Datadog (NASDAQ:DDOG) Given "Buy" Rating at TD Cowen

TD Cowen reissued their buy rating on shares of Datadog (NASDAQ:DDOG - Free Report) in a report published on Tuesday,Benzinga reports. TD Cowen currently has a $165.00 target price on the stock.

DDOG has been the subject of a number of other research reports. BTIG Research raised shares of Datadog from a "neutral" rating to a "buy" rating and set a $143.00 price objective for the company in a research note on Thursday, August 1st. Sanford C. Bernstein decreased their price objective on shares of Datadog from $157.00 to $151.00 and set an "outperform" rating for the company in a research note on Monday, October 21st. Rosenblatt Securities raised their price objective on shares of Datadog from $140.00 to $148.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Needham & Company LLC decreased their price objective on shares of Datadog from $165.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Finally, BMO Capital Markets raised their price objective on shares of Datadog from $135.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $150.96.

Datadog Trading Up 5.9 %

Shares of NASDAQ:DDOG traded up $7.44 during trading on Tuesday, reaching $133.41. The company's stock had a trading volume of 6,250,252 shares, compared to its average volume of 3,858,826. Datadog has a 12 month low of $98.80 and a 12 month high of $138.61. The firm's 50 day simple moving average is $122.10 and its two-hundred day simple moving average is $119.50. The stock has a market capitalization of $45.32 billion, a PE ratio of 251.72, a price-to-earnings-growth ratio of 18.85 and a beta of 1.10.

Insider Transactions at Datadog

In related news, Director Matthew Jacobson sold 9,256 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the completion of the transaction, the director now directly owns 48,411 shares in the company, valued at $5,230,808.55. The trade was a 16.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Amit Agarwal sold 150,000 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the transaction, the president now owns 214,275 shares of the company's stock, valued at $27,005,078.25. This represents a 41.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 470,579 shares of company stock worth $59,291,041. Company insiders own 11.78% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SouthState Corp acquired a new position in Datadog during the second quarter valued at $26,000. True Wealth Design LLC lifted its position in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company's stock valued at $28,000 after purchasing an additional 240 shares during the period. Meeder Asset Management Inc. lifted its position in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock valued at $33,000 after purchasing an additional 115 shares during the period. Quarry LP acquired a new position in Datadog during the third quarter valued at $33,000. Finally, Blue Trust Inc. acquired a new position in Datadog during the second quarter valued at $37,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.