Datadog (NASDAQ:DDOG) Rating Reiterated by Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Datadog (NASDAQ:DDOG) in a report released on Wednesday morning, Benzinga reports. They currently have a $150.00 price objective on the stock.

Other analysts also recently issued research reports about the stock. Barclays upped their price target on shares of Datadog from $138.00 to $152.00 and gave the company an overweight rating in a research report on Wednesday, February 14th. Citigroup upped their price target on shares of Datadog from $125.00 to $150.00 and gave the company a buy rating in a research report on Monday, January 22nd. Truist Financial upped their price target on shares of Datadog from $140.00 to $155.00 and gave the company a buy rating in a research report on Wednesday, February 14th. Wells Fargo & Company upped their price target on shares of Datadog from $100.00 to $130.00 and gave the company an equal weight rating in a research report on Friday, February 9th. Finally, Mizuho boosted their price objective on shares of Datadog from $108.00 to $130.00 and gave the company a neutral rating in a research note on Wednesday, February 14th. Six analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $130.52.

Datadog Stock Down 3.9 %

Shares of NASDAQ:DDOG opened at $120.09 on Wednesday. The company has a market capitalization of $39.85 billion, a PE ratio of 1,000.75 and a beta of 1.15. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. Datadog has a twelve month low of $62.60 and a twelve month high of $138.61. The firm has a 50 day simple moving average of $125.89 and a 200-day simple moving average of $115.95.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $568.73 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. Datadog’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, equities analysts predict that Datadog will post -0.14 EPS for the current fiscal year.

Insider Transactions at Datadog

In other news, CRO Sean Michael Walters sold 10,000 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $129.86, for a total transaction of $1,298,600.00. Following the transaction, the executive now directly owns 162,706 shares of the company’s stock, valued at approximately $21,129,001.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CRO Sean Michael Walters sold 10,000 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $129.86, for a total value of $1,298,600.00. Following the sale, the executive now directly owns 162,706 shares of the company’s stock, valued at approximately $21,129,001.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Olivier Pomel sold 133,315 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the completion of the sale, the chief executive officer now directly owns 299,075 shares in the company, valued at $38,825,916.50. The disclosure for this sale can be found here. Insiders have sold a total of 745,984 shares of company stock valued at $95,917,681 in the last ninety days. 14.97% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Datadog

Large investors have recently added to or reduced their stakes in the business. Riverview Trust Co acquired a new stake in Datadog in the 1st quarter valued at about $26,000. Anchor Investment Management LLC purchased a new position in Datadog in the 4th quarter valued at about $25,000. Raleigh Capital Management Inc. purchased a new position in Datadog in the 4th quarter valued at about $29,000. Private Trust Co. NA lifted its holdings 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 purchasing an additional 223 shares in the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in Datadog in the 4th quarter valued at about $33,000. 78.29% of the stock is owned by institutional investors and hedge funds.

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.