4. QUALITY EDUCATION

Datadog (NASDAQ:DDOG) Given New $155.00 Price Target at Truist Financial

Written by Amanda

Datadog (NASDAQ:DDOGFree Report) had its target price boosted by Truist Financial from $140.00 to $155.00 in a report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on DDOG. Royal Bank of Canada boosted their price objective on shares of Datadog from $103.00 to $120.00 and gave the company an outperform rating in a research note on Wednesday, November 8th. Mizuho cut shares of Datadog from a buy rating to a neutral rating and set a $108.00 price objective on the stock. in a research note on Wednesday, November 8th. JPMorgan Chase & Co. raised shares of Datadog from a neutral rating to an overweight rating and upped their price target for the stock from $90.00 to $115.00 in a research note on Tuesday, November 7th. Scotiabank started coverage on shares of Datadog in a report on Tuesday, December 5th. They issued a sector outperform rating and a $138.00 price target for the company. Finally, Cantor Fitzgerald upped their target price on shares of Datadog from $115.00 to $145.00 and gave the stock an overweight rating in a research report on Monday. Seven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $125.10.

Check Out Our Latest Stock Analysis on DDOG

Datadog Stock Up 3.4 %

DDOG stock opened at $136.15 on Wednesday. The company has a fifty day moving average price of $123.78 and a 200 day moving average price of $105.98. Datadog has a 12 month low of $62.60 and a 12 month high of $138.61. The company has a market cap of $44.73 billion, a price-to-earnings ratio of -1,134.49, a price-to-earnings-growth ratio of 28.52 and a beta of 1.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.35 and a quick ratio of 3.35.

Datadog (NASDAQ:DDOGGet Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $589.65 million for the quarter, compared to analysts’ expectations of $568.73 million. Datadog had a negative net margin of 1.72% and a negative return on equity of 1.39%. Datadog’s revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. Sell-side analysts expect that Datadog will post 0.16 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, CFO David M. Obstler sold 10,000 shares of Datadog stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $116.88, for a total value of $1,168,800.00. Following the transaction, the chief financial officer now owns 260,617 shares in the company, valued at approximately $30,460,914.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO David M. Obstler sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $116.88, for a total value of $1,168,800.00. Following the transaction, the chief financial officer now owns 260,617 shares of the company’s stock, valued at approximately $30,460,914.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 133,315 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the completion of the transaction, the chief executive officer now directly owns 299,075 shares in the company, valued at approximately $38,825,916.50. The disclosure for this sale can be found here. Insiders have sold a total of 962,409 shares of company stock worth $117,326,054 in the last quarter. 14.97% of the stock is owned by insiders.

Hedge Funds Weigh In On Datadog

Hedge funds have recently made changes to their positions in the business. Continuum Advisory LLC increased its stake in Datadog by 1.6% during the 4th quarter. Continuum Advisory LLC now owns 21,416 shares of the company’s stock worth $2,599,000 after buying an additional 342 shares during the period. Pathstone Holdings LLC acquired a new position in shares of Datadog in the 4th quarter valued at about $2,503,000. Pitcairn Co. boosted its holdings in shares of Datadog by 20.4% in the 4th quarter. Pitcairn Co. now owns 11,586 shares of the company’s stock valued at $1,406,000 after buying an additional 1,964 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Datadog in the 4th quarter valued at about $3,788,000. Finally, Point72 Asset Management L.P. acquired a new position in Datadog during the 4th quarter valued at about $31,290,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

About Datadog

(Get Free Report)

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company’s products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management.

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Analyst Recommendations for Datadog (NASDAQ:DDOG)



Receive News & Ratings for Datadog Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Datadog and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

Datadog (NASDAQ:DDOGFree Report) had its target price boosted by Truist Financial from $140.00 to $155.00 in a report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on DDOG. Royal Bank of Canada boosted their price objective on shares of Datadog from $103.00 to $120.00 and gave the company an outperform rating in a research note on Wednesday, November 8th. Mizuho cut shares of Datadog from a buy rating to a neutral rating and set a $108.00 price objective on the stock. in a research note on Wednesday, November 8th. JPMorgan Chase & Co. raised shares of Datadog from a neutral rating to an overweight rating and upped their price target for the stock from $90.00 to $115.00 in a research note on Tuesday, November 7th. Scotiabank started coverage on shares of Datadog in a report on Tuesday, December 5th. They issued a sector outperform rating and a $138.00 price target for the company. Finally, Cantor Fitzgerald upped their target price on shares of Datadog from $115.00 to $145.00 and gave the stock an overweight rating in a research report on Monday. Seven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $125.10.

Check Out Our Latest Stock Analysis on DDOG

Datadog Stock Up 3.4 %

DDOG stock opened at $136.15 on Wednesday. The company has a fifty day moving average price of $123.78 and a 200 day moving average price of $105.98. Datadog has a 12 month low of $62.60 and a 12 month high of $138.61. The company has a market cap of $44.73 billion, a price-to-earnings ratio of -1,134.49, a price-to-earnings-growth ratio of 28.52 and a beta of 1.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.35 and a quick ratio of 3.35.

Datadog (NASDAQ:DDOGGet Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $589.65 million for the quarter, compared to analysts’ expectations of $568.73 million. Datadog had a negative net margin of 1.72% and a negative return on equity of 1.39%. Datadog’s revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.08) EPS. Sell-side analysts expect that Datadog will post 0.16 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, CFO David M. Obstler sold 10,000 shares of Datadog stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $116.88, for a total value of $1,168,800.00. Following the transaction, the chief financial officer now owns 260,617 shares in the company, valued at approximately $30,460,914.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO David M. Obstler sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $116.88, for a total value of $1,168,800.00. Following the transaction, the chief financial officer now owns 260,617 shares of the company’s stock, valued at approximately $30,460,914.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 133,315 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the completion of the transaction, the chief executive officer now directly owns 299,075 shares in the company, valued at approximately $38,825,916.50. The disclosure for this sale can be found here. Insiders have sold a total of 962,409 shares of company stock worth $117,326,054 in the last quarter. 14.97% of the stock is owned by insiders.

Hedge Funds Weigh In On Datadog

Hedge funds have recently made changes to their positions in the business. Continuum Advisory LLC increased its stake in Datadog by 1.6% during the 4th quarter. Continuum Advisory LLC now owns 21,416 shares of the company’s stock worth $2,599,000 after buying an additional 342 shares during the period. Pathstone Holdings LLC acquired a new position in shares of Datadog in the 4th quarter valued at about $2,503,000. Pitcairn Co. boosted its holdings in shares of Datadog by 20.4% in the 4th quarter. Pitcairn Co. now owns 11,586 shares of the company’s stock valued at $1,406,000 after buying an additional 1,964 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Datadog in the 4th quarter valued at about $3,788,000. Finally, Point72 Asset Management L.P. acquired a new position in Datadog during the 4th quarter valued at about $31,290,000. Hedge funds and other institutional investors own 68.30% of the company’s stock.

About Datadog

(Get Free Report)

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company’s products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management.

Recommended Stories

Analyst Recommendations for Datadog (NASDAQ:DDOG)



Receive News & Ratings for Datadog Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Datadog and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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