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

Datadog, Inc. (NASDAQ:DDOG) has received a consensus rating of “Moderate Buy” from the thirty ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $157.04.

A number of equities research analysts recently commented on DDOG shares. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Thursday, November 7th. Robert W. Baird lifted their price objective on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Mizuho increased their target price on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, UBS Group reissued an “underperform” rating on shares of Datadog in a research report on Friday, October 18th.

Insider Buying and Selling at Datadog

In other news, President Amit Agarwal sold 150,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the transaction, the president now directly owns 214,275 shares of the company’s stock, valued at approximately $27,005,078.25. The trade was a 41.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Shardul Shah sold 15,832 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $120.02, for a total transaction of $1,900,156.64. Following the completion of the transaction, the director now owns 459,449 shares of the company’s stock, valued at $55,143,068.98. This trade represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 740,588 shares of company stock valued at $101,329,606 over the last three months. 11.78% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jennison Associates LLC raised its stake in shares of 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 in the last quarter. Geode Capital Management LLC increased its holdings in Datadog by 2.5% in the third quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock valued at $595,438,000 after buying an additional 125,457 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Datadog by 9.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock valued at $511,620,000 after buying an additional 331,808 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in Datadog by 5.9% during the 2nd 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 during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Datadog stock opened at $148.40 on Thursday. Datadog has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The firm has a market capitalization of $50.41 billion, a price-to-earnings ratio of 280.01, a price-to-earnings-growth ratio of 20.27 and a beta of 1.11. The stock’s fifty day moving average is $140.09 and its two-hundred day moving average is $125.87.

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.