Datadog (DDOG) Receives a Hold from Oppenheimer
Oppenheimer analyst Ittai Kidron maintained a Hold rating on Datadog (DDOG) yesterday. The company’s shares closed last Thursday at $71.36.
According to TipRanks.com, Kidron is a top 100 analyst with an average return of 36.0% and a 68.8% success rate. Kidron covers the Technology sector, focusing on stocks such as Zoom Video Communications, CrowdStrike Holdings, and Palo Alto Networks.
Currently, the analyst consensus on Datadog is a Moderate Buy with an average price target of $113.91, which is a 50.5% upside from current levels. In a report issued on May 3, RBC Capital also maintained a Hold rating on the stock with a $105.00 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 3.54M.
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.
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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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