Datadog (NASDAQ:DDOG) Price Target Raised to $170.00

Datadog (NASDAQ:DDOG) had its target price raised by Jefferies Financial Group from $155.00 to $170.00 in a report published on Monday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

DDOG has been the topic of a number of other reports. BMO Capital Markets raised their target price on Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Sanford C. Bernstein cut their target price on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Mizuho upped their price target on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Wedbush upgraded shares of Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Stifel Nicolaus upped their target price on shares of Datadog from $141.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.46.

Datadog Trading Up 0.3 %

Datadog stock opened at $141.88 on Monday. Datadog has a 12 month low of $98.80 and a 12 month high of $170.08. The stock has a fifty day simple moving average of $144.16 and a two-hundred day simple moving average of $127.94. The firm has a market cap of $48.20 billion, a price-to-earnings ratio of 267.70, a PEG ratio of 20.27 and a beta of 1.14.

Insider Buying and Selling

In other Datadog news, President Amit Agarwal sold 25,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $147.99, for a total value of $3,699,750.00. Following the completion of the sale, the president now owns 195,667 shares of the company’s stock, valued at $28,956,759.33. This trade represents a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Olivier Pomel sold 19,226 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $153.73, for a total value of $2,955,612.98. Following the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $58,370,204.89. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 626,012 shares of company stock valued at $87,854,652. Company insiders own 11.78% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DDOG. True Wealth Design LLC increased its position 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 acquiring an additional 240 shares during the period. Meeder Asset Management Inc. increased its holdings in Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares during the period. Quarry LP bought a new stake in Datadog during the 3rd quarter valued at $33,000. American National Bank & Trust purchased a new stake in shares of Datadog in the 3rd quarter worth $39,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Datadog during the 3rd quarter worth $44,000. 78.29% of the stock is currently owned by institutional investors.

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.