Analysts’ Recent Ratings Updates for Datadog (DDOG)

A number of research firms have changed their ratings and price targets for Datadog (NASDAQ: DDOG):

• 5/15/2024 – Datadog had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $165.00 price target on the stock.
• 5/8/2024 – Datadog was upgraded by analysts at Baird R W from a “hold” rating to a “strong-buy” rating.
• 5/8/2024 – Datadog had its price target lowered by analysts at Barclays PLC from $152.00 to $145.00. They now have an “overweight” rating on the stock.
• 5/8/2024 – Datadog had its price target lowered by analysts at BMO Capital Markets from $155.00 to $140.00. They now have an “outperform” rating on the stock.
• 5/8/2024 – Datadog was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $140.00 price target on the stock, up previously from $130.00.
• 5/8/2024 – Datadog was upgraded by analysts at JMP Securities to a “hold” rating.
• 5/7/2024 – Datadog had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $165.00 price target on the stock.
• 5/6/2024 – Datadog had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $155.00 price target on the stock.
• 5/6/2024 – Datadog had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $146.00 price target on the stock.
• 4/23/2024 – Datadog was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $150.00 price target on the stock, up previously from $130.00.
• 4/22/2024 – Datadog had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $152.00 price target on the stock.
• 4/17/2024 – Datadog had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $150.00 price target on the stock.

Datadog Trading Up 0.3 %

Shares of DDOG stock opened at $122.75 on Thursday. Datadog, Inc. has a 12 month low of $77.81 and a 12 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. The business’s 50 day moving average is $123.16 and its two-hundred day moving average is $121.76. The company has a market cap of $41.06 billion, a PE ratio of 383.59, a price-to-earnings-growth ratio of 47.26 and a beta of 1.14.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 19,226 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $130.06, for a total value of $2,500,533.56. Following the completion of the sale, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at $38,897,694.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Madre Armelle De sold 300 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $113.37, for a total value of $34,011.00. Following the completion of the transaction, the insider now directly owns 100,053 shares of the company’s stock, valued at $11,343,008.61. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 19,226 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $130.06, for a total value of $2,500,533.56. Following the completion of the transaction, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at $38,897,694.50. The disclosure for this sale can be found here. Insiders have sold a total of 712,402 shares of company stock worth $89,071,727 over the last 90 days. Insiders own 11.78% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DDOG. Anchor Investment Management LLC bought a new position in shares of Datadog during the fourth quarter valued at $25,000. Riverview Trust Co acquired a new stake in shares of Datadog in the first quarter valued at $26,000. Raleigh Capital Management Inc. acquired a new stake in shares of Datadog in the fourth quarter valued at $29,000. Private Trust Co. NA increased its stake in shares of Datadog by 743.3% in the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after buying an additional 223 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Datadog in the fourth quarter valued at $33,000. 78.29% of the stock is owned by 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.