Datadog (NASDAQ:DDOG) PT Raised to $135.00

by · The Cerbat Gem

Datadog (NASDAQ:DDOG – Get Free Report) had its target price upped by research analysts at BMO Capital Markets from $132.00 to $135.00 in a report issued on Friday, Marketbeat reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 6.64% from the stock’s current price.

DDOG has been the subject of a number of other reports. Royal Bank of Canada reiterated an “outperform” rating and set a $151.00 price target on shares of Datadog in a research report on Friday, August 9th. BTIG Research upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $143.00 target price for the company in a report on Thursday, August 1st. Monness Crespi & Hardt upgraded Datadog from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 7th. Barclays lowered their price target on Datadog from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, Needham & Company LLC cut their price objective on Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $142.54.

View Our Latest Stock Report on Datadog

Datadog Stock Performance

Shares of Datadog stock opened at $126.60 on Friday. The stock has a 50 day moving average of $117.59 and a 200 day moving average of $119.45. The firm has a market capitalization of $42.35 billion, a price-to-earnings ratio of 395.63, a PEG ratio of 22.85 and a beta of 1.11. Datadog has a fifty-two week low of $77.81 and a fifty-two week high of $138.61.

Datadog (NASDAQ:DDOG – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $645.28 million during the quarter, compared to analysts’ expectations of $624.92 million. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The company’s revenue was up 26.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 EPS. Analysts forecast that Datadog will post 0.42 EPS for the current year.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 85,637 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $104.21, for a total transaction of $8,924,231.77. Following the completion of the sale, the chief executive officer now owns 405,314 shares in the company, valued at approximately $42,237,771.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Matthew Jacobson sold 9,256 shares of Datadog stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the sale, the director now owns 48,411 shares in the company, valued at approximately $5,230,808.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Olivier Pomel sold 85,637 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $104.21, for a total value of $8,924,231.77. Following the completion of the sale, the chief executive officer now directly owns 405,314 shares of the company’s stock, valued at approximately $42,237,771.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 529,928 shares of company stock worth $63,079,091 over the last three months. Insiders own 11.78% of the company’s stock.

Institutional Investors Weigh In On Datadog

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DDOG. SouthState Corp purchased a new stake in Datadog in the 2nd quarter valued at $26,000. Blue Trust Inc. acquired a new stake in shares of Datadog during the second quarter worth about $37,000. Versant Capital Management Inc boosted its stake in shares of Datadog by 216.5% during the second quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock worth $40,000 after buying an additional 210 shares during the period. EverSource Wealth Advisors LLC increased its position in Datadog by 70.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after acquiring an additional 127 shares during the period. Finally, ORG Partners LLC purchased a new stake in Datadog during the 2nd quarter valued at approximately $43,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Company Profile

(Get Free Report)

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.

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