Datadog, Inc. (NASDAQ:DDOG) Receives $157.04 Average PT from Analysts

Shares of Datadog, Inc. (NASDAQ:DDOG) have been given a consensus rating of “Moderate Buy” by the thirty brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $157.04.

A number of equities research analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. BNP Paribas began coverage on Datadog in a research note on Tuesday, October 8th. They set an “outperform” rating and a $150.00 price target for the company. Macquarie assumed coverage on Datadog in a report on Thursday, December 12th. They issued an “outperform” rating and a $200.00 target price for the company. TD Cowen reaffirmed a “buy” rating and set a $165.00 target price on shares of Datadog in a research report on Tuesday, November 19th. Finally, UBS Group reissued an “underperform” rating on shares of Datadog in a research report on Friday, October 18th.

Datadog Stock Down 1.1 %

DDOG stock opened at $145.99 on Thursday. The company has a market capitalization of $49.60 billion, a price-to-earnings ratio of 275.46, a P/E/G ratio of 20.27 and a beta of 1.11. The firm has a 50 day moving average of $141.32 and a two-hundred day moving average of $126.49. Datadog has a 12 month low of $98.80 and a 12 month high of $170.08.

Insider Buying and Selling at Datadog

In related news, President Amit Agarwal sold 150,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the completion of the sale, the president now directly owns 214,275 shares of the company’s stock, valued at $27,005,078.25. This trade represents a 41.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $129.33, for a total value of $16,438,489.65. Following the completion of the transaction, the chief technology officer now directly owns 336,165 shares in the company, valued at approximately $43,476,219.45. This represents a 27.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 740,588 shares of company stock worth $101,329,606 over the last three months. Company insiders own 11.78% of the company’s stock.

Institutional Trading of Datadog

A number of hedge funds and other institutional investors have recently made changes to their positions in DDOG. SouthState Corp bought a new position in Datadog in the 2nd quarter worth approximately $26,000. True Wealth Design LLC increased its stake in shares of Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after buying an additional 240 shares during the period. Meeder Asset Management Inc. raised its position in shares of Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares during the last quarter. Quarry LP acquired a new position in shares of Datadog during the third quarter valued at $33,000. Finally, American National Bank & Trust bought a new position in Datadog in the third quarter valued at about $39,000. 78.29% of the stock is currently 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.