Datadog’s (DDOG) Outperform Rating Reiterated at Macquarie

Macquarie reaffirmed their outperform rating on shares of Datadog (NASDAQ:DDOG) in a research report report published on Tuesday,Benzinga reports. Macquarie currently has a $200.00 price objective on the stock.

Other analysts also recently issued reports about the stock. Rosenblatt Securities raised their target price on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Cantor Fitzgerald started coverage on shares of Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective on the stock. Citigroup raised their target price on shares of Datadog from $157.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Barclays lifted their price objective on shares of Datadog from $155.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada lifted their price objective on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.17.

Datadog Stock Down 8.2 %

Shares of NASDAQ:DDOG opened at $135.89 on Tuesday. Datadog has a 12 month low of $98.80 and a 12 month high of $170.08. The company’s 50-day moving average price is $146.40 and its two-hundred day moving average price is $130.89. The firm has a market cap of $46.16 billion, a P/E ratio of 256.40, a P/E/G ratio of 16.83 and a beta of 1.15.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 7.58% and a return on equity of 9.41%. As a group, equities analysts predict that Datadog will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Datadog news, President Amit Agarwal sold 25,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the sale, the president now owns 195,667 shares in the company, valued at approximately $28,956,759.33. The trade was a 11.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Kerry Acocella sold 2,488 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total value of $393,203.52. Following the completion of the sale, the general counsel now owns 68,758 shares in the company, valued at $10,866,514.32. This trade represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 627,586 shares of company stock worth $92,540,479 in the last 90 days. Insiders own 11.78% of the company’s stock.

Institutional Investors Weigh In On Datadog

A number of institutional investors have recently made changes to their positions in the stock. Allworth Financial LP grew its position in shares of Datadog by 7.7% in the 4th quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock valued at $146,000 after buying an additional 75 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Datadog by 21.4% in the 4th quarter. Spire Wealth Management now owns 453 shares of the company’s stock valued at $65,000 after purchasing an additional 80 shares during the period. Avior Wealth Management LLC lifted its stake in shares of Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares during the period. Pathstone Holdings LLC lifted its stake in shares of 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 during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Datadog by 19.5% in the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after purchasing an additional 92 shares during the period. Institutional investors 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.