Datadog (NASDAQ:DDOG) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Datadog (NASDAQ:DDOG) in a research report released on Friday, MarketBeat Ratings reports. The firm issued an overweight rating and a $180.00 price target on the stock.

Other research analysts also recently issued reports about the company. Scotiabank dropped their price target on Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. Macquarie began coverage on Datadog in a report on Thursday, December 12th. They issued an “outperform” rating and a $200.00 target price on the stock. BMO Capital Markets boosted their price target on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Truist Financial lowered shares of Datadog from a “buy” rating to a “hold” rating and dropped their price objective for the company from $170.00 to $150.00 in a research note on Tuesday, January 7th. Finally, Citigroup boosted their target price on shares of Datadog from $150.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.45.

Datadog Trading Up 1.2 %

NASDAQ:DDOG opened at $138.40 on Friday. Datadog has a 12 month low of $98.80 and a 12 month high of $170.08. The stock has a market capitalization of $47.02 billion, a price-to-earnings ratio of 261.14, a PEG ratio of 16.31 and a beta of 1.14. The firm has a fifty day simple moving average of $145.75 and a two-hundred day simple moving average of $128.57.

Insider Activity

In other news, Director Matthew Jacobson sold 3,393 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $125.03, for a total value of $424,226.79. Following the completion of the transaction, the director now directly owns 695,086 shares of the company’s stock, valued at $86,906,602.58. This trade represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total value of $1,125,021.92. Following the sale, the director now owns 427,785 shares in the company, valued at approximately $60,796,804.20. The trade was a 1.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 617,679 shares of company stock valued at $88,668,671 in the last 90 days. Insiders own 11.78% of the company’s stock.

Hedge Funds Weigh In On Datadog

Several hedge funds have recently bought and sold shares of DDOG. Jennison Associates LLC boosted its holdings in Datadog by 2.1% in the 3rd quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after purchasing an additional 126,613 shares during the period. Geode Capital Management LLC raised its position in shares of Datadog by 2.5% in the third quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock worth $595,438,000 after buying an additional 125,457 shares in the last quarter. 1832 Asset Management L.P. grew its position in Datadog by 5.9% during the second quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock worth $322,487,000 after buying an additional 138,700 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Datadog by 2.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock worth $232,988,000 after acquiring an additional 46,746 shares during the last quarter. Finally, Holocene Advisors LP raised its holdings in shares of Datadog by 205.2% in the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after acquiring an additional 1,097,815 shares in the last quarter. 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.