Brokerages Set Datadog, Inc. (NASDAQ:DDOG) PT at $136.04

Datadog, Inc. (NASDAQ:DDOG) has been assigned an average recommendation of “Moderate Buy” from the thirty-two analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, twenty-six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $136.89.

DDOG has been the subject of several research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 target price on shares of Datadog in a research report on Wednesday, April 17th. Robert W. Baird raised Datadog from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $130.00 to $140.00 in a report on Wednesday, May 8th. Loop Capital reissued a “buy” rating and issued a $160.00 price target on shares of Datadog in a report on Friday. Bank of America raised Datadog from a “neutral” rating to a “buy” rating and raised their price target for the stock from $143.00 to $155.00 in a report on Thursday, May 30th. Finally, Barclays cut their price target on Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th.

Insider Activity

In related news, CFO David M. Obstler sold 15,000 shares of Datadog stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $130.28, for a total value of $1,954,200.00. Following the transaction, the chief financial officer now directly owns 275,191 shares in the company, valued at approximately $35,851,883.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Adam Blitzer sold 11,946 shares of Datadog stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $109.45, for a total value of $1,307,489.70. Following the transaction, the chief operating officer now directly owns 236,640 shares in the company, valued at approximately $25,900,248. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David M. Obstler sold 15,000 shares of Datadog stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $130.28, for a total value of $1,954,200.00. Following the completion of the transaction, the chief financial officer now owns 275,191 shares in the company, valued at $35,851,883.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 705,537 shares of company stock worth $83,831,802. 11.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Anchor Investment Management LLC purchased a new position in shares of Datadog during the fourth quarter valued at $25,000. Riverview Trust Co purchased a new position in shares of Datadog during the first quarter valued at $26,000. Raleigh Capital Management Inc. purchased a new position in shares of Datadog during the fourth quarter valued at $29,000. Private Trust Co. NA grew its holdings in shares of Datadog by 743.3% during the fourth 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. Finally, Jones Financial Companies Lllp purchased a new position in shares of Datadog during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Shares of DDOG opened at $132.40 on Thursday. The firm has a market cap of $44.29 billion, a price-to-earnings ratio of 413.75, a PEG ratio of 44.31 and a beta of 1.11. The stock has a 50 day moving average of $120.43 and a 200-day moving average of $123.63. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34. Datadog has a 52 week low of $77.81 and a 52 week high of $138.61.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.20. The company had revenue of $611.25 million during the quarter, compared to analyst estimates of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. As a group, analysts forecast that Datadog will post 0.32 EPS for the current year.

Datadog Company Profile

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.