Jefferies Financial Group Raises Datadog (NASDAQ:DDOG) Price Target to $170.00

Datadog (NASDAQ:DDOG) had its price objective boosted by research analysts at Jefferies Financial Group from $155.00 to $170.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 16.41% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on DDOG. Wedbush upgraded Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. DA Davidson boosted their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. TD Cowen restated a “buy” rating and issued a $165.00 target price on shares of Datadog in a research note on Tuesday, November 19th. BNP Paribas began coverage on shares of Datadog in a report on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 price target on the stock. Finally, Macquarie began coverage on Datadog in a report on Thursday, December 12th. They set an “outperform” rating and a $200.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.18.

Datadog Stock Up 0.8 %

DDOG traded up $1.21 on Monday, reaching $146.04. 1,703,305 shares of the company traded hands, compared to its average volume of 2,065,531. The company has a market cap of $49.61 billion, a P/E ratio of 275.55, a price-to-earnings-growth ratio of 20.27 and a beta of 1.14. The firm has a fifty day simple moving average of $143.24 and a two-hundred day simple moving average of $127.46. Datadog has a one year low of $98.80 and a one year high of $170.08.

Insiders Place Their Bets

In other Datadog news, CRO Sean Michael Walters sold 2,322 shares of Datadog stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $125.00, for a total transaction of $290,250.00. Following the transaction, the executive now directly owns 183,512 shares of the company’s stock, valued at $22,939,000. The trade was a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at approximately $61,236,887.04. This trade represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 661,667 shares of company stock worth $92,334,860. Corporate insiders own 11.78% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DDOG. Pathstone Holdings LLC grew its stake in shares of Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after buying an additional 91 shares in the last quarter. GAMMA Investing LLC increased its stake in Datadog by 19.5% during the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after purchasing an additional 92 shares during the period. Parallel Advisors LLC lifted its position in shares of Datadog by 3.5% during the second quarter. Parallel Advisors LLC now owns 3,076 shares of the company’s stock worth $399,000 after purchasing an additional 105 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after purchasing an additional 115 shares during the period. Finally, Hudock Inc. grew its holdings in shares of Datadog by 3.3% in the third quarter. Hudock Inc. now owns 3,596 shares of the company’s stock valued at $414,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

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.