Datadog (DDOG) Gets a Buy Rating from Rosenblatt Securities
Rosenblatt Securities analyst Yun Kim reiterated a Buy rating on Datadog (DDOG) today and set a price target of $75.00. The company’s shares closed last Tuesday at $65.40.
According to TipRanks.com, Kim is a 5-star analyst with an average return of 14.5% and a 65.2% success rate. Kim covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Manhattan Associates, and Palo Alto Networks.
Datadog has an analyst consensus of Moderate Buy, with a price target consensus of $60.00, implying a -3.0% downside from current levels. In a report issued on April 27, Needham also maintained a Buy rating on the stock with a $58.00 price target.
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The company has a one-year high of $57.18 and a one-year low of $27.55. Currently, Datadog has an average volume of 3.91M.
Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DDOG in relation to earlier this year.
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Datadog, Inc. engages in the development of monitoring and analytics platform for developers, information technology operations teams and business users. Its platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide real-time observability of its customers’ entire technology stack. The company was founded by Olivier Pomel and Alexis Lê-Quôc on June 4, 2010 and is headquartered in New York, NY.