Datadog, Inc. (NASDAQ:DDOG) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Datadog, Inc. (NASDAQ:DDOG) have earned an average recommendation of “Moderate Buy” from the twenty-eight analysts that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and twenty-three have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $131.70.

Several analysts have weighed in on DDOG shares. Stifel Nicolaus reissued a “buy” rating and set a $152.00 price objective on shares of Datadog in a report on Monday. Wells Fargo & Company raised Datadog from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $130.00 to $150.00 in a report on Tuesday. Royal Bank of Canada boosted their price objective on Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Mizuho boosted their target price on Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $150.00 target price on shares of Datadog in a research report on Wednesday, April 17th.

Insiders Place Their Bets

In other Datadog news, CRO Sean Michael Walters sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $129.86, for a total transaction of $1,298,600.00. Following the completion of the transaction, the executive now owns 162,706 shares of the company’s stock, valued at approximately $21,129,001.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CRO Sean Michael Walters sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $129.86, for a total transaction of $1,298,600.00. Following the sale, the executive now owns 162,706 shares in the company, valued at approximately $21,129,001.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Amit Agarwal sold 33,311 shares of the company’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 value of $4,283,128.38. Following the sale, the president now owns 294,012 shares in the company, valued at approximately $37,804,062.96. The disclosure for this sale can be found here. Insiders sold a total of 735,984 shares of company stock valued at $94,617,681 in the last quarter. 14.97% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Datadog

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Datadog by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 27,259,414 shares of the company’s stock valued at $3,308,748,000 after acquiring an additional 734,539 shares during the period. Sands Capital Management LLC raised its stake in Datadog by 3.7% in the 4th quarter. Sands Capital Management LLC now owns 4,564,776 shares of the company’s stock valued at $554,073,000 after acquiring an additional 162,108 shares during the period. Norges Bank bought a new stake in Datadog in the 4th quarter valued at $384,986,000. Massachusetts Financial Services Co. MA raised its stake in Datadog by 31.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,733,448 shares of the company’s stock valued at $331,786,000 after acquiring an additional 651,244 shares during the period. Finally, 1832 Asset Management L.P. raised its stake in Datadog by 47.9% in the 4th quarter. 1832 Asset Management L.P. now owns 2,619,500 shares of the company’s stock valued at $317,955,000 after acquiring an additional 848,000 shares during the period. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Datadog stock opened at $127.07 on Friday. The stock has a 50-day simple moving average of $125.35 and a 200 day simple moving average of $116.67. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. Datadog has a 12-month low of $62.60 and a 12-month high of $138.61. The stock has a market capitalization of $42.17 billion, a price-to-earnings ratio of 1,058.92 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $589.65 million during the quarter, compared to analysts’ expectations of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) EPS. On average, research analysts anticipate that Datadog will post -0.14 earnings per share for the current fiscal year.

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.