Datadog (NASDAQ:DDOG) Earns “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Datadog (NASDAQ:DDOG) in a report published on Monday, Benzinga reports. They currently have a $146.00 price objective on the stock.

Several other equities analysts also recently commented on the company. Cantor Fitzgerald reiterated an overweight rating and set a $150.00 price target on shares of Datadog in a report on Wednesday, April 17th. Mizuho lifted their target price on shares of Datadog from $108.00 to $130.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. BMO Capital Markets reissued an outperform rating and set a $155.00 target price (up previously from $140.00) on shares of Datadog in a research report on Wednesday, February 14th. Robert W. Baird lifted their price objective on Datadog from $120.00 to $130.00 and gave the stock a neutral rating in a research note on Wednesday, February 14th. Finally, Stifel Nicolaus restated a buy rating and set a $152.00 target price on shares of Datadog in a research note on Monday, April 22nd. Four analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, Datadog currently has an average rating of Moderate Buy and a consensus target price of $135.58.

Datadog Price Performance

NASDAQ DDOG opened at $117.28 on Monday. 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 stock has a market capitalization of $38.92 billion, a PE ratio of 977.33 and a beta of 1.14. Datadog has a 12-month low of $77.81 and a 12-month high of $138.61. The company has a 50 day moving average price of $124.57 and a two-hundred day moving average price of $119.16.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The business had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. During the same quarter in the previous year, the business earned ($0.08) EPS. Datadog’s quarterly revenue was up 25.6% compared to the same quarter last year. As a group, equities analysts predict that Datadog will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog 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 completion of the transaction, the chief technology officer now directly owns 247,328 shares of the company’s stock, valued at approximately $33,414,012.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Olivier Pomel sold 19,226 shares of Datadog stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $130.06, for a total value of $2,500,533.56. Following the completion of the transaction, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at $38,897,694.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the sale, the chief technology officer now directly owns 247,328 shares in the company, valued at approximately $33,414,012.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 712,230 shares of company stock worth $91,161,780. Corporate insiders own 11.78% of the company’s stock.

Hedge Funds Weigh In On Datadog

A number of large investors have recently modified their holdings of DDOG. First National Trust Co lifted its holdings in Datadog by 3.3% during the 1st quarter. First National Trust Co now owns 2,447 shares of the company’s stock worth $302,000 after buying an additional 79 shares in the last quarter. Parsons Capital Management Inc. RI lifted its stake in shares of Datadog by 1.8% during the first quarter. Parsons Capital Management Inc. RI now owns 4,890 shares of the company’s stock valued at $604,000 after acquiring an additional 88 shares during the period. Panagora Asset Management Inc. boosted its holdings in Datadog by 1.0% in the fourth quarter. Panagora Asset Management Inc. now owns 9,026 shares of the company’s stock valued at $1,096,000 after acquiring an additional 89 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Datadog by 17.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company’s stock worth $78,000 after purchasing an additional 97 shares during the last quarter. Finally, AM Squared Ltd lifted its position in Datadog by 25.0% during the 4th quarter. AM Squared Ltd now owns 500 shares of the company’s stock valued at $61,000 after purchasing an additional 100 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

About Datadog

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.