Datadog (NASDAQ:DDOG) Given New $200.00 Price Target at Loop Capital

Datadog (NASDAQ:DDOG) had its target price boosted by stock analysts at Loop Capital from $160.00 to $200.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Loop Capital’s target price indicates a potential upside of 33.82% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. BNP Paribas initiated coverage on shares of Datadog in a research note on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 target price on the stock. Truist Financial upped their price objective on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. DA Davidson raised their target price on Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays boosted their target price on Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Finally, Rosenblatt Securities increased their price target on Datadog from $140.00 to $148.00 and gave the stock a “buy” 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-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average price target of $157.04.

Datadog Price Performance

NASDAQ DDOG opened at $149.46 on Monday. The stock has a market capitalization of $50.77 billion, a price-to-earnings ratio of 282.01, a PEG ratio of 20.27 and a beta of 1.11. The business’s fifty day moving average is $139.29 and its 200-day moving average is $125.23. Datadog has a one year low of $98.80 and a one year high of $170.08.

Insider Buying and Selling at Datadog

In related news, General Counsel Kerry Acocella sold 2,452 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $120.06, for a total transaction of $294,387.12. Following the completion of the sale, the general counsel now directly owns 74,421 shares in the company, valued at $8,934,985.26. This represents a 3.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Shardul Shah sold 15,832 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $120.02, for a total transaction of $1,900,156.64. Following the transaction, the director now directly owns 459,449 shares of the company’s stock, valued at approximately $55,143,068.98. This trade represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 740,588 shares of company stock worth $101,329,606 over the last three months. Company insiders own 11.78% of the company’s stock.

Institutional Investors Weigh In On Datadog

Several institutional investors and hedge funds have recently bought and sold shares of the business. Peapack Gladstone Financial Corp lifted its stake in Datadog by 39.9% in the third quarter. Peapack Gladstone Financial Corp now owns 5,140 shares of the company’s stock worth $591,000 after acquiring an additional 1,465 shares during the period. Tidal Investments LLC boosted its stake in shares of Datadog by 27.6% during the 3rd quarter. Tidal Investments LLC now owns 28,295 shares of the company’s stock valued at $3,256,000 after purchasing an additional 6,119 shares in the last quarter. Blankinship & Foster LLC bought a new position in Datadog in the third quarter worth about $351,000. Wilmington Savings Fund Society FSB purchased a new stake in Datadog in the third quarter worth about $625,000. Finally, Sanctuary Advisors LLC boosted its position in Datadog by 106.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,018 shares of the company’s stock valued at $1,728,000 after acquiring an additional 7,757 shares in the last quarter. Hedge funds and other institutional investors 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.