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

Posted by Defense World Staff on May 6th, 2023

Shares of Datadog, Inc. (NASDAQ:DDOG – Get Rating) have earned a consensus recommendation of “Moderate Buy” from the thirty-two analysts that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $102.61.

Several research analysts have commented on the company. Barclays cut their target price on Datadog from $98.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, January 10th. Needham & Company LLC reissued a “buy” rating and issued a $105.00 price objective on shares of Datadog in a research report on Friday, March 31st. Mizuho lifted their price objective on Datadog from $80.00 to $82.00 in a research report on Friday. Robert W. Baird lowered their price objective on Datadog from $100.00 to $80.00 in a research report on Tuesday. Finally, The Goldman Sachs Group lowered their price objective on Datadog from $128.00 to $114.00 and set a “buy” rating for the company in a research report on Friday, February 17th.

Insider Activity at Datadog

In other news, CRO Sean Michael Walters sold 15,195 shares of Datadog stock in a transaction dated 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 sale, the executive now owns 141,774 shares in the company, valued at $10,447,326.06. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Olivier Pomel sold 85,637 shares of the stock in a transaction on Monday, April 10th. The stock was sold at an average price of $65.30, for a total value of $5,592,096.10. Following the sale, the chief executive officer now directly owns 268,131 shares in the company, valued at $17,508,954.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO Sean Michael Walters sold 15,195 shares of the 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 sale, the executive now owns 141,774 shares in the company, valued at $10,447,326.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 562,140 shares of company stock worth $40,891,916. 15.80% of the stock is owned by company insiders.

Institutional Trading of Datadog

A number of hedge funds and other institutional investors have recently bought and sold shares of DDOG. PNC Financial Services Group Inc. grew its holdings in shares of Datadog by 25.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,718 shares of the company’s stock worth $412,000 after purchasing an additional 558 shares during the last quarter. MetLife Investment Management LLC purchased a new position in shares of Datadog during the first quarter worth about $2,494,000. Yousif Capital Management LLC grew its holdings in shares of Datadog by 9.3% during the first quarter. Yousif Capital Management LLC now owns 3,631 shares of the company’s stock worth $550,000 after buying an additional 310 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Datadog by 11.7% during the first quarter. Dimensional Fund Advisors LP now owns 139,546 shares of the company’s stock worth $21,137,000 after buying an additional 14,658 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in shares of Datadog by 20.0% during the first quarter. Blair William & Co. IL now owns 10,343 shares of the company’s stock worth $1,567,000 after buying an additional 1,725 shares during the last quarter. 70.93% of the stock is currently owned by institutional investors and hedge funds.

Datadog Trading Up 1.6 %

Shares of DDOG stock opened at $76.57 on Friday. The stock’s fifty day moving average price is $69.02 and its two-hundred day moving average price is $73.56. The company has a market cap of $24.49 billion, a PE ratio of -478.56 and a beta of 0.97. Datadog has a fifty-two week low of $61.34 and a fifty-two week high of $120.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.09 and a current ratio of 3.09.

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

Analyst Recommendations for Datadog (NASDAQ:DDOG)

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