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

Datadog, Inc. (NASDAQ:DDOG) has received a consensus recommendation of “Moderate Buy” from the thirty-two analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, twenty-three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $158.46.

Several brokerages have commented on DDOG. Wells Fargo & Company lowered shares of Datadog from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $152.00 to $140.00 in a research report on Thursday. Rosenblatt Securities lifted their target price on shares of Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday. Citigroup lifted their target price on shares of Datadog from $157.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and reduced their target price for the stock from $165.00 to $140.00 in a research note on Wednesday, January 29th. Finally, Truist Financial downgraded shares of Datadog from a “buy” rating to a “hold” rating and reduced their target price for the stock from $170.00 to $150.00 in a research note on Tuesday, January 7th.

Datadog Trading Down 8.2 %

NASDAQ:DDOG opened at $135.89 on Friday. The stock has a market capitalization of $46.16 billion, a price-to-earnings ratio of 256.40, a PEG ratio of 16.83 and a beta of 1.15. The firm has a fifty day simple moving average of $146.40 and a two-hundred day simple moving average of $130.89. Datadog has a 12 month low of $98.80 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 7.58% and a return on equity of 9.41%. Equities analysts predict that Datadog will post 0.53 earnings per share for the current fiscal year.

Insider Activity at Datadog

In other Datadog news, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the transaction, the director now directly owns 435,701 shares of the company’s stock, valued at approximately $67,642,580.25. The trade was a 1.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $61,236,887.04. The trade was a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 627,586 shares of company stock worth $92,540,479 in the last three months. 11.78% of the stock is owned by insiders.

Institutional Trading of Datadog

Hedge funds and other institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC grew its position in shares of Datadog by 172.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock worth $4,469,000 after buying an additional 24,574 shares during the period. Heritage Investors Management Corp bought a new position in Datadog during the 3rd quarter valued at about $1,157,000. Atom Investors LP bought a new position in Datadog during the 3rd quarter valued at about $1,112,000. Parnassus Investments LLC lifted its stake in Datadog by 28.4% during the 3rd quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock valued at $21,324,000 after acquiring an additional 40,952 shares during the period. Finally, Jennison Associates LLC lifted its stake in Datadog by 2.1% during the 3rd quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after acquiring an additional 126,613 shares during the period. 78.29% of the stock is owned by hedge funds and other 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.