Jefferies Financial Group Increases Datadog (NASDAQ:DDOG) Price Target to $170.00

Datadog (NASDAQ:DDOG) had its price target boosted by equities research analysts at Jefferies Financial Group from $155.00 to $170.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 16.41% from the company’s previous close.

Several other analysts also recently commented on the stock. Loop Capital upped their price target on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Citigroup increased their target price on shares of Datadog from $150.00 to $157.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Robert W. Baird boosted their price target on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Mizuho lifted their target price on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $158.18.

Datadog Stock Up 0.8 %

NASDAQ:DDOG traded up $1.21 during mid-day trading on Monday, reaching $146.04. 1,703,305 shares of the stock were exchanged, compared to its average volume of 2,065,531. The stock has a market capitalization of $49.61 billion, a P/E ratio of 275.55, a P/E/G ratio of 20.27 and a beta of 1.14. Datadog has a 1 year low of $98.80 and a 1 year high of $170.08. The company has a 50 day simple moving average of $143.24 and a 200-day simple moving average of $127.46.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 178,723 shares of the firm’s 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 $61,236,887.04. This trade represents a 32.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO David M. Obstler sold 33,333 shares of Datadog stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $125.70, for a total value of $4,189,958.10. Following the transaction, the chief financial officer now owns 314,158 shares of the company’s stock, valued at $39,489,660.60. This represents a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 661,667 shares of company stock worth $92,334,860. 11.78% of the stock is owned by corporate insiders.

Institutional Trading of Datadog

Large investors have recently made changes to their positions in the stock. Pathstone Holdings LLC lifted its holdings in Datadog by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after purchasing an additional 91 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Datadog by 19.5% in the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after buying an additional 92 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Datadog by 3.5% during the second quarter. Parallel Advisors LLC now owns 3,076 shares of the company’s stock valued at $399,000 after buying an additional 105 shares during the period. Meeder Asset Management Inc. boosted its position in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares during the last quarter. Finally, Hudock Inc. grew its stake in Datadog by 3.3% in the 3rd quarter. Hudock Inc. now owns 3,596 shares of the company’s stock worth $414,000 after acquiring an additional 116 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.