Analysts Set Datadog, Inc. (NASDAQ:DDOG) Price Target at $136.04

Shares of Datadog, Inc. (NASDAQ:DDOG) have earned an average rating of “Moderate Buy” from the thirty-two research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $136.89.

DDOG has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $165.00 target price on shares of Datadog in a research note on Thursday, June 27th. Baird R W upgraded shares of Datadog from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 8th. Robert W. Baird upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $130.00 to $140.00 in a research note on Wednesday, May 8th. BMO Capital Markets lowered their target price on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Finally, JMP Securities raised shares of Datadog to a “hold” rating in a research report on Wednesday, May 8th.

Datadog Stock Performance

NASDAQ:DDOG opened at $126.29 on Thursday. The company has a fifty day simple moving average of $120.45 and a two-hundred day simple moving average of $123.68. The company has a market cap of $42.24 billion, a price-to-earnings ratio of 394.66, a price-to-earnings-growth ratio of 43.59 and a beta of 1.11. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34. Datadog has a 52 week low of $77.81 and a 52 week high of $138.61.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. The firm had revenue of $611.25 million during the quarter, compared to the consensus estimate of $589.97 million. Datadog had a net margin of 5.11% and a return on equity of 7.48%. As a group, equities analysts anticipate that Datadog will post 0.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Olivier Pomel sold 200,993 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $131.01, for a total transaction of $26,332,092.93. Following the completion of the transaction, the chief executive officer now directly owns 324,539 shares of the company’s stock, valued at $42,517,854.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Datadog news, insider Madre Armelle De sold 300 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $113.37, for a total transaction of $34,011.00. Following the transaction, the insider now directly owns 100,053 shares in the company, valued at $11,343,008.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Olivier Pomel sold 200,993 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $131.01, for a total transaction of $26,332,092.93. Following the transaction, the chief executive officer now owns 324,539 shares in the company, valued at $42,517,854.39. The disclosure for this sale can be found here. Insiders sold 881,530 shares of company stock valued at $106,911,095 over the last ninety days. Corporate insiders own 11.78% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC acquired a new position in Datadog during the fourth quarter worth about $25,000. Riverview Trust Co acquired a new position in Datadog during the first quarter worth about $26,000. Raleigh Capital Management Inc. acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $29,000. Private Trust Co. NA grew its position in shares of Datadog by 743.3% in the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after purchasing an additional 223 shares during the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $33,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.