Datadog (NASDAQ:DDOG) Receives Overweight Rating from Cantor Fitzgerald

Datadog (NASDAQ:DDOG)‘s stock had its “overweight” rating reissued by equities research analysts at Cantor Fitzgerald in a research report issued on Monday, Benzinga reports. They presently have a $150.00 target price on the stock. Cantor Fitzgerald’s target price points to a potential upside of 23.10% from the company’s current price.

A number of other research firms have also recently weighed in on DDOG. Needham & Company LLC restated a “buy” rating and set a $165.00 target price on shares of Datadog in a research note on Thursday, June 27th. JMP Securities upgraded Datadog to a “hold” rating in a report on Wednesday, May 8th. Robert W. Baird upgraded Datadog from a “neutral” rating to an “outperform” rating and increased their target price for the company from $130.00 to $140.00 in a research note on Wednesday, May 8th. Loop Capital reissued a “buy” rating and set a $160.00 price objective on shares of Datadog in a report on Friday, July 5th. Finally, BMO Capital Markets decreased their price target on Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and an average price target of $138.21.

Datadog Trading Up 2.4 %

NASDAQ:DDOG traded up $2.82 during trading hours on Monday, reaching $121.85. 2,201,364 shares of the company were exchanged, compared to its average volume of 4,065,665. Datadog has a 52-week low of $77.81 and a 52-week high of $138.61. The stock has a 50 day simple moving average of $121.11 and a 200 day simple moving average of $123.92. The firm has a market cap of $40.76 billion, a price-to-earnings ratio of 380.78, a PEG ratio of 39.19 and a beta of 1.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG) last posted 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. Datadog had a net margin of 5.11% and a return on equity of 7.48%. The firm had revenue of $611.25 million for the quarter, compared to analyst estimates of $589.97 million. As a group, analysts predict that Datadog will post 0.32 EPS for the current year.

Insider Buying and Selling at Datadog

In related news, CEO Olivier Pomel sold 23,924 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $130.05, for a total transaction of $3,111,316.20. Following the completion of the transaction, the chief executive officer now owns 337,247 shares of the company’s stock, valued at approximately $43,858,972.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Olivier Pomel sold 23,924 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $130.05, for a total transaction of $3,111,316.20. Following the transaction, the chief executive officer now owns 337,247 shares of the company’s stock, valued at $43,858,972.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Madre Armelle De sold 1,749 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $109.44, for a total transaction of $191,410.56. Following the completion of the sale, the insider now owns 93,774 shares in the company, valued at $10,262,626.56. The disclosure for this sale can be found here. Insiders have sold a total of 881,530 shares of company stock worth $106,911,095 over the last 90 days. Insiders own 11.78% of the company’s stock.

Hedge Funds Weigh In On Datadog

A number of institutional investors have recently modified their holdings of DDOG. CVA Family Office LLC acquired a new stake in Datadog during the 4th quarter worth $53,000. Pacer Advisors Inc. increased its stake in Datadog by 20.6% in the fourth quarter. Pacer Advisors Inc. now owns 23,261 shares of the company’s stock valued at $2,823,000 after purchasing an additional 3,974 shares in the last quarter. Connective Portfolio Management LLC acquired a new stake in Datadog in the fourth quarter worth $1,470,000. Columbia Trust Co 01012016 boosted its position in shares of Datadog by 14.6% during the fourth quarter. Columbia Trust Co 01012016 now owns 9,323 shares of the company’s stock worth $1,132,000 after purchasing an additional 1,185 shares in the last quarter. Finally, Planned Solutions Inc. bought a new position in shares of Datadog during the fourth quarter worth $91,000. 78.29% of the stock is owned by institutional investors.

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.