Datadog (NASDAQ:DDOG) Coverage Initiated by Analysts at William Blair

William Blair initiated coverage on shares of Datadog (NASDAQ:DDOG) in a research note issued to investors on Monday morning, BenzingaRatingsTable reports. The firm issued an outperform rating on the stock.

Several other research firms have also issued reports on DDOG. Morgan Stanley started coverage on shares of Datadog in a report on Monday. They issued an equal weight rating and a $39.00 target price for the company. Goldman Sachs Group started coverage on shares of Datadog in a report on Monday. They issued a neutral rating and a $33.00 target price for the company. Finally, Royal Bank of Canada started coverage on shares of Datadog in a report on Monday. They issued a sector perform rating and a $39.00 target price for the company. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. Datadog presently has an average rating of Hold and a consensus price target of $40.00.

Datadog stock opened at $33.70 on Monday. Datadog has a 12-month low of $30.01 and a 12-month high of $41.44.

In related news, major shareholder Iconiq Strategic Partners Ii, acquired 525,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was bought at an average price of $27.00 per share, for a total transaction of $14,175,000.00. Also, CFO David M. Obstler acquired 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were bought at an average price of $27.00 per share, with a total value of $405,000.00. Insiders have purchased a total of 569,000 shares of company stock valued at $15,258,760 in the last quarter.

Datadog Company Profile

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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