Datadog (NASDAQ:DDOG) Stock Rating Reaffirmed by Robert W. Baird

Robert W. Baird reissued their outperform rating on shares of Datadog (NASDAQ:DDOGGet Rating) in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. They currently have a $120.00 price target on the stock.

A number of other equities analysts have also recently issued reports on DDOG. Barclays lowered their price objective on shares of Datadog from $150.00 to $130.00 and set an overweight rating for the company in a research report on Friday, August 5th. Raymond James lowered their price objective on shares of Datadog from $170.00 to $140.00 and set an outperform rating for the company in a research report on Friday, August 5th. BTIG Research reduced their target price on shares of Datadog to $137.00 in a report on Tuesday, August 9th. Royal Bank of Canada boosted their target price on shares of Datadog from $115.00 to $125.00 in a report on Friday, August 5th. Finally, Needham & Company LLC reduced their target price on shares of Datadog from $145.00 to $135.00 and set a buy rating on the stock in a report on Friday, August 5th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Datadog has an average rating of Moderate Buy and an average target price of $148.74.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $94.51 on Wednesday. The firm has a 50 day moving average of $101.87 and a 200-day moving average of $110.89. The stock has a market capitalization of $29.91 billion, a PE ratio of 9,460.46 and a beta of 1.13. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61. Datadog has a 12 month low of $81.12 and a 12 month high of $199.68.

Datadog (NASDAQ:DDOGGet Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. The business had revenue of $406.14 million during the quarter, compared to analysts’ expectations of $381.28 million. Datadog had a net margin of 0.48% and a return on equity of 2.24%. The firm’s quarterly revenue was up 73.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) EPS. On average, equities research analysts predict that Datadog will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Julie Richardson sold 3,906 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $93.69, for a total transaction of $365,953.14. Following the transaction, the director now directly owns 3,932 shares of the company’s stock, valued at $368,389.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Datadog news, Director Julie Richardson sold 3,906 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $93.69, for a total transaction of $365,953.14. Following the transaction, the director now owns 3,932 shares in the company, valued at $368,389.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Amit Agarwal sold 2,500 shares of the company’s stock in a transaction on Friday, July 8th. The stock was sold at an average price of $104.88, for a total transaction of $262,200.00. Following the transaction, the insider now owns 184,833 shares in the company, valued at approximately $19,385,285.04. The disclosure for this sale can be found here. Insiders have sold a total of 94,052 shares of company stock valued at $10,159,510 over the last ninety days. 15.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DDOG. Optimum Investment Advisors acquired a new position in Datadog during the fourth quarter worth $27,000. Riverview Trust Co purchased a new position in Datadog during the first quarter worth about $27,000. SJS Investment Consulting Inc. bought a new stake in Datadog in the 1st quarter worth about $27,000. Catalyst Capital Advisors LLC purchased a new stake in Datadog in the 1st quarter valued at about $27,000. Finally, Global Retirement Partners LLC bought a new position in shares of Datadog during the 2nd quarter worth approximately $27,000. Institutional investors and hedge funds own 71.98% of the company’s stock.

Datadog Company Profile

(Get Rating)

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.

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