Datadog’s (DDOG) Overweight Rating Reaffirmed at Cantor Fitzgerald

Datadog (NASDAQ:DDOG)‘s stock had its “overweight” rating reiterated by Cantor Fitzgerald in a report issued on Wednesday,Benzinga reports. They presently have a $134.00 target price on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 22.53% from the stock’s previous close. Cantor Fitzgerald also issued estimates for Datadog’s FY2025 earnings at $0.30 EPS.

DDOG has been the subject of a number of other research reports. Morgan Stanley lowered their price objective on shares of Datadog from $143.00 to $115.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Rosenblatt Securities lowered their price target on Datadog from $160.00 to $150.00 and set a “buy” rating for the company in a report on Monday. Barclays lifted their price objective on Datadog from $125.00 to $128.00 and gave the company an “overweight” rating in a report on Tuesday. Truist Financial lowered their target price on Datadog from $140.00 to $120.00 and set a “hold” rating for the company in a research note on Monday, March 31st. Finally, Macquarie restated an “outperform” rating and set a $200.00 target price on shares of Datadog in a report on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $141.54.

Datadog Trading Up 3.1 %

NASDAQ:DDOG opened at $109.36 on Wednesday. Datadog has a 1-year low of $81.63 and a 1-year high of $170.08. The firm has a market capitalization of $37.48 billion, a price-to-earnings ratio of 214.43, a PEG ratio of 44.03 and a beta of 1.12. The business’s 50-day moving average price is $100.36 and its two-hundred day moving average price is $125.92.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The business had revenue of $761.55 million for the quarter, compared to analyst estimates of $741.73 million. During the same quarter last year, the firm earned $0.44 EPS. Datadog’s quarterly revenue was up 24.6% compared to the same quarter last year. Sell-side analysts predict that Datadog will post 0.34 earnings per share for the current year.

Insider Transactions at Datadog

In other news, CRO Sean Michael Walters sold 8,454 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total value of $862,646.16. Following the transaction, the executive now directly owns 185,871 shares of the company’s stock, valued at $18,966,276.84. This represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $114.21, for a total transaction of $2,855,250.00. Following the sale, the director now directly owns 82,324 shares of the company’s stock, valued at $9,402,224.04. The trade was a 23.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 385,456 shares of company stock worth $39,018,715 in the last ninety days. Insiders own 11.78% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Retirement Wealth Solutions LLC bought a new position in Datadog during the 4th quarter worth $30,000. Putney Financial Group LLC bought a new stake in shares of Datadog during the 4th quarter worth approximately $32,000. Avior Wealth Management LLC boosted its holdings in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. Elequin Capital LP bought a new position in Datadog in the fourth quarter valued at about $34,000. Finally, Coppell Advisory Solutions LLC boosted its stake in shares of Datadog by 178.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company’s stock valued at $40,000 after purchasing an additional 177 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

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.