Macquarie Reiterates "Outperform" Rating for Datadog (NASDAQ:DDOG)

Macquarie restated their outperform rating on shares of Datadog (NASDAQ:DDOG - Free Report) in a research report report published on Tuesday morning,Benzinga reports. Macquarie currently has a $200.00 price objective on the stock.

A number of other brokerages also recently issued reports on DDOG. Sanford C. Bernstein cut their price target on shares of Datadog from $157.00 to $151.00 and set an "outperform" rating for the company in a report on Monday, October 21st. Wedbush upgraded shares of Datadog from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 17th. Citigroup raised their price target on shares of Datadog from $157.00 to $170.00 and gave the stock a "buy" rating in a report on Friday, January 17th. BMO Capital Markets raised their price target on shares of Datadog from $135.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, Jefferies Financial Group raised their price target on shares of Datadog from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $158.39.

Datadog Stock Down 3.6 %

DDOG traded down $4.88 during trading on Tuesday, reaching $131.01. The company's stock had a trading volume of 8,662,424 shares, compared to its average volume of 4,322,070. The firm has a fifty day simple moving average of $145.10 and a two-hundred day simple moving average of $131.02. Datadog has a 1 year low of $98.80 and a 1 year high of $170.08. The company has a market cap of $44.51 billion, a price-to-earnings ratio of 247.19, a PEG ratio of 16.83 and a beta of 1.15.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 9.41% and a net margin of 7.58%. As a group, equities analysts forecast that Datadog will post 0.53 EPS for the current fiscal year.

Insider Transactions at Datadog

In other Datadog news, CEO Olivier Pomel sold 178,723 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the transaction, the chief executive officer now owns 379,693 shares in the company, valued at $61,236,887.04. This represents a 32.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the completion of the transaction, the chief technology officer now owns 324,778 shares of the company's stock, valued at $45,861,901.38. This represents a 28.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 627,586 shares of company stock valued at $92,540,479. Insiders own 11.78% of the company's stock.

Institutional Investors Weigh In On Datadog

Hedge funds have recently made changes to their positions in the business. True Wealth Design LLC boosted its stake in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company's stock worth $28,000 after buying an additional 240 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in shares of Datadog during the fourth quarter worth about $30,000. Avior Wealth Management LLC boosted its stake in shares of Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after buying an additional 81 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock worth $33,000 after buying an additional 115 shares during the period. Finally, Quarry LP purchased a new position in Datadog during the third quarter worth about $33,000. Institutional investors and hedge funds own 78.29% of the company's stock.

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.