Datadog (NASDAQ:DDOG) Price Target Increased to $125.00 by Analysts at UBS Group

Datadog (NASDAQ:DDOG) had its price target boosted by UBS Group from $120.00 to $125.00 in a report issued on Friday morning, Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other research analysts have also recently weighed in on DDOG. Bank of America upgraded Datadog from a neutral rating to a buy rating and raised their price target for the company from $143.00 to $155.00 in a research report on Thursday, May 30th. Mizuho upgraded shares of Datadog from a neutral rating to an outperform rating and lifted their target price for the stock from $135.00 to $155.00 in a research report on Tuesday, July 16th. Loop Capital reaffirmed a buy rating and issued a $160.00 price target on shares of Datadog in a report on Friday, July 5th. Wells Fargo & Company raised shares of Datadog from an equal weight rating to an overweight rating and raised their price objective for the stock from $130.00 to $150.00 in a research note on Tuesday, April 23rd. Finally, Robert W. Baird raised Datadog from a neutral rating to an outperform rating and upped their target price for the company from $130.00 to $140.00 in a research note on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $138.93.

Datadog Price Performance

Shares of DDOG traded down $1.78 on Friday, reaching $112.28. The stock had a trading volume of 4,515,414 shares, compared to its average volume of 4,125,572. The firm has a 50-day moving average of $119.38 and a 200 day moving average of $122.98. The firm has a market capitalization of $37.56 billion, a PE ratio of 350.88, a PEG ratio of 37.24 and a beta of 1.11. Datadog has a twelve month low of $77.81 and a twelve month high of $138.61. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34.

Insider Transactions at Datadog

In other news, President Amit Agarwal sold 11,387 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $109.45, for a total transaction of $1,246,307.15. Following the completion of the sale, the president now owns 282,694 shares in the company, valued at approximately $30,940,858.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, President Amit Agarwal sold 11,387 shares of Datadog stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $109.45, for a total transaction of $1,246,307.15. Following the transaction, the president now owns 282,694 shares in the company, valued at approximately $30,940,858.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 85,637 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $104.21, for a total transaction of $8,924,231.77. Following the sale, the chief executive officer now directly owns 405,314 shares of the company’s stock, valued at $42,237,771.94. The disclosure for this sale can be found here. Insiders have sold a total of 857,306 shares of company stock worth $101,950,263 in the last three months. 11.78% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Datadog

Several hedge funds have recently modified their holdings of the stock. Riverview Trust Co acquired a new stake in Datadog in the first quarter valued at approximately $26,000. SouthState Corp purchased a new stake in Datadog during the 2nd quarter worth $26,000. Raleigh Capital Management Inc. acquired a new position in Datadog in the 4th quarter worth $29,000. Private Trust Co. NA boosted its position in Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after buying an additional 223 shares during the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Datadog during the fourth quarter valued at about $33,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

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.