Datadog (NASDAQ:DDOG) Given New $165.00 Price Target at DA Davidson

Datadog (NASDAQ:DDOG) had its price target lifted by DA Davidson from $150.00 to $165.00 in a report published on Monday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Several other research analysts have also issued reports on the company. Morgan Stanley restated an “equal weight” rating and set a $143.00 target price on shares of Datadog in a research report on Thursday, January 16th. Mizuho boosted their price objective on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, December 13th. TD Cowen reiterated a “buy” rating and issued a $165.00 target price on shares of Datadog in a research note on Tuesday, November 19th. Loop Capital lifted their target price on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, 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 report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average target price of $158.10.

Datadog Trading Up 3.1 %

Shares of DDOG opened at $147.10 on Monday. The company’s fifty day simple moving average is $147.06 and its 200-day simple moving average is $130.39. The company has a market cap of $49.97 billion, a P/E ratio of 277.55, a P/E/G ratio of 16.83 and a beta of 1.15. Datadog has a twelve month low of $98.80 and a twelve month high of $170.08.

Insider Transactions 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 sale, the president now directly owns 214,275 shares of the company’s stock, valued at $27,005,078.25. The trade was a 41.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the transaction, the chief executive officer now owns 379,693 shares of the company’s stock, valued at $61,236,887.04. This trade represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 777,586 shares of company stock valued at $111,444,979 in the last quarter. 11.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Allworth Financial LP lifted its position in Datadog by 7.7% during the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock valued at $146,000 after purchasing an additional 75 shares during the period. Spire Wealth Management lifted its holdings in shares of Datadog by 21.4% in the 4th quarter. Spire Wealth Management now owns 453 shares of the company’s stock valued at $65,000 after buying an additional 80 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after buying an additional 81 shares during the last quarter. Pathstone Holdings LLC boosted its stake in shares of Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after buying an additional 91 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Datadog by 19.5% during the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after acquiring an additional 92 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

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.