Datadog (NASDAQ:DDOG) Stock Rating Reaffirmed by Stifel Nicolaus

Datadog (NASDAQ:DDOG)‘s stock had its “buy” rating reissued by Stifel Nicolaus in a research note issued on Monday, Benzinga reports. They currently have a $152.00 price objective on the stock. Stifel Nicolaus’ target price indicates a potential upside of 20.22% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a $150.00 price target on shares of Datadog in a research report on Friday, February 23rd. Robert W. Baird increased their price objective on shares of Datadog from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Royal Bank of Canada increased their price objective on shares of Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Mizuho increased 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. Finally, BMO Capital Markets reissued an “outperform” rating and set a $155.00 price objective (up previously from $140.00) on shares of Datadog in a research report on Wednesday, February 14th. Five investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.70.

Datadog Stock Performance

Shares of DDOG opened at $126.44 on Monday. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $41.96 billion, a P/E ratio of 1,053.67 and a beta of 1.16. The firm’s fifty day simple moving average is $125.53 and its two-hundred day simple moving average is $116.60. Datadog has a 12 month low of $62.60 and a 12 month high of $138.61.

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

Insider Transactions at Datadog

In other news, COO Adam Blitzer sold 20,892 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $128.58, for a total transaction of $2,686,293.36. Following the completion of the sale, the chief operating officer now owns 203,503 shares in the company, valued at approximately $26,166,415.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $135.10, for a total value of $17,171,885.50. Following the completion of the transaction, the chief technology officer now directly owns 247,328 shares of the company’s stock, valued at approximately $33,414,012.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Adam Blitzer sold 20,892 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $128.58, for a total transaction of $2,686,293.36. Following the completion of the transaction, the chief operating officer now directly owns 203,503 shares of the company’s stock, valued at $26,166,415.74. The disclosure for this sale can be found here. Insiders sold a total of 735,984 shares of company stock worth $94,617,681 in the last quarter. Insiders own 14.97% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Riverview Trust Co purchased a new position in Datadog in the 1st quarter worth $26,000. Anchor Investment Management LLC purchased a new position in shares of Datadog during the fourth quarter valued at about $25,000. Raleigh Capital Management Inc. purchased a new position in shares of Datadog during the fourth quarter valued at about $29,000. Private Trust Co. NA boosted its stake in Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $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 fourth quarter worth about $33,000. 78.29% of the stock is owned by institutional investors.

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.