DDOG

TD Cowen Initiates Coverage of Datadog Inc - (DDOG) with Outperform Recommendation

Fintel reports that on August 18, 2023, TD Cowen initiated coverage of Datadog Inc - (NASDAQ:DDOG) with a Outperform recommendation.

Analyst Price Forecast Suggests 16.21% Upside

As of August 2, 2023, the average one-year price target for Datadog Inc - is 108.81. The forecasts range from a low of 70.70 to a high of $147.00. The average price target represents an increase of 16.21% from its latest reported closing price of 93.63.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Datadog Inc - is 2,262MM, an increase of 19.23%. The projected annual non-GAAP EPS is 1.20.

What is the Fund Sentiment?

There are 1276 funds or institutions reporting positions in Datadog Inc -. This is a decrease of 1 owner(s) or 0.08% in the last quarter. Average portfolio weight of all funds dedicated to DDOG is 0.45%, a decrease of 5.70%. Total shares owned by institutions decreased in the last three months by 2.18% to 245,546K shares. DDOG / Datadog Inc - Class A Put/Call Ratios The put/call ratio of DDOG is 1.10, indicating a bearish outlook.

What are Other Shareholders Doing?

DDOG / Datadog Inc - Class A Shares Held by Institutions

Baillie Gifford holds 10,392K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 6,095K shares, representing an increase of 41.35%. The firm increased its portfolio allocation in DDOG by 117.49% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,142K shares representing 2.51% ownership of the company. In it's prior filing, the firm reported owning 7,986K shares, representing an increase of 1.91%. The firm decreased its portfolio allocation in DDOG by 6.94% over the last quarter.

ICONIQ Capital holds 7,817K shares representing 2.41% ownership of the company. In it's prior filing, the firm reported owning 13,176K shares, representing a decrease of 68.55%. The firm decreased its portfolio allocation in DDOG by 72.09% over the last quarter.

Wcm Investment Management holds 6,204K shares representing 1.91% ownership of the company. In it's prior filing, the firm reported owning 4,757K shares, representing an increase of 23.32%. The firm increased its portfolio allocation in DDOG by 65.05% over the last quarter.

VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 6,139K shares representing 1.89% ownership of the company. In it's prior filing, the firm reported owning 6,124K shares, representing an increase of 0.25%. The firm decreased its portfolio allocation in DDOG by 4.07% over the last quarter.

Datadog Background Information
(This description is provided by the company.)

Datadog is the monitoring and security platform for cloud applications. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide unified, real-time observability of its customers' entire technology stack. Datadog is used by organizations of all sizes and across a wide range of industries to enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior and track key business metrics.

Additional reading:

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

Click to Learn More

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.