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

Datadog, Inc. (NASDAQ:DDOG) has been given a consensus recommendation of “Moderate Buy” by the thirty-one analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, twenty-five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $136.04.

DDOG has been the subject of several recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $150.00 price objective on shares of Datadog in a research note on Wednesday, April 17th. Barclays reduced their price target on Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Bank of America raised Datadog from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $143.00 to $155.00 in a research report on Thursday, May 30th. Monness Crespi & Hardt restated a “sell” rating and set a $98.00 target price (down from $290.00) on shares of Datadog in a research note on Friday. Finally, Robert W. Baird upgraded Datadog from a “neutral” rating to an “outperform” rating and increased their price target for the company from $130.00 to $140.00 in a research note on Wednesday, May 8th.

Datadog Trading Down 1.4 %

Shares of NASDAQ:DDOG opened at $117.84 on Friday. The company has a market capitalization of $39.42 billion, a PE ratio of 368.25, a P/E/G ratio of 46.58 and a beta of 1.09. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34. Datadog has a 12-month low of $77.81 and a 12-month high of $138.61. The business’s fifty day simple moving average is $120.89 and its 200-day simple moving average is $122.87.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.20. The company had revenue of $611.25 million for the quarter, compared to the consensus estimate of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. As a group, equities research analysts predict that Datadog will post 0.27 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO David M. Obstler sold 15,000 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $130.28, for a total transaction of $1,954,200.00. Following the sale, the chief financial officer now directly owns 275,191 shares of the company’s stock, valued at $35,851,883.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Madre Armelle De sold 300 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $113.37, for a total value of $34,011.00. Following the completion of the sale, the insider now owns 100,053 shares of the company’s stock, valued at approximately $11,343,008.61. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO David M. Obstler sold 15,000 shares of the stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $130.28, for a total transaction of $1,954,200.00. Following the transaction, the chief financial officer now directly owns 275,191 shares in the company, valued at $35,851,883.48. The disclosure for this sale can be found here. Insiders sold a total of 679,553 shares of company stock valued at $80,060,728 in the last three months. 11.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Anchor Investment Management LLC purchased a new stake in Datadog during the 4th quarter worth approximately $25,000. Riverview Trust Co purchased a new position in Datadog in the 1st quarter valued at $26,000. Raleigh Capital Management Inc. acquired a new stake in Datadog during the 4th quarter worth $29,000. Private Trust Co. NA grew its holdings in shares of Datadog by 743.3% during the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after buying an additional 223 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Datadog in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.