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

Datadog, Inc. (NASDAQ:DDOG – Get Rating) has been assigned an average rating of “Moderate Buy” from the thirty-one analysts that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $110.70.

DDOG has been the subject of a number of recent research reports. Wedbush initiated coverage on Datadog in a research note on Wednesday, December 14th. They set an “outperform” rating and a $101.00 price objective for the company. Citigroup boosted their price target on Datadog from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, March 2nd. Cantor Fitzgerald started coverage on Datadog in a report on Wednesday, January 25th. They issued an “overweight” rating and a $95.00 price target on the stock. Needham & Company LLC boosted their price target on Datadog from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 17th. Finally, Canaccord Genuity Group lowered their price target on Datadog from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, February 21st.

Insider Activity at Datadog

In related news, CRO Sean Michael Walters sold 15,195 shares of the stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $73.69, for a total transaction of $1,119,719.55. Following the sale, the executive now owns 141,774 shares in the company, valued at approximately $10,447,326.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the company’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $73.98, for a total value of $6,335,425.26. Following the transaction, the chief executive officer now owns 243,282 shares of the company’s stock, valued at approximately $17,998,002.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Sean Michael Walters sold 15,195 shares of the company’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $73.69, for a total value of $1,119,719.55. Following the completion of the transaction, the executive now directly owns 141,774 shares in the company, valued at approximately $10,447,326.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 562,140 shares of company stock worth $41,618,118. Company insiders own 15.80% of the company’s stock.

Hedge Funds Weigh In On Datadog

Several hedge funds have recently bought and sold shares of DDOG. Cigna Investments Inc. New grew its position in shares of Datadog by 4.9% during the 3rd quarter. Cigna Investments Inc. New now owns 2,898 shares of the company’s stock worth $258,000 after buying an additional 135 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of Datadog by 0.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 44,217 shares of the company’s stock worth $3,250,000 after buying an additional 154 shares in the last quarter. Albert D Mason Inc. grew its position in shares of Datadog by 5.1% during the 3rd quarter. Albert D Mason Inc. now owns 3,262 shares of the company’s stock worth $290,000 after buying an additional 157 shares in the last quarter. E Fund Management Co. Ltd. grew its position in shares of Datadog by 6.0% during the 3rd quarter. E Fund Management Co. Ltd. now owns 2,866 shares of the company’s stock worth $254,000 after buying an additional 163 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Datadog by 26.3% during the 3rd quarter. UMB Bank n.a. now owns 792 shares of the company’s stock worth $70,000 after buying an additional 165 shares in the last quarter. Institutional investors own 70.93% of the company’s stock.

Datadog Trading Up 2.5 %

Shares of NASDAQ:DDOG opened at $69.21 on Friday. The stock has a 50 day moving average of $75.05 and a 200 day moving average of $79.69. The company has a market cap of $22.14 billion, a PE ratio of -432.56 and a beta of 0.99. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.52. Datadog has a 12-month low of $61.34 and a 12-month high of $159.00.

Datadog (NASDAQ:DDOG – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The company had revenue of $469.40 million during the quarter, compared to the consensus estimate of $447.02 million. Datadog had a negative return on equity of 2.61% and a negative net margin of 2.99%. As a group, equities research analysts expect that Datadog will post -0.1 EPS for the current year.

Datadog Company Profile

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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.