Analysts Set Datadog, Inc. (NASDAQ:DDOG) Price Target at $128.18

Datadog, Inc. (NASDAQ:DDOG) has been given a consensus rating of “Moderate Buy” by the twenty-nine brokerages that are presently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and twenty-two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $128.18.

A number of equities research analysts have commented on DDOG shares. William Blair reissued an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Needham & Company LLC raised their target price on Datadog from $125.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Wolfe Research raised their target price on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Stifel Nicolaus raised Datadog from a “hold” rating to a “buy” rating and raised their target price for the company from $98.00 to $140.00 in a report on Thursday, December 7th. Finally, Citigroup lifted their price target on Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd.

Insiders Place Their Bets

In other Datadog news, CFO David M. Obstler sold 3,732 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $125.36, for a total value of $467,843.52. Following the completion of the transaction, the chief financial officer now owns 275,191 shares in the company, valued at approximately $34,497,943.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Datadog news, CFO David M. Obstler sold 3,732 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $125.36, for a total value of $467,843.52. Following the transaction, the chief financial officer now directly owns 275,191 shares of the company’s stock, valued at approximately $34,497,943.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Amit Agarwal sold 33,311 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $128.58, for a total value of $4,283,128.38. Following the sale, the president now directly owns 294,012 shares in the company, valued at $37,804,062.96. The disclosure for this sale can be found here. Insiders sold a total of 816,027 shares of company stock worth $102,761,314 in the last 90 days. 14.97% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DDOG. Anchor Investment Management LLC purchased a new stake in shares of Datadog during the fourth quarter valued at $25,000. Raleigh Capital Management Inc. bought a new stake in shares of Datadog during the fourth quarter valued at approximately $29,000. Private Trust Co. NA boosted its stake in Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after buying an additional 223 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Datadog in the fourth quarter worth $33,000. Finally, Quest Partners LLC acquired a new position in Datadog in the fourth quarter worth $36,000. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

NASDAQ:DDOG opened at $123.60 on Tuesday. The firm’s fifty day moving average price is $127.26 and its 200 day moving average price is $112.11. Datadog has a 1-year low of $62.60 and a 1-year high of $138.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. The firm has a market cap of $41.02 billion, a price-to-earnings ratio of 1,030.00 and a beta of 1.17.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The firm had revenue of $589.65 million for the quarter, compared to analyst estimates of $568.73 million. During the same period last year, the firm posted ($0.08) EPS. Datadog’s quarterly revenue was up 25.6% on a year-over-year basis. On average, sell-side analysts expect that Datadog will post -0.14 EPS for the current year.

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.