Datadog (NASDAQ:DDOG) Receives Average Rating of “Hold” from Brokerages

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Datadog (NASDAQ:DDOG) has received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $40.00.

DDOG has been the topic of several research reports. Royal Bank of Canada initiated coverage on shares of Datadog in a report on Monday, October 14th. They issued a “sector perform” rating and a $39.00 price target on the stock. Goldman Sachs Group initiated coverage on shares of Datadog in a report on Monday, October 14th. They issued a “neutral” rating and a $33.00 price target on the stock. Needham & Company LLC initiated coverage on shares of Datadog in a report on Monday, October 14th. They issued a “buy” rating and a $45.00 price target on the stock. Barclays initiated coverage on shares of Datadog in a report on Monday, October 14th. They issued an “overweight” rating and a $45.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Datadog in a report on Monday, October 14th. They issued an “overweight” rating and a $45.00 price target on the stock.

In related news, insider Amit Agarwal acquired 25,000 shares of the stock in a transaction on Monday, September 23rd. The shares were acquired at an average price of $27.00 per share, for a total transaction of $675,000.00. Also, CFO David M. Obstler acquired 15,000 shares of the stock in a transaction on Monday, September 23rd. The stock was bought at an average price of $27.00 per share, for a total transaction of $405,000.00. In the last quarter, insiders purchased 571,280 shares of company stock worth $15,271,460.

Shares of DDOG traded down $1.56 during mid-day trading on Monday, hitting $30.01. 1,981,598 shares of the company traded hands, compared to its average volume of 1,963,507. Datadog has a 1-year low of $29.70 and a 1-year high of $41.44.

Datadog Company Profile

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.

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Analyst Recommendations for Datadog (NASDAQ:DDOG)

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