JMP Securities Initiates Coverage on Datadog (NASDAQ:DDOG)

Research analysts at JMP Securities started coverage on shares of Datadog (NASDAQ:DDOG) in a research report issued to clients and investors on Monday, Marketbeat reports. The firm set a “market perform” rating on the stock.

A number of other brokerages have also commented on DDOG. Stifel Nicolaus assumed coverage on Datadog in a research report on Monday. They issued a “buy” rating and a $40.00 price objective on the stock. Goldman Sachs Group assumed coverage on Datadog in a research report on Monday. They issued a “neutral” rating and a $33.00 price objective on the stock. Morgan Stanley assumed coverage on Datadog in a research report on Monday. They issued an “equal weight” rating and a $39.00 price objective on the stock. Royal Bank of Canada assumed coverage on Datadog in a research report on Monday. They issued a “sector perform” rating and a $39.00 price objective on the stock. Finally, Jefferies Financial Group assumed coverage on Datadog in a research report on Monday. They issued a “hold” rating and a $34.00 price target on the stock. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Datadog presently has an average rating of “Hold” and an average price target of $40.00.

Shares of DDOG opened at $34.80 on Monday. Datadog has a 52 week low of $30.01 and a 52 week high of $41.44.

In related news, insider Amit Agarwal purchased 25,000 shares of Datadog stock in a transaction dated Monday, September 23rd. The shares were acquired at an average cost of $27.00 per share, for a total transaction of $675,000.00. Also, CFO David M. Obstler purchased 15,000 shares of Datadog stock in a transaction dated Monday, September 23rd. The stock was bought at an average price 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.

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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