Datadog’s (DDOG) Neutral Rating Reaffirmed at Guggenheim

Guggenheim reiterated their neutral rating on shares of Datadog (NASDAQ:DDOG) in a research note published on Wednesday,Benzinga reports.

DDOG has been the subject of several other research reports. Loop Capital boosted their target price on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Jefferies Financial Group increased their price objective on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Citigroup lifted their target price on Datadog from $157.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, January 17th. TD Cowen reiterated a “buy” rating and set a $165.00 price target on shares of Datadog in a research report on Tuesday, November 19th. Finally, Morgan Stanley restated an “equal weight” rating and set a $143.00 price objective on shares of Datadog in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average price target of $158.45.

Datadog Trading Up 0.6 %

Shares of NASDAQ DDOG opened at $140.99 on Wednesday. The company has a market capitalization of $47.90 billion, a price-to-earnings ratio of 266.02, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14. Datadog has a twelve month low of $98.80 and a twelve month high of $170.08. The business has a 50 day simple moving average of $147.06 and a 200-day simple moving average of $128.82.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the transaction, the chief technology officer now owns 324,778 shares of the company’s stock, valued at approximately $45,861,901.38. This trade represents a 28.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the sale, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at $61,236,887.04. This represents a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 642,679 shares of company stock valued at $92,155,421 in the last quarter. Insiders own 11.78% of the company’s stock.

Institutional Investors Weigh In On Datadog

A number of large investors have recently made changes to their positions in the company. True Wealth Design LLC grew its position in Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of Datadog in the fourth quarter worth $30,000. Avior Wealth Management LLC grew its holdings in shares of Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares in the last quarter. Meeder Asset Management Inc. raised 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 buying an additional 115 shares during the period. Finally, Quarry LP purchased a new stake in Datadog in the 3rd quarter worth about $33,000. Institutional investors and hedge funds 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.