Jefferies Financial Group Issues Positive Forecast for Datadog (NASDAQ:DDOG) Stock Price

Datadog (NASDAQ:DDOG) had its price target hoisted by Jefferies Financial Group from $155.00 to $170.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently commented on DDOG. Citigroup boosted their target price on shares of Datadog from $150.00 to $157.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Rosenblatt Securities increased their target price on shares of Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a research report on Friday, November 8th. BNP Paribas assumed coverage on shares of Datadog in a research note on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 target price for the company. Truist Financial upped their price target on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, TD Cowen reissued a “buy” rating and issued a $165.00 price objective on shares of Datadog in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.46.

Datadog Trading Up 0.3 %

Shares of NASDAQ:DDOG opened at $141.88 on Monday. The company has a market capitalization of $48.20 billion, a PE ratio of 267.70, a P/E/G ratio of 20.27 and a beta of 1.14. Datadog has a 12-month low of $98.80 and a 12-month high of $170.08. The business’s fifty day simple moving average is $144.16 and its 200-day simple moving average is $127.94.

Insider Activity at Datadog

In other news, Director Matthew Jacobson sold 3,393 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $125.03, for a total transaction of $424,226.79. Following the transaction, the director now owns 695,086 shares in the company, valued at $86,906,602.58. This trade represents a 0.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $126.67, for a total transaction of $1,002,719.72. Following the completion of the sale, the director now directly owns 451,533 shares of the company’s stock, valued at approximately $57,195,685.11. The trade was a 1.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 626,012 shares of company stock worth $87,854,652. 11.78% of the stock is owned by company insiders.

Institutional Trading of Datadog

A number of institutional investors and hedge funds have recently modified their holdings of the stock. True Wealth Design LLC boosted its holdings in Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares during the last quarter. Meeder Asset Management Inc. lifted its position 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 acquiring an additional 115 shares in the last quarter. Quarry LP acquired a new stake in shares of Datadog in the third quarter worth approximately $33,000. American National Bank & Trust purchased a new stake in shares of Datadog during the third quarter worth approximately $39,000. Finally, ORG Wealth Partners LLC acquired a new position in Datadog in the 3rd quarter valued at $44,000. 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.