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

Shares of Datadog, Inc. (NASDAQ:DDOG) have been given a consensus recommendation of “Moderate Buy” by the thirty-two research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, twenty-six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $158.45.

A number of brokerages have recently issued reports on DDOG. UBS Group reissued an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. Mizuho upped their target price on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Cantor Fitzgerald began coverage on Datadog in a report on Friday. They issued an “overweight” rating and a $180.00 target price on the stock. Robert W. Baird increased their price objective on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Scotiabank dropped their target price on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th.

Insider Activity at Datadog

In related news, Director Matthew Jacobson sold 3,393 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were 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 in the company, valued at $86,906,602.58. The trade was a 0.49 % decrease in their position. The sale 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 dated Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total value of $1,125,021.92. Following the completion of the transaction, the director now directly owns 427,785 shares of the company’s stock, valued at approximately $60,796,804.20. This trade represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 617,679 shares of company stock valued at $88,668,671 in the last three months. Company insiders own 11.78% of the company’s stock.

Institutional Trading of Datadog

Several hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC increased its holdings in Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in Datadog during the 4th quarter valued at about $30,000. Avior Wealth Management LLC raised its holdings 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 period. Meeder Asset Management Inc. lifted its position in shares of Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Datadog during the third quarter valued at approximately $33,000. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Up 1.2 %

DDOG opened at $138.40 on Monday. Datadog has a twelve month low of $98.80 and a twelve month high of $170.08. The stock has a market capitalization of $47.02 billion, a price-to-earnings ratio of 261.14, a P/E/G ratio of 16.31 and a beta of 1.14. The company has a 50-day simple moving average of $146.03 and a 200 day simple moving average of $128.60.

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.