Datadog, Inc. (NASDAQ:DDOG - Get Free Report) has earned an average recommendation of "Moderate Buy" from the thirty-one analysts that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, twenty-six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $141.19.
A number of equities research analysts have commented on DDOG shares. Barclays lowered their target price on Datadog from $145.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, August 9th. Monness Crespi & Hardt upgraded Datadog from a "sell" rating to a "neutral" rating in a research report on Wednesday, August 7th. Royal Bank of Canada restated an "outperform" rating and issued a $151.00 target price on shares of Datadog in a report on Friday, August 9th. Evercore ISI assumed coverage on shares of Datadog in a report on Monday, July 15th. They set an "outperform" rating and a $150.00 price target for the company. Finally, BMO Capital Markets reduced their price objective on shares of Datadog from $140.00 to $132.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th.
Read Our Latest Stock Analysis on DDOG
NASDAQ:DDOG opened at $129.81 on Friday. Datadog has a 52 week low of $77.81 and a 52 week high of $138.61. The company has a fifty day simple moving average of $114.30 and a two-hundred day simple moving average of $119.27. The company has a market cap of $43.77 billion, a price-to-earnings ratio of 288.47, a price-to-earnings-growth ratio of 22.85 and a beta of 1.11.
Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The firm had revenue of $645.28 million for the quarter, compared to the consensus estimate of $624.92 million. During the same period last year, the firm posted $0.36 EPS. The company's revenue was up 26.7% on a year-over-year basis. On average, analysts expect that Datadog will post 0.42 EPS for the current year.
In related news, CEO Olivier Pomel sold 85,637 shares of the firm's stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $104.21, for a total value of $8,924,231.77. Following the sale, the chief executive officer now owns 405,314 shares in the company, valued at approximately $42,237,771.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Shardul Shah sold 15,832 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $120.02, for a total transaction of $1,900,156.64. Following the completion of the transaction, the director now directly owns 459,449 shares of the company's stock, valued at approximately $55,143,068.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Olivier Pomel sold 85,637 shares of Datadog stock in a transaction on Monday, August 5th. The stock was sold at an average price of $104.21, for a total transaction of $8,924,231.77. Following the completion of the transaction, the chief executive officer now directly owns 405,314 shares of the company's stock, valued at $42,237,771.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 361,574 shares of company stock valued at $41,291,591 over the last ninety days. 11.78% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in DDOG. Riverview Trust Co purchased a new position in Datadog in the first quarter valued at about $26,000. SouthState Corp bought a new position in shares of Datadog during the 2nd quarter worth approximately $26,000. Raleigh Capital Management Inc. purchased a new position in Datadog in the fourth quarter worth $29,000. Blue Trust Inc. acquired a new position in shares of Datadog during the second quarter worth $37,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Datadog by 70.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company's stock valued at $39,000 after purchasing an additional 127 shares during the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.
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.
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