Datadog (NASDAQ:DDOG) Price Target Raised to $200.00

Datadog (NASDAQ:DDOG) had its target price increased by Loop Capital from $160.00 to $200.00 in a report released on Monday,Benzinga reports. Loop Capital currently has a buy rating on the stock.

A number of other equities analysts also recently commented on DDOG. BMO Capital Markets lifted their price target on Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. DA Davidson increased their target price on Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a report on Thursday, November 7th. Macquarie initiated coverage on Datadog in a research note on Thursday, December 12th. They set an “outperform” rating and a $200.00 price objective on the stock. Finally, TD Cowen reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Datadog in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $157.04.

Datadog Trading Up 0.6 %

Datadog stock opened at $148.40 on Monday. The stock has a 50 day moving average of $140.09 and a 200-day moving average of $125.87. The stock has a market cap of $50.41 billion, a P/E ratio of 280.01, a price-to-earnings-growth ratio of 20.27 and a beta of 1.11. Datadog has a 52 week low of $98.80 and a 52 week high of $170.08.

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 178,723 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at $61,236,887.04. The trade was a 32.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $155.25, for a total transaction of $1,228,959.00. Following the sale, the director now directly owns 435,701 shares of the company’s stock, valued at approximately $67,642,580.25. This represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 740,588 shares of company stock valued at $101,329,606. Corporate insiders own 11.78% of the company’s stock.

Hedge Funds Weigh In On Datadog

A number of hedge funds have recently modified their holdings of the stock. SouthState Corp purchased a new position in Datadog in the 2nd quarter worth about $26,000. True Wealth Design LLC increased its position in shares of Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after acquiring an additional 240 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares during the period. Quarry LP purchased a new stake in shares of Datadog in the 3rd quarter valued at approximately $33,000. Finally, American National Bank & Trust acquired a new position in Datadog in the 3rd quarter worth approximately $39,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.