Datadog (NASDAQ:DDOG) Stock Rating Upgraded by Monness Crespi & Hardt

Datadog (NASDAQ:DDOG) was upgraded by Monness Crespi & Hardt from a “neutral” rating to a “buy” rating in a research report issued on Thursday,Briefing.com Automated Import reports. The firm currently has a $155.00 price objective on the stock. Monness Crespi & Hardt’s price objective would suggest a potential upside of 19.40% from the stock’s previous close.

DDOG has been the subject of a number of other reports. BTIG Research upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price objective for the company in a research note on Thursday, August 1st. DA Davidson upgraded shares of Datadog from a “neutral” rating to a “buy” rating and upped their target price for the company from $115.00 to $140.00 in a research note on Tuesday, October 1st. BNP Paribas started coverage on shares of Datadog in a research note on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 target price for the company. UBS Group reaffirmed an “underperform” rating on shares of Datadog in a report on Friday, October 18th. Finally, Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus target price of $144.57.

Datadog Trading Up 1.1 %

Shares of NASDAQ:DDOG traded up $1.47 during midday trading on Thursday, hitting $129.82. The stock had a trading volume of 4,022,540 shares, compared to its average volume of 3,767,318. The company has a market capitalization of $43.77 billion, a PE ratio of 288.50, a P/E/G ratio of 22.93 and a beta of 1.10. The stock has a 50 day moving average price of $119.21 and a two-hundred day moving average price of $119.49. Datadog has a 1 year low of $98.80 and a 1 year high of $138.61.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $645.28 million during the quarter, compared to analysts’ expectations of $624.92 million. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The firm’s quarterly revenue was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share. As a group, equities analysts expect that Datadog will post 0.42 EPS for the current year.

Insider Activity

In other news, Director Matthew Jacobson sold 9,256 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total value of $1,000,110.80. Following the transaction, the director now owns 48,411 shares of the company’s stock, valued at approximately $5,230,808.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $111.66, for a total transaction of $14,192,544.30. Following the sale, the chief technology officer now directly owns 347,684 shares in the company, valued at approximately $38,822,395.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Matthew Jacobson sold 9,256 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the sale, the director now owns 48,411 shares in the company, valued at $5,230,808.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 444,291 shares of company stock valued at $54,154,859. 11.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Datadog

Institutional investors and hedge funds have recently modified their holdings of the business. Heritage Investors Management Corp acquired a new stake in shares of Datadog in the 3rd quarter valued at approximately $1,157,000. Vanguard Group Inc. boosted its stake in shares of Datadog by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock valued at $3,390,485,000 after purchasing an additional 171,693 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Datadog by 129.2% in the 2nd quarter. Bank of Montreal Can now owns 610,977 shares of the company’s stock valued at $79,384,000 after purchasing an additional 344,431 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Datadog by 23.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,933 shares of the company’s stock valued at $19,635,000 after buying an additional 32,217 shares during the last quarter. Finally, Plato Investment Management Ltd raised its holdings in Datadog by 1,648.8% in the 1st quarter. Plato Investment Management Ltd now owns 5,159 shares of the company’s stock valued at $638,000 after buying an additional 4,864 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.