Datadog (NASDAQ:DDOG) Rating Reiterated by Cantor Fitzgerald

Datadog (NASDAQ:DDOGGet Free Report)‘s stock had its “overweight” rating reiterated by Cantor Fitzgerald in a report issued on Monday, Marketbeat reports. They currently have a $145.00 price target on the stock, up from their previous price target of $115.00. Cantor Fitzgerald’s price target suggests a potential upside of 11.76% from the stock’s current price.

DDOG has been the subject of a number of other reports. Robert W. Baird downgraded Datadog from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $100.00 to $84.00 in a report on Monday, October 30th. Morgan Stanley lifted their target price on Datadog from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 8th. William Blair reiterated an “outperform” rating on shares of Datadog in a research report on Wednesday, November 8th. Guggenheim started coverage on Datadog in a research report on Monday, October 23rd. They set a “neutral” rating on the stock. Finally, Citigroup boosted their price target on Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Seven research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.10.

Read Our Latest Research Report on Datadog

Datadog Stock Down 1.6 %

NASDAQ:DDOG traded down $2.10 during midday trading on Monday, reaching $129.74. The company had a trading volume of 4,977,646 shares, compared to its average volume of 6,143,184. The firm has a market capitalization of $42.63 billion, a price-to-earnings ratio of 1,081.17, a PEG ratio of 114.03 and a beta of 1.18. The stock’s fifty day simple moving average is $124.43 and its 200-day simple moving average is $106.25. Datadog has a 12-month low of $62.60 and a 12-month high of $138.61. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.41.

Datadog (NASDAQ:DDOGGet Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $589.65 million during the quarter, compared to the consensus estimate of $568.73 million. Datadog had a return on equity of 4.00% and a net margin of 2.28%. Datadog’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.08) EPS. On average, sell-side analysts anticipate that Datadog will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Olivier Pomel sold 133,315 shares of Datadog stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the completion of the sale, the chief executive officer now owns 299,075 shares in the company, valued at approximately $38,825,916.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Datadog news, CEO Olivier Pomel sold 133,315 shares of Datadog stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total value of $17,306,953.30. Following the completion of the sale, the chief executive officer now owns 299,075 shares in the company, valued at approximately $38,825,916.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $135.10, for a total value of $17,171,885.50. Following the completion of the sale, the chief technology officer now owns 247,328 shares of the company’s stock, valued at approximately $33,414,012.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 962,537 shares of company stock worth $117,342,717. 14.97% of the stock is owned by corporate insiders.

Institutional Trading of Datadog

A number of institutional investors have recently modified their holdings of the company. Anchor Investment Management LLC acquired a new position in Datadog during the 4th quarter worth approximately $25,000. Private Trust Co. NA lifted its position in Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after acquiring an additional 223 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Datadog in the 4th quarter valued at approximately $33,000. Quest Partners LLC acquired a new position in shares of Datadog in the 4th quarter valued at approximately $36,000. Finally, Lindbrook Capital LLC raised its position in shares of Datadog by 167.5% in the 2nd quarter. Lindbrook Capital LLC now owns 329 shares of the company’s stock valued at $32,000 after purchasing an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 68.30% of the company’s stock.

About Datadog

(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.

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Analyst Recommendations for Datadog (NASDAQ:DDOG)

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