Weekly Analysts’ Ratings Updates for Datadog (DDOG)

A number of firms have modified their ratings and price targets on shares of Datadog (NASDAQ: DDOG) recently:

• 11/19/2024 – Datadog had its “buy” rating reaffirmed by analysts at TD Cowen. They now have a $165.00 price target on the stock.
• 11/8/2024 – Datadog had its price target lowered by analysts at Scotiabank from $135.00 to $133.00. They now have a “sector outperform” rating on the stock.
• 11/8/2024 – Datadog had its price target raised by analysts at Barclays PLC from $140.00 to $155.00. They now have an “overweight” rating on the stock.
• 11/8/2024 – Datadog had its price target raised by analysts at BMO Capital Markets from $135.00 to $145.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Datadog had its price target raised by analysts at Robert W. Baird from $140.00 to $150.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Datadog had its price target raised by analysts at Rosenblatt Securities from $140.00 to $148.00. They now have a “buy” rating on the stock.
• 11/8/2024 – Datadog had its price target raised by analysts at Citigroup Inc. from $150.00 to $157.00. They now have a “buy” rating on the stock.
• 11/8/2024 – Datadog had its price target raised by analysts at TD Cowen from $160.00 to $165.00. They now have a “buy” rating on the stock.
• 11/8/2024 – Datadog had its price target raised by analysts at DA Davidson from $140.00 to $150.00. They now have a “buy” rating on the stock.
• 11/7/2024 – Datadog was upgraded by analysts at Monness Crespi & Hardt from a “neutral” rating to a “buy” rating. They now have a $155.00 price target on the stock.
• 10/25/2024 – Datadog had its price target raised by analysts at BMO Capital Markets from $132.00 to $135.00. They now have an “outperform” rating on the stock.
• 10/21/2024 – Datadog had its price target lowered by analysts at Sanford C. Bernstein from $157.00 to $151.00. They now have an “outperform” rating on the stock.
• 10/18/2024 – Datadog had its “underperform” rating reaffirmed by analysts at UBS Group AG.
• 10/18/2024 – Datadog was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $150.00 price target on the stock, up previously from $125.00.
• 10/17/2024 – Datadog was upgraded by analysts at Wedbush from a “buy” rating to a “strong-buy” rating.
• 10/8/2024 – Datadog is now covered by analysts at BNP Paribas. They set an “outperform” rating and a $150.00 price target on the stock.
• 10/1/2024 – Datadog was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating. They now have a $140.00 price target on the stock, up previously from $115.00.

Datadog Price Performance

NASDAQ:DDOG traded up $8.47 during mid-day trading on Thursday, reaching $143.92. 7,656,430 shares of the company’s stock traded hands, compared to its average volume of 3,892,430. The firm has a market capitalization of $48.89 billion, a price-to-earnings ratio of 271.54, a PEG ratio of 17.46 and a beta of 1.10. The company has a 50 day moving average price of $122.62 and a 200-day moving average price of $119.61. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $145.55.

Insider Activity at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $129.33, for a total value of $16,438,489.65. Following the completion of the transaction, the chief technology officer now owns 336,165 shares of the company’s stock, valued at $43,476,219.45. The trade was a 27.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew Jacobson sold 9,256 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the sale, the director now directly owns 48,411 shares in the company, valued at $5,230,808.55. This trade represents a 16.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 470,579 shares of company stock worth $59,291,041 over the last 90 days. 11.78% of the stock is owned by company insiders.

Institutional Investors Weigh In On Datadog

Several institutional investors have recently modified their holdings of the business. TCW Group Inc. grew its stake in shares of Datadog by 0.6% in the third quarter. TCW Group Inc. now owns 224,144 shares of the company’s stock worth $25,790,000 after acquiring an additional 1,412 shares during the period. Arete Wealth Advisors LLC bought a new stake in Datadog in the 3rd quarter worth approximately $403,000. Teachers Retirement System of The State of Kentucky raised its stake in Datadog by 2.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 83,230 shares of the company’s stock valued at $9,577,000 after buying an additional 2,050 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Datadog by 48.3% during the 3rd quarter. Toronto Dominion Bank now owns 43,740 shares of the company’s stock valued at $5,033,000 after buying an additional 14,241 shares during the period. Finally, Coldstream Capital Management Inc. boosted its stake in shares of Datadog by 10.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,024 shares of the company’s stock worth $467,000 after buying an additional 369 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

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.