Datadog (NASDAQ:DDOG) Price Target Raised to $125.00

Datadog (NASDAQ:DDOG) had its price objective hoisted by UBS Group from $120.00 to $125.00 in a research note released on Wednesday, Marketbeat.com reports. UBS Group currently has a buy rating on the stock.

A number of other research analysts have also issued reports on the stock. DA Davidson raised their target price on shares of Datadog from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Jefferies Financial Group reiterated a “buy” rating and issued a $135.00 price objective (down from $150.00) on shares of Datadog in a research note on Monday, April 7th. Rosenblatt Securities decreased their target price on Datadog from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Canaccord Genuity Group dropped their price target on Datadog from $150.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, JMP Securities reiterated a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $141.54.

Datadog Price Performance

Datadog stock opened at $107.88 on Wednesday. Datadog has a one year low of $81.63 and a one year high of $170.08. The company’s fifty day moving average price is $100.20 and its two-hundred day moving average price is $125.81. The company has a market capitalization of $36.98 billion, a price-to-earnings ratio of 211.53, a PEG ratio of 44.03 and a beta of 1.12.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $761.55 million for the quarter, compared to the consensus estimate of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same period last year, the business earned $0.44 EPS. As a group, sell-side analysts anticipate that Datadog will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Olivier Pomel sold 107,365 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $109.56, for a total transaction of $11,762,909.40. Following the sale, the chief executive officer now owns 435,793 shares in the company, valued at approximately $47,745,481.08. This represents a 19.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Sean Michael Walters sold 8,454 shares of Datadog stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total value of $862,646.16. Following the completion of the transaction, the executive now directly owns 185,871 shares of the company’s stock, valued at $18,966,276.84. This represents a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 559,867 shares of company stock valued at $57,550,902. 11.78% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Datadog

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DDOG. Chicago Partners Investment Group LLC bought a new stake in shares of Datadog during the first quarter valued at approximately $207,000. Charles Schwab Investment Management Inc. boosted its position in Datadog by 9.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,378,855 shares of the company’s stock valued at $136,796,000 after buying an additional 124,317 shares during the last quarter. ASR Vermogensbeheer N.V. bought a new stake in shares of Datadog during the first quarter worth $1,057,000. AXS Investments LLC lifted its stake in shares of Datadog by 15.5% during the first quarter. AXS Investments LLC now owns 15,572 shares of the company’s stock valued at $1,545,000 after acquiring an additional 2,085 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Datadog by 3.5% in the first quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company’s stock valued at $3,116,487,000 after acquiring an additional 1,058,803 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.