Datadog (NASDAQ:DDOG) Price Target Raised to $125.00 at Royal Bank of Canada

Datadog (NASDAQ:DDOGGet Rating) had its price target hoisted by Royal Bank of Canada from $115.00 to $125.00 in a research report released on Friday, The Fly reports.

DDOG has been the subject of several other reports. Sanford C. Bernstein began coverage on Datadog in a research report on Tuesday, July 19th. They issued an outperform rating and a $172.00 price objective for the company. Canaccord Genuity Group began coverage on Datadog in a research report on Thursday, July 7th. They issued a hold rating and a $120.00 price objective for the company. Barclays lowered their price objective on Datadog from $150.00 to $130.00 and set an overweight rating for the company in a research report on Friday. Truist Financial lowered their price objective on Datadog from $200.00 to $170.00 in a research report on Friday, May 6th. Finally, Needham & Company LLC lowered their price objective on Datadog from $145.00 to $135.00 and set a buy rating for the company in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $154.20.

Datadog Trading Up 2.5 %

NASDAQ DDOG opened at $113.29 on Friday. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.66. Datadog has a twelve month low of $81.12 and a twelve month high of $199.68. The company has a market cap of $35.69 billion, a price-to-earnings ratio of 11,340.34 and a beta of 1.15. The business’s fifty day moving average is $98.82 and its 200 day moving average is $121.67.

Datadog (NASDAQ:DDOGGet Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.14 by $0.10. The firm had revenue of $406.14 million for the quarter, compared to the consensus estimate of $381.28 million. Datadog had a return on equity of 2.34% and a net margin of 0.48%. The business’s quarterly revenue was up 73.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.02) EPS. As a group, sell-side analysts expect that Datadog will post -0.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other Datadog news, CRO Sean Michael Walters sold 1,471 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $102.22, for a total transaction of $150,365.62. Following the completion of the sale, the executive now directly owns 154,639 shares of the company’s stock, valued at approximately $15,807,198.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO David M. Obstler sold 9,693 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $115.38, for a total value of $1,118,378.34. Following the transaction, the chief financial officer now owns 209,810 shares in the company, valued at approximately $24,207,877.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Sean Michael Walters sold 1,471 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $102.22, for a total value of $150,365.62. Following the completion of the transaction, the executive now owns 154,639 shares in the company, valued at approximately $15,807,198.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,650 shares of company stock valued at $15,336,520. Corporate insiders own 15.80% of the company’s stock.

Hedge Funds Weigh In On Datadog

Hedge funds and other institutional investors have recently modified their holdings of the business. UMB Bank N A MO purchased a new position in Datadog in the fourth quarter valued at approximately $25,000. Optimum Investment Advisors purchased a new position in Datadog in the fourth quarter valued at approximately $27,000. Retirement Planning Co of New England Inc. purchased a new position in Datadog in the fourth quarter valued at approximately $27,000. Riverview Trust Co purchased a new position in Datadog in the first quarter valued at approximately $27,000. Finally, Catalyst Capital Advisors LLC purchased a new position in Datadog in the first quarter valued at approximately $27,000. Hedge funds and other institutional investors own 65.17% of the company’s stock.

About Datadog

(Get Rating)

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.

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