Shares of Datadog (NASDAQ:DDOG) have earned an average rating of “Hold” from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $40.89.

Several analysts have recently issued reports on the company. Credit Suisse Group assumed coverage on Datadog in a research note on Wednesday, November 6th. They issued a “neutral” rating and a $40.00 price objective on the stock. They noted that the move was a valuation call. Oppenheimer started coverage on Datadog in a report on Thursday, November 21st. They issued a “market perform” rating for the company. JPMorgan Chase & Co. started coverage on Datadog in a research note on Monday, October 14th. They set an “overweight” rating and a $45.00 target price for the company. William Blair restated a “buy” rating on shares of Datadog in a report on Wednesday, November 13th. Finally, Barclays began coverage on Datadog in a research report on Monday, October 14th. They issued an “overweight” rating and a $45.00 price target on the stock.

Shares of NASDAQ:DDOG traded up $0.05 during trading on Tuesday, hitting $35.91. The company’s stock had a trading volume of 2,850,308 shares, compared to its average volume of 1,989,626. Datadog has a fifty-two week low of $27.55 and a fifty-two week high of $44.09. The firm’s 50 day simple moving average is $36.26. The company has a quick ratio of 4.94, a current ratio of 4.94 and a debt-to-equity ratio of 0.07.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in DDOG. California State Teachers Retirement System purchased a new stake in Datadog during the 3rd quarter worth about $34,000. FNY Investment Advisers LLC purchased a new position in shares of Datadog in the 3rd quarter valued at about $161,000. Price Wealth LLC purchased a new position in shares of Datadog in the 3rd quarter valued at about $178,000. SG Americas Securities LLC purchased a new position in shares of Datadog in the 3rd quarter valued at about $196,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Datadog during the 3rd quarter worth about $383,000. 33.70% of the stock is owned by institutional investors.

About Datadog

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.

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Analyst Recommendations for Datadog (NASDAQ:DDOG)

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