Datadog, Inc. (NASDAQ:DDOG) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Datadog, Inc. (NASDAQ:DDOGGet Rating) have been assigned an average recommendation of “Buy” from the twenty-two analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $169.86.

Several research firms have weighed in on DDOG. Sumitomo Mitsui Financial Group began coverage on shares of Datadog in a research note on Friday, March 18th. They issued a “neutral” rating and a $136.00 price target for the company. BTIG Research initiated coverage on shares of Datadog in a research report on Tuesday, March 22nd. They set a “buy” rating and a $175.00 target price for the company. Raymond James boosted their target price on shares of Datadog from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, February 11th. KeyCorp decreased their target price on shares of Datadog from $210.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, April 25th. Finally, Jefferies Financial Group cut their price target on shares of Datadog from $170.00 to $125.00 in a report on Monday.

Shares of Datadog stock traded up $0.90 during trading hours on Friday, reaching $89.63. 6,691,109 shares of the company’s stock were exchanged, compared to its average volume of 4,952,663. The company has a 50 day moving average of $125.03 and a two-hundred day moving average of $147.92. Datadog has a fifty-two week low of $82.15 and a fifty-two week high of $199.68. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.66. The stock has a market cap of $28.23 billion, a P/E ratio of -8,868,000.00 and a beta of 1.25.

Datadog (NASDAQ:DDOGGet Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.13. The firm had revenue of $363.03 million for the quarter, compared to analysts’ expectations of $337.81 million. Datadog had a net margin of 0.17% and a return on equity of 1.53%. The business’s revenue was up 82.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) EPS. As a group, analysts expect that Datadog will post -0.15 earnings per share for the current fiscal year.

In related news, Director Julie Richardson sold 3,906 shares of the company’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $99.81, for a total value of $389,857.86. Following the completion of the sale, the director now directly owns 2,116 shares of the company’s stock, valued at $211,197.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Madre Armelle De sold 5,625 shares of the company’s stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $159.37, for a total transaction of $896,456.25. The disclosure for this sale can be found here. Insiders sold a total of 225,610 shares of company stock worth $33,309,409 in the last three months. Insiders own 20.23% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. UMB Bank N A MO purchased a new position in Datadog in the 4th quarter valued at $25,000. Retirement Planning Co of New England Inc. acquired a new stake in shares of Datadog during the 4th quarter worth about $27,000. Optimum Investment Advisors acquired a new stake in shares of Datadog during the 4th quarter worth about $27,000. Riverview Trust Co acquired a new stake in shares of Datadog during the 1st quarter worth about $27,000. Finally, SJS Investment Consulting Inc. acquired a new position in Datadog in the 1st quarter valued at about $27,000. Institutional investors and hedge funds own 65.17% of the company’s stock.

About Datadog (Get Rating)

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.

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