Datadog (NASDAQ:DDOG) Shares Up 3.4%

Datadog, Inc. (NASDAQ:DDOG) shot up 3.4% on Thursday . The company traded as high as $130.35 and last traded at $130.06. 548,889 shares were traded during mid-day trading, a decline of 86% from the average session volume of 4,047,147 shares. The stock had previously closed at $125.82.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DDOG shares. Robert W. Baird raised their price objective on shares of Datadog from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. William Blair restated an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Barclays upped their price target on Datadog from $138.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Mizuho raised their price objective on Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Finally, Wells Fargo & Company boosted their target price on Datadog from $100.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.33.

Datadog Trading Down 2.5 %

The firm has a market capitalization of $42.32 billion, a PE ratio of 1,062.58 and a beta of 1.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17. The company has a fifty day moving average of $126.61 and a 200-day moving average of $114.53.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $589.65 million during the quarter, compared to the consensus estimate of $568.73 million. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the business earned ($0.08) EPS. On average, sell-side analysts anticipate that Datadog, Inc. will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $125.53, for a total transaction of $15,955,490.65. Following the transaction, the chief technology officer now owns 290,412 shares in the company, valued at approximately $36,455,418.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $125.53, for a total value of $15,955,490.65. Following the completion of the sale, the chief technology officer now owns 290,412 shares of the company’s stock, valued at approximately $36,455,418.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Madre Armelle De sold 600 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $125.34, for a total transaction of $75,204.00. Following the transaction, the insider now directly owns 100,353 shares in the company, valued at $12,578,245.02. The disclosure for this sale can be found here. Insiders sold 730,990 shares of company stock worth $93,915,631 over the last ninety days. 14.97% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DDOG. Riverview Trust Co acquired a new position in Datadog during the first quarter valued at approximately $26,000. Anchor Investment Management LLC acquired a new position in Datadog in the 4th quarter valued at $25,000. Raleigh Capital Management Inc. bought a new position in Datadog in the 4th quarter worth $29,000. Private Trust Co. NA raised its holdings in Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after acquiring an additional 223 shares during the period. Finally, Jones Financial Companies Lllp bought a new stake in Datadog during the fourth quarter valued at about $33,000. 78.29% of the stock is owned by 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.