Datadog’s (DDOG) Overweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Datadog (NASDAQ:DDOG) in a report released on Wednesday morning, Benzinga reports. They currently have a $150.00 target price on the stock.

A number of other equities analysts also recently weighed in on the company. BMO Capital Markets restated an outperform rating and issued a $155.00 target price (up previously from $140.00) on shares of Datadog in a research note on Wednesday, February 14th. Mizuho raised their target price on Datadog from $108.00 to $130.00 and gave the company a neutral rating in a research report on Wednesday, February 14th. Robert W. Baird boosted their price target on shares of Datadog from $120.00 to $130.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. Barclays boosted their price target on shares of Datadog from $138.00 to $152.00 and gave the stock an overweight rating in a report on Wednesday, February 14th. Finally, Royal Bank of Canada boosted their price target on shares of Datadog from $145.00 to $151.00 and gave the stock an outperform rating in a report on Wednesday, February 14th. Six investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $130.52.

Datadog Stock Down 2.7 %

Shares of NASDAQ:DDOG opened at $123.55 on Wednesday. The business’s 50 day moving average is $126.31 and its 200 day moving average is $115.49. Datadog has a 12-month low of $62.60 and a 12-month high of $138.61. The stock has a market cap of $41.00 billion, a price-to-earnings ratio of 1,029.58 and a beta of 1.15. 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 (NASDAQ:DDOG) last posted its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The firm had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. During the same quarter in the prior year, the business posted ($0.08) EPS. The business’s revenue was up 25.6% compared to the same quarter last year. On average, sell-side analysts forecast that Datadog will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Adam Blitzer sold 20,892 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $128.58, for a total transaction of $2,686,293.36. Following the sale, the chief operating officer now directly owns 203,503 shares in the company, valued at $26,166,415.74. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Madre Armelle De sold 600 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $125.34, for a total value of $75,204.00. Following the transaction, the insider now directly owns 100,353 shares in the company, valued at $12,578,245.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Adam Blitzer sold 20,892 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 transaction of $2,686,293.36. Following the completion of the transaction, the chief operating officer now owns 203,503 shares in the company, valued at $26,166,415.74. The disclosure for this sale can be found here. Insiders have sold a total of 745,984 shares of company stock worth $95,917,681 over the last ninety days. Company insiders own 14.97% of the company’s stock.

Institutional Inflows and Outflows

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

Datadog Company Profile

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.