Datadog (NASDAQ:DDOG) Price Target Raised to $187.00 at Barclays

Datadog (NASDAQ:DDOG) had its target price lifted by analysts at Barclays from $155.00 to $187.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 12.34% from the stock’s previous close.

Other analysts also recently issued reports about the company. TD Cowen restated a “buy” rating and issued a $165.00 price objective on shares of Datadog in a report on Tuesday, November 19th. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Thursday, November 7th. Scotiabank reduced their target price on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a report on Friday, November 8th. Wedbush upgraded shares of Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Sanford C. Bernstein reduced their target price on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.19.

Datadog Stock Up 1.9 %

Shares of DDOG stock traded up $3.11 on Friday, hitting $166.46. The stock had a trading volume of 296,359 shares, compared to its average volume of 3,960,056. The business has a 50 day moving average price of $131.70 and a 200 day moving average price of $122.38. The company has a market cap of $56.55 billion, a PE ratio of 314.08, a P/E/G ratio of 20.08 and a beta of 1.11. Datadog has a one year low of $98.80 and a one year high of $167.40.

Insider Transactions at Datadog

In other Datadog news, Director Matthew Jacobson sold 9,256 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $108.05, for a total value of $1,000,110.80. Following the completion of the sale, the director now directly owns 48,411 shares of the company’s stock, valued at $5,230,808.55. This trade represents a 16.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Sean Michael Walters sold 2,322 shares of the firm’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $125.00, for a total value of $290,250.00. Following the completion of the sale, the executive now directly owns 183,512 shares of the company’s stock, valued at $22,939,000. This trade represents a 1.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 541,491 shares of company stock valued at $68,927,496 in the last three months. 11.78% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Datadog

A number of hedge funds have recently modified their holdings of DDOG. Jennison Associates LLC boosted its holdings in Datadog by 2.1% during the 3rd quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after acquiring an additional 126,613 shares during the period. Geode Capital Management LLC boosted its holdings in Datadog by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock valued at $595,438,000 after acquiring an additional 125,457 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Datadog by 9.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock valued at $511,620,000 after acquiring an additional 331,808 shares during the period. 1832 Asset Management L.P. boosted its holdings in Datadog by 5.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock valued at $322,487,000 after acquiring an additional 138,700 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Datadog by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock valued at $232,988,000 after acquiring an additional 46,746 shares during the period. 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.