Datadog (NASDAQ:DDOG)‘s stock had its “buy” rating reiterated by equities research analysts at Rosenblatt Securities in a note issued to investors on Tuesday, AnalystRatings.com reports. They currently have a $75.00 price objective on the stock. Rosenblatt Securities’ price target indicates a potential downside of 14.61% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group lifted their price objective on shares of Datadog from $39.00 to $59.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. DA Davidson initiated coverage on shares of Datadog in a research report on Wednesday, April 15th. They set a “neutral” rating and a $38.00 price objective for the company. FBN Securities initiated coverage on shares of Datadog in a research report on Friday, July 10th. They set an “outperform” rating and a $115.00 price objective for the company. Oppenheimer reaffirmed a “hold” rating on shares of Datadog in a research report on Monday, May 11th. Finally, Stifel Nicolaus boosted their target price on shares of Datadog from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $75.79.
NASDAQ:DDOG opened at $87.83 on Tuesday. Datadog has a 1-year low of $27.55 and a 1-year high of $98.99. The company has a current ratio of 4.43, a quick ratio of 4.43 and a debt-to-equity ratio of 0.06. The firm has a fifty day simple moving average of $86.21 and a 200 day simple moving average of $56.44. The stock has a market capitalization of $25.40 billion and a PE ratio of -585.53.
Datadog (NASDAQ:DDOG) last released its earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.09. The firm had revenue of $131.30 million during the quarter, compared to the consensus estimate of $117.73 million. Datadog’s revenue was up 87.4% compared to the same quarter last year. On average, equities analysts predict that Datadog will post -0.02 earnings per share for the current fiscal year.
In related news, insider Amit Agarwal sold 3,509 shares of the business’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $91.32, for a total value of $320,441.88. Following the completion of the transaction, the insider now owns 137,771 shares of the company’s stock, valued at $12,581,247.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Madre Armelle De sold 67,500 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $91.76, for a total value of $6,193,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,324,468 shares of company stock valued at $245,939,178. 26.06% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Datadog during the first quarter worth about $26,000. Engrave Wealth Partners LLC raised its stake in Datadog by 209.0% during the second quarter. Engrave Wealth Partners LLC now owns 309 shares of the company’s stock worth $26,000 after acquiring an additional 209 shares in the last quarter. Sugarloaf Wealth Management LLC acquired a new position in Datadog during the first quarter worth about $27,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Datadog during the first quarter worth about $32,000. Finally, Harbor Investment Advisory LLC acquired a new position in Datadog during the second quarter worth about $33,000. 29.62% of the stock is owned by institutional investors and hedge funds.
Datadog Company Profile
Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.
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