BMO Capital Markets Increases Datadog (NASDAQ:DDOG) Price Target to $145.00

Datadog (NASDAQ:DDOG) had its price target increased by BMO Capital Markets from $135.00 to $145.00 in a report released on Friday, MarketBeat Ratings reports. They currently have an outperform rating on the stock.

Several other analysts have also recently weighed in on DDOG. BTIG Research raised Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price target on the stock in a report on Thursday, August 1st. Monness Crespi & Hardt raised shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Thursday, November 7th. UBS Group reiterated an “underperform” rating on shares of Datadog in a research report on Friday, October 18th. Robert W. Baird increased their price target on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Sanford C. Bernstein dropped their price objective on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.96.

Datadog Price Performance

NASDAQ DDOG opened at $122.36 on Friday. The company’s 50 day simple moving average is $119.67 and its two-hundred day simple moving average is $119.48. Datadog has a 1 year low of $98.80 and a 1 year high of $138.61. The stock has a market capitalization of $41.25 billion, a PE ratio of 230.87, a P/E/G ratio of 22.72 and a beta of 1.10.

Insider Activity

In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $122.61, for a total value of $10,499,952.57. Following the completion of the sale, the chief executive officer now owns 392,111 shares in the company, valued at approximately $48,076,729.71. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $122.61, for a total value of $10,499,952.57. Following the completion of the transaction, the chief executive officer now directly owns 392,111 shares in the company, valued at approximately $48,076,729.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew Jacobson sold 9,256 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the transaction, the director now owns 48,411 shares in the company, valued at $5,230,808.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 317,186 shares of company stock valued at $39,962,314. Insiders own 11.78% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Baader Bank Aktiengesellschaft lifted its position in Datadog by 1.5% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock valued at $657,000 after acquiring an additional 77 shares during the period. Pathstone Holdings LLC lifted its holdings in shares of Datadog by 0.4% during the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after purchasing an additional 91 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Datadog by 19.5% in the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after purchasing an additional 92 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of Datadog by 5.2% in the 2nd quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock worth $250,000 after buying an additional 95 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in Datadog by 1.2% during the 1st quarter. Ameritas Investment Partners Inc. now owns 8,867 shares of the company’s stock valued at $1,096,000 after buying an additional 103 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

About Datadog

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.