Rosenblatt Securities Remains a Hold on Datadog (DDOG)
In a report released today, Blair Abernethy from Rosenblatt Securities maintained a Hold rating on Datadog (DDOG), with a price target of $97.00. The company’s shares closed last Thursday at $71.36.
According to TipRanks.com, Abernethy is a 4-star analyst with an average return of 9.7% and a 61.1% success rate. Abernethy covers the Technology sector, focusing on stocks such as Sumo Logic, Snowflake, and Dynatrace.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Datadog with a $113.91 average price target, implying 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 3.59M.
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.
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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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