Datadog (NASDAQ:DDOG) Stock Price Up 3% Following Analyst Upgrade

Share on StockTwits

Datadog (NASDAQ:DDOG) rose 3% during trading on Thursday after Credit Suisse Group raised their price target on the stock from $40.00 to $45.00. Credit Suisse Group currently has a neutral rating on the stock. Datadog traded as high as $41.92 and last traded at $41.39, approximately 80,709 shares were traded during trading. A decline of 95% from the average daily volume of 1,550,335 shares. The stock had previously closed at $40.19.

Other equities research analysts also recently issued reports about the stock. Barclays lifted their price target on shares of Datadog from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday. JMP Securities initiated coverage on shares of Datadog in a report on Monday, October 14th. They set a “market perform” rating for the company. Goldman Sachs Group initiated coverage on shares of Datadog in a report on Monday, October 14th. They set a “neutral” rating and a $33.00 price target for the company. Stifel Nicolaus lifted their price target on shares of Datadog from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group lifted their price target on shares of Datadog from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Wednesday. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $41.67.

In related news, major shareholder Iconiq Strategic Partners Ii, bought 525,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was purchased at an average cost of $27.00 per share, for a total transaction of $14,175,000.00. Also, CFO David M. Obstler bought 15,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was bought at an average price of $27.00 per share, with a total value of $405,000.00. Over the last 90 days, insiders purchased 571,280 shares of company stock valued at $15,271,460.

A number of institutional investors have recently added to or reduced their stakes in the stock. Index Venture Associates VI Ltd purchased a new stake in Datadog in the third quarter valued at approximately $1,363,311,000. TimesSquare Capital Management LLC purchased a new stake in Datadog during the third quarter worth approximately $28,600,000. Pelham Capital Ltd. purchased a new stake in Datadog during the third quarter worth approximately $2,543,000. Zweig DiMenna Associates LLC purchased a new stake in Datadog during the third quarter worth approximately $1,916,000. Finally, Segantii Capital Management Ltd purchased a new stake in Datadog during the third quarter worth approximately $1,187,000. Hedge funds and other institutional investors own 14.24% of the company’s stock.

The stock has a 50 day moving average of $33.80.

Datadog Company Profile (NASDAQ:DDOG)

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.

Read More: How Do Mutual Funds Work?

Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

ArcelorMittal  Given New $22.00 Price Target at KeyCorp
ArcelorMittal Given New $22.00 Price Target at KeyCorp
Kansas City Southern  PT Raised to $169.00
Kansas City Southern PT Raised to $169.00
Investors Buy Large Volume of Put Options on Lovesac
Investors Buy Large Volume of Put Options on Lovesac
Investors Buy Large Volume of Equity Residential Call Options
Investors Buy Large Volume of Equity Residential Call Options
Schaeffler  Given a €10.50 Price Target by HSBC Analysts
Schaeffler Given a €10.50 Price Target by HSBC Analysts
Hershey  Now Covered by Deutsche Bank
Hershey Now Covered by Deutsche Bank


© 2006-2019 Ticker Report