approximately $33,000. Finally, Quest Partners LLC acquired a new stake in Datadog in the fourth quarter valued at approximately $36,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

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.