Datadog (NASDAQ:DDOG) Price Target Raised to $170.00

Datadog (NASDAQ:DDOG) had its price target raised by Mizuho from $155.00 to $170.00 in a research report released on Friday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on DDOG. Sanford C. Bernstein cut their price target on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Thursday, November 7th. Rosenblatt Securities upped their target price on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Robert W. Baird raised their target price on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Barclays boosted their price target on shares of Datadog from $155.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and an average price target of $155.07.

Datadog Stock Down 2.4 %

Shares of NASDAQ DDOG opened at $153.03 on Friday. Datadog has a 52-week low of $98.80 and a 52-week high of $170.08. The company has a market cap of $51.99 billion, a PE ratio of 288.74, a PEG ratio of 20.27 and a beta of 1.11. The firm’s 50-day moving average price is $136.72 and its 200-day moving average price is $123.88.

Insider Activity at Datadog

In related news, President Amit Agarwal sold 150,000 shares of Datadog stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the completion of the sale, the president now owns 214,275 shares in the company, valued at $27,005,078.25. This trade represents a 41.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the transaction, the chief executive officer now owns 379,693 shares in the company, valued at $61,236,887.04. This represents a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 713,446 shares of company stock worth $97,145,034 in the last quarter. 11.78% of the stock is owned by company insiders.

Institutional Investors Weigh In On Datadog

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Peapack Gladstone Financial Corp raised its holdings in shares of Datadog by 39.9% in the third quarter. Peapack Gladstone Financial Corp now owns 5,140 shares of the company’s stock valued at $591,000 after acquiring an additional 1,465 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Datadog by 27.6% in the 3rd quarter. Tidal Investments LLC now owns 28,295 shares of the company’s stock valued at $3,256,000 after purchasing an additional 6,119 shares in the last quarter. Blankinship & Foster LLC purchased a new stake in shares of Datadog in the 3rd quarter worth approximately $351,000. Wilmington Savings Fund Society FSB bought a new position in shares of Datadog during the third quarter valued at approximately $625,000. Finally, Sanctuary Advisors LLC increased its holdings in Datadog by 106.8% during the third quarter. Sanctuary Advisors LLC now owns 15,018 shares of the company’s stock valued at $1,728,000 after buying an additional 7,757 shares during the period. 78.29% of the stock is owned by institutional investors.

Datadog Company Profile

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.