Credit Suisse Group started coverage on shares of Datadog (NASDAQ:DDOG – Get Rating) in a research report released on Friday, The Fly reports. The brokerage issued an outperform rating and a $145.00 target price on the stock.

Other equities research analysts have also recently issued reports about the company. Mizuho cut their target price on Datadog from $150.00 to $130.00 and set a buy rating on the stock in a research note on Friday, August 5th. Sanford C. Bernstein initiated coverage on Datadog in a research note on Tuesday, July 19th. They issued an outperform rating and a $172.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on shares of Datadog in a research note on Friday. They set a neutral rating on the stock. Moffett Nathanson initiated coverage on shares of Datadog in a research note on Thursday, September 22nd. They set a buy rating and a $143.00 price objective on the stock. Finally, Stifel Nicolaus cut their price objective on shares of Datadog from $130.00 to $120.00 and set a buy rating on the stock in a research note on Friday, September 16th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. Based on data from MarketBeat.com, Datadog has an average rating of Moderate Buy and a consensus target price of $148.36.

Datadog Stock Performance

Datadog stock opened at $86.41 on Friday. The company has a market cap of $27.34 billion, a PE ratio of 8,649.65 and a beta of 1.13. The company has a fifty day moving average price of $101.56 and a two-hundred day moving average price of $109.61. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31. Datadog has a 12 month low of $81.12 and a 12 month high of $199.68.

Insider Buying and Selling

In related news, insider Amit Agarwal sold 2,500 shares of Datadog stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $104.88, for a total value of $262,200.00. Following the transaction, the insider now owns 184,833 shares of the company's stock, valued at approximately $19,385,285.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Datadog news, insider Madre Armelle De sold 1,875 shares of Datadog stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $94.00, for a total transaction of $176,250.00. Following the transaction, the insider now owns 67,804 shares of the company's stock, valued at approximately $6,373,576. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Amit Agarwal sold 2,500 shares of Datadog stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $104.88, for a total value of $262,200.00. Following the transaction, the insider now directly owns 184,833 shares in the company, valued at approximately $19,385,285.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,913 shares of company stock valued at $10,784,616. 15.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Datadog

Several institutional investors and hedge funds have recently bought and sold shares of DDOG. Optimum Investment Advisors acquired a new stake in shares of Datadog during the 4th quarter valued at about $27,000. Riverview Trust Co acquired a new stake in shares of Datadog during the 1st quarter valued at about $27,000. SJS Investment Consulting Inc. acquired a new stake in shares of Datadog during the 1st quarter valued at about $27,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Datadog during the 1st quarter valued at about $27,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Datadog during the 2nd quarter valued at about $27,000. Hedge funds and other institutional investors own 71.98% of the company's stock.

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.

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