Datadog, Inc. (NASDAQ:DDOG – Get Rating) has been assigned an average rating of "Moderate Buy" from the thirty research firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and twenty-two have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $114.62.
DDOG has been the topic of several analyst reports. Mizuho dropped their price target on shares of Datadog from $108.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, January 20th. Morgan Stanley reduced their price target on shares of Datadog from $124.00 to $110.00 and set an "overweight" rating for the company in a report on Monday, December 19th. Raymond James reduced their price target on shares of Datadog from $140.00 to $110.00 and set an "outperform" rating for the company in a report on Friday, November 4th. Truist Financial reduced their price target on shares of Datadog from $155.00 to $120.00 in a report on Wednesday, October 26th. Finally, Macquarie assumed coverage on shares of Datadog in a report on Wednesday, November 2nd. They issued a "neutral" rating and a $85.00 price target for the company.
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Insider Transactions at Datadog
In other news, COO Adam Blitzer sold 7,139 shares of Datadog stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $74.63, for a total transaction of $532,783.57. Following the completion of the sale, the chief operating officer now owns 166,071 shares in the company, valued at approximately $12,393,878.73. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, COO Adam Blitzer sold 7,139 shares of the business's stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $74.63, for a total transaction of $532,783.57. Following the completion of the transaction, the chief operating officer now owns 166,071 shares in the company, valued at $12,393,878.73. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Matthew Jacobson acquired 710,429 shares of the firm's stock in a transaction that occurred on Monday, November 7th. The shares were purchased at an average price of $69.45 per share, with a total value of $49,339,294.05. Following the acquisition, the director now owns 423,218 shares of the company's stock, valued at approximately $29,392,490.10. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 1,150,006 shares of company stock worth $79,339,605 and sold 269,888 shares worth $19,904,866. 15.80% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in Datadog in the second quarter valued at approximately $27,000. O Dell Group LLC bought a new position in Datadog in the second quarter valued at approximately $30,000. CoreCap Advisors LLC bought a new position in Datadog in the second quarter valued at approximately $32,000. CI Investments Inc. lifted its stake in Datadog by 1,003.2% in the third quarter. CI Investments Inc. now owns 342 shares of the company's stock valued at $30,000 after buying an additional 311 shares in the last quarter. Finally, Glassman Wealth Services lifted its stake in Datadog by 294.6% in the second quarter. Glassman Wealth Services now owns 367 shares of the company's stock valued at $35,000 after buying an additional 274 shares in the last quarter. Institutional investors and hedge funds own 70.93% of the company's stock.
Datadog Trading Down 4.0 %
Datadog stock opened at $70.75 on Thursday. The firm has a 50 day simple moving average of $72.79 and a 200-day simple moving average of $86.25. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.23 and a quick ratio of 3.23. The stock has a market capitalization of $22.47 billion, a PE ratio of -1,415.00 and a beta of 1.02. Datadog has a 12-month low of $61.34 and a 12-month high of $184.70.
Datadog (NASDAQ:DDOG – Get Rating) last released its earnings results on Thursday, November 3rd. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. The business had revenue of $436.53 million during the quarter, compared to analyst estimates of $412.15 million. Datadog had a negative net margin of 0.91% and a positive return on equity of 0.60%. As a group, equities research analysts expect that Datadog will post -0.1 EPS for the current fiscal year.
About Datadog
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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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