Datadog (NASDAQ:DDOG) Rating Reiterated by Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Datadog (NASDAQ:DDOG) in a report released on Monday morning, Benzinga reports. The brokerage currently has a $146.00 target price on the stock.

DDOG has been the topic of several other reports. Canaccord Genuity Group reissued a buy rating and set a $150.00 target price on shares of Datadog in a research note on Friday, February 23rd. Royal Bank of Canada boosted their price objective on shares of Datadog from $145.00 to $151.00 and gave the company an outperform rating in a research report on Wednesday, February 14th. William Blair reaffirmed an outperform rating on shares of Datadog in a research note on Friday, February 16th. Mizuho increased their price target on shares of Datadog from $108.00 to $130.00 and gave the stock a neutral rating in a research note on Wednesday, February 14th. Finally, Robert W. Baird lifted their price objective on Datadog from $120.00 to $130.00 and gave the company a neutral rating in a research report on Wednesday, February 14th. Four investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $135.58.

Datadog Trading Down 1.2 %

NASDAQ:DDOG opened at $115.87 on Monday. The firm has a market capitalization of $38.45 billion, a P/E ratio of 965.58 and a beta of 1.14. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average of $124.30 and a 200 day moving average of $119.14. Datadog has a 52 week low of $77.81 and a 52 week high of $138.61.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $589.65 million during the quarter, compared to the consensus estimate of $568.73 million. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.08) earnings per share. On average, research analysts predict that Datadog will post -0.14 earnings per share for the current year.

Insider Buying and Selling

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the transaction, the chief technology officer now owns 247,328 shares in the company, valued at approximately $33,414,012.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Madre Armelle De sold 300 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total transaction of $34,011.00. Following the completion of the sale, the insider now owns 100,053 shares in the company, valued at $11,343,008.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $135.10, for a total value of $17,171,885.50. Following the completion of the transaction, the chief technology officer now directly owns 247,328 shares in the company, valued at $33,414,012.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 712,530 shares of company stock worth $91,195,791. 11.78% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Datadog

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Riverview Trust Co bought a new position in Datadog in the first quarter worth approximately $26,000. Anchor Investment Management LLC purchased a new position in Datadog during the fourth quarter valued at $25,000. Raleigh Capital Management Inc. bought a new stake in Datadog during the fourth quarter valued at about $29,000. Private Trust Co. NA increased its position in Datadog by 743.3% in the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after buying an additional 223 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new position in shares of Datadog in the fourth quarter worth about $33,000. Hedge funds and other institutional investors 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.