Datadog (NASDAQ:DDOG – Get Free Report)‘s stock had its “neutral” rating reissued by analysts at Guggenheim in a research report issued on Wednesday,Benzinga reports.
A number of other research analysts have also commented on the stock. Macquarie assumed coverage on shares of Datadog in a research note on Thursday, December 12th. They issued an “outperform” rating and a $200.00 price target on the stock. Sanford C. Bernstein decreased their price target on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Barclays upped their price target on shares of Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Mizuho upped their price target on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Wedbush upgraded shares of Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.45.
Check Out Our Latest Report on Datadog
Datadog Stock Performance
Insider Activity at Datadog
In related news, Director Matthew Jacobson sold 3,393 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $125.03, for a total value of $424,226.79. Following the completion of the transaction, the director now owns 695,086 shares of the company’s stock, valued at $86,906,602.58. This represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Olivier Pomel sold 178,723 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at approximately $61,236,887.04. The trade was a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 617,679 shares of company stock valued at $88,668,671 in the last quarter. Insiders own 11.78% of the company’s stock.
Hedge Funds Weigh In On Datadog
Several large investors have recently modified their holdings of the business. Jennison Associates LLC raised its stake in shares of Datadog by 2.1% during the third quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after acquiring an additional 126,613 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Datadog by 2.5% during the third quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock valued at $595,438,000 after acquiring an additional 125,457 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Datadog by 2.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock valued at $232,988,000 after acquiring an additional 46,746 shares during the last quarter. Holocene Advisors LP raised its stake in shares of Datadog by 205.2% during the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after acquiring an additional 1,097,815 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Datadog by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,176,577 shares of the company’s stock valued at $135,377,000 after acquiring an additional 29,404 shares during the last quarter. 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.
Featured Articles
- Five stocks we like better than Datadog
- 3 Warren Buffett Stocks to Buy Now
- Market Momentum: 3 Stocks Poised for Significant Breakouts
- How to Plot Fibonacci Price Inflection Levels
- Kinder Morgan’s Uptrend is Only Half Over: New Highs Are Coming
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Momentum Builders: 3 Stocks Positioned to Shine This Quarter
Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.com's FREE daily email newsletter.