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

Datadog, Inc. (NASDAQ:DDOGGet Free Report) has been given an average recommendation of “Moderate Buy” by the thirty analysts that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $137.50.

DDOG has been the topic of several research analyst 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. Wells Fargo & Company upgraded shares of Datadog from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $130.00 to $150.00 in a research report on Tuesday, April 23rd. Rosenblatt Securities reiterated a “buy” rating and issued a $146.00 target price on shares of Datadog in a research report on Monday, May 6th. JMP Securities upgraded shares of Datadog to a “hold” rating in a research report on Wednesday, May 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $152.00 target price on shares of Datadog in a research report on Monday, April 22nd.

View Our Latest Report on DDOG

Insider Activity

In other news, Director Titilope Cole sold 2,210 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $112.34, for a total value of $248,271.40. Following the sale, the director now directly owns 6,451 shares of the company’s stock, valued at approximately $724,705.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CRO Sean Michael Walters sold 10,000 shares of Datadog stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $129.86, for a total value of $1,298,600.00. Following the completion of the transaction, the executive now owns 162,706 shares in the company, valued at $21,129,001.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Titilope Cole sold 2,210 shares of Datadog stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $112.34, for a total transaction of $248,271.40. Following the completion of the transaction, the director now owns 6,451 shares of the company’s stock, valued at approximately $724,705.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 679,553 shares of company stock valued at $80,060,728. Company insiders own 11.78% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Riverview Trust Co acquired a new position in shares of Datadog in the first quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in shares of Datadog in the fourth quarter valued at approximately $25,000. Raleigh Capital Management Inc. acquired a new position in shares of Datadog in the fourth quarter valued at approximately $29,000. Private Trust Co. NA grew its holdings in Datadog by 743.3% during the 4th 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 acquired a new position in Datadog during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Up 0.4 %

DDOG stock opened at $119.54 on Friday. The firm has a market cap of $39.99 billion, a PE ratio of 373.56, a P/E/G ratio of 44.03 and a beta of 1.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. The firm’s fifty day moving average is $121.02 and its 200 day moving average is $122.77. Datadog has a one year low of $77.81 and a one year high of $138.61.

Datadog (NASDAQ:DDOGGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.20. The company had revenue of $611.25 million for the quarter, compared to analyst estimates of $589.97 million. Datadog had a net margin of 5.11% and a return on equity of 7.48%. On average, research analysts forecast that Datadog will post 0.27 EPS for the current year.

About Datadog

(Get Free Report

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.

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Analyst Recommendations for Datadog (NASDAQ:DDOG)

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