Cantor Fitzgerald Reaffirms Overweight Rating for Datadog (NASDAQ:DDOG)

Cantor Fitzgerald reiterated their overweight rating on shares of Datadog (NASDAQ:DDOG) in a report published on Wednesday morning, Benzinga reports. Cantor Fitzgerald currently has a $150.00 price objective on the stock.

A number of other brokerages have also recently commented on DDOG. William Blair reiterated an outperform rating on shares of Datadog in a research report on Friday, February 16th. Barclays raised their target price on shares of Datadog from $138.00 to $152.00 and gave the stock an overweight rating in a report on Wednesday, February 14th. Robert W. Baird raised their target price on shares of Datadog from $120.00 to $130.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. Truist Financial raised their target price on shares of Datadog from $140.00 to $155.00 and gave the stock a buy rating in a report on Wednesday, February 14th. Finally, Wells Fargo & Company raised their target price on shares of Datadog from $100.00 to $130.00 and gave the stock an equal weight rating in a report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $130.52.

Datadog Stock Down 3.9 %

Shares of NASDAQ DDOG opened at $120.09 on Wednesday. Datadog has a one year low of $62.60 and a one year high of $138.61. 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 firm’s 50 day simple moving average is $125.89 and its two-hundred day simple moving average is $115.75. The stock has a market capitalization of $39.85 billion, a P/E ratio of 1,000.75 and a beta of 1.15.

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

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 133,315 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was 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 owns 299,075 shares of the company’s stock, valued at $38,825,916.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Olivier Pomel sold 133,315 shares of Datadog stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total value of $17,306,953.30. Following the completion of the transaction, the chief executive officer now owns 299,075 shares of the company’s stock, valued at approximately $38,825,916.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO David M. Obstler sold 70,000 shares of Datadog stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $120.73, for a total value of $8,451,100.00. Following the completion of the transaction, the chief financial officer now directly owns 275,191 shares of the company’s stock, valued at approximately $33,223,809.43. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 745,984 shares of company stock valued at $95,917,681. 14.97% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Datadog

Several large investors have recently modified their holdings of DDOG. Norges Bank purchased a new position in shares of Datadog in the 4th quarter worth about $384,986,000. Massachusetts Financial Services Co. MA bought a new stake in Datadog in the 3rd quarter worth about $189,668,000. Alkeon Capital Management LLC bought a new stake in Datadog in the 3rd quarter worth about $127,526,000. Vanguard Group Inc. increased its holdings in Datadog by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock worth $2,416,151,000 after buying an additional 1,191,742 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Datadog by 104.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,084,788 shares of the company’s stock worth $315,783,000 after buying an additional 1,066,716 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Company Profile

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.