Datadog (NASDAQ:DDOG) Price Target Raised to $148.00 at Rosenblatt Securities

Datadog (NASDAQ:DDOG) had its price target lifted by Rosenblatt Securities from $140.00 to $148.00 in a report issued on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. Barclays boosted their price objective on shares of Datadog from $140.00 to $155.00 and gave the company an “overweight” rating in a report on Friday. DA Davidson boosted their price target on shares of Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday. Scotiabank lowered their price objective on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday. Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a report on Thursday, November 7th. Finally, Citigroup upped their price target on Datadog from $150.00 to $157.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and an average target price of $150.96.

Datadog Stock Down 1.7 %

Shares of DDOG opened at $122.36 on Friday. The firm’s fifty day moving average is $119.67 and its two-hundred day moving average is $119.48. Datadog has a 52-week low of $98.80 and a 52-week high of $138.61. The stock has a market cap of $41.25 billion, a PE ratio of 230.87, a price-to-earnings-growth ratio of 22.72 and a beta of 1.10.

Insider Activity at Datadog

In related news, CRO Sean Michael Walters sold 2,322 shares of Datadog stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $125.00, for a total value of $290,250.00. Following the sale, the executive now directly owns 183,512 shares in the company, valued at $22,939,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CRO Sean Michael Walters sold 2,322 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $125.00, for a total value of $290,250.00. Following the completion of the sale, the executive now owns 183,512 shares in the company, valued at $22,939,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David M. Obstler sold 33,333 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $130.39, for a total transaction of $4,346,289.87. Following the transaction, the chief financial officer now owns 314,158 shares in the company, valued at $40,963,061.62. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 317,186 shares of company stock worth $39,962,314 over the last 90 days. Company insiders own 11.78% of the company’s stock.

Hedge Funds Weigh In On Datadog

Hedge funds and other institutional investors have recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in shares of Datadog by 597.9% in the first quarter. Empowered Funds LLC now owns 40,732 shares of the company’s stock valued at $5,034,000 after purchasing an additional 34,896 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Datadog by 3.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 13,031 shares of the company’s stock worth $1,611,000 after purchasing an additional 434 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new stake in Datadog in the 1st quarter valued at approximately $593,000. Forsta AP Fonden grew its holdings in Datadog by 34.7% during the 1st quarter. Forsta AP Fonden now owns 64,100 shares of the company’s stock valued at $7,923,000 after buying an additional 16,500 shares during the last quarter. Finally, Swiss National Bank increased its position in Datadog by 2.9% during the first quarter. Swiss National Bank now owns 818,000 shares of the company’s stock worth $101,105,000 after buying an additional 23,100 shares in the last quarter. 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.