Shares of Datadog (NASDAQ:DDOG) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $73.78 and last traded at $73.27, with a volume of 46714 shares trading hands. The stock had previously closed at $69.89.
A number of brokerages recently commented on DDOG. ValuEngine raised shares of Datadog from a “hold” rating to a “buy” rating in a research note on Tuesday, March 3rd. Goldman Sachs Group raised Datadog from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $45.00 to $47.00 in a research report on Monday, April 13th. Rosenblatt Securities raised their price objective on Datadog from $61.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Stifel Nicolaus boosted their target price on shares of Datadog from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Jefferies Financial Group increased their price target on shares of Datadog from $39.00 to $59.00 and gave the company a “hold” rating in a research report on Tuesday, May 12th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Datadog has an average rating of “Buy” and a consensus target price of $61.00.
The company has a market capitalization of $20.92 billion and a price-to-earnings ratio of -486.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.43 and a current ratio of 4.43. The business’s 50 day moving average is $46.84 and its 200 day moving average is $41.63.
Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.09. The company had revenue of $131.30 million during the quarter, compared to analysts’ expectations of $117.73 million. The firm’s quarterly revenue was up 87.4% compared to the same quarter last year. Sell-side analysts predict that Datadog will post -0.02 EPS for the current year.
In other Datadog news, CFO David M. Obstler sold 20,000 shares of Datadog stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $70.47, for a total transaction of $1,409,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder (Jersey) Slp Yucca sold 68,765 shares of Datadog stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $44.91, for a total transaction of $3,088,236.15. Following the sale, the insider now owns 77,931 shares of the company’s stock, valued at $3,499,881.21. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,889,942 shares of company stock valued at $87,825,213. 26.06% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the stock. AE Wealth Management LLC purchased a new stake in Datadog in the fourth quarter valued at $234,000. California Public Employees Retirement System acquired a new position in shares of Datadog in the 4th quarter valued at about $825,000. Concorde Asset Management LLC purchased a new stake in shares of Datadog in the fourth quarter worth about $1,098,000. Hamilton Lane Advisors LLC purchased a new stake in shares of Datadog in the fourth quarter worth about $820,000. Finally, Railway Pension Investments Ltd acquired a new stake in Datadog during the fourth quarter worth about $2,835,000. 18.37% of the stock is owned by hedge funds and other institutional investors.
About Datadog (NASDAQ:DDOG)
Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.
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