Datadog (NASDAQ:DDOG) Now Covered by BMO Capital Markets

Stock analysts at BMO Capital Markets initiated coverage on shares of Datadog (NASDAQ:DDOGGet Free Report) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $140.00 price target on the stock. BMO Capital Markets’ price target points to a potential upside of 11.08% from the company’s current price.

Several other brokerages also recently commented on DDOG. Scotiabank began coverage on shares of Datadog in a research report on Tuesday, December 5th. They issued a “sector outperform” rating and a $138.00 price target for the company. Bank of America downgraded shares of Datadog from a “buy” rating to a “neutral” rating and reduced their price target for the company from $123.00 to $105.00 in a research report on Monday, October 9th. UBS Group began coverage on shares of Datadog in a research report on Monday, October 2nd. They issued a “neutral” rating and a $100.00 price target for the company. Royal Bank of Canada upped their price target on shares of Datadog from $103.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Finally, William Blair restated an “outperform” rating on shares of Datadog in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $114.03.

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Datadog Stock Up 1.8 %

DDOG stock opened at $126.03 on Tuesday. Datadog has a 12 month low of $62.60 and a 12 month high of $126.06. The firm has a market cap of $41.41 billion, a PE ratio of -1,050.16, a P/E/G ratio of 30.32 and a beta of 1.18. The firm has a 50 day simple moving average of $116.68 and a 200 day simple moving average of $102.84. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.35 and a quick ratio of 3.35.

Datadog (NASDAQ:DDOGGet Free Report) last released its earnings results on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.01 by $0.06. Datadog had a negative net margin of 1.72% and a negative return on equity of 1.39%. The business had revenue of $547.54 million during the quarter, compared to analyst estimates of $523.30 million. Equities research analysts forecast that Datadog will post 0.16 earnings per share for the current fiscal year.

Insider Activity at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $123.19, for a total value of $15,658,064.95. Following the transaction, the chief technology officer now directly owns 247,328 shares in the company, valued at approximately $30,468,336.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $112.26, for a total value of $9,613,609.62. Following the completion of the sale, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at approximately $33,574,159.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $123.19, for a total transaction of $15,658,064.95. Following the completion of the sale, the chief technology officer now directly owns 247,328 shares of the company’s stock, valued at $30,468,336.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 701,983 shares of company stock worth $82,194,265. 14.97% of the stock is owned by insiders.

Institutional Trading of Datadog

Hedge funds have recently bought and sold shares of the stock. Anchor Investment Management LLC bought a new stake in Datadog in the 4th quarter valued at $25,000. BluePath Capital Management LLC bought a new position in shares of Datadog during the 3rd quarter worth about $31,000. Lindbrook Capital LLC lifted its holdings in shares of Datadog by 167.5% during the 2nd quarter. Lindbrook Capital LLC now owns 329 shares of the company’s stock worth $32,000 after acquiring an additional 206 shares during the period. Allworth Financial LP lifted its holdings in shares of Datadog by 493.0% during the 2nd quarter. Allworth Financial LP now owns 338 shares of the company’s stock worth $33,000 after acquiring an additional 281 shares during the period. Finally, AM Squared Ltd bought a new position in shares of Datadog during the 3rd quarter worth about $36,000. 68.30% of the stock is owned by institutional investors.

Datadog Company Profile

(Get Free Report)

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management.

Further Reading

Analyst Recommendations for Datadog (NASDAQ:DDOG)

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