Datadog (DDOG): New Buy Recommendation for This Technology Giant
Needham analyst Jack Andrews reiterated a Buy rating on Datadog (DDOG) today and set a price target of $150.00. The company’s shares closed last Thursday at $71.36.
According to TipRanks.com, Andrews is a 5-star analyst with an average return of 22.1% and a 56.8% success rate. Andrews covers the Technology sector, focusing on stocks such as LiveRamp Holdings, CommVault Systems, and Pegasystems.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Datadog with a $112.09 average price target, implying a 48.1% upside from current levels. In a report issued on April 30, Monness also maintained a Buy rating on the stock with a $100.00 price target.
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The company has a one-year high of $119.43 and a one-year low of $46.01. Currently, Datadog has an average volume of 3.59M.
Based on the recent corporate insider activity of 194 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Founded in 2010, Datadog, Inc. provides a monitoring and analytics platform for developers, information technology operations teams and business users, through an SaaS-based data analytics platform.
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