Datadog (NASDAQ:DDOG) Coverage Initiated at JMP Securities

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Analysts at JMP Securities assumed coverage on shares of Datadog (NASDAQ:DDOG) in a report released on Monday, The Fly reports. The brokerage set a “market perform” rating on the stock.

DDOG has been the subject of a number of other research reports. Goldman Sachs Group started coverage on Datadog in a report on Monday. They set a “neutral” rating and a $33.00 price target for the company. Jefferies Financial Group started coverage on Datadog in a report on Monday. They set a “hold” rating and a $34.00 price target for the company. William Blair started coverage on Datadog in a report on Monday. They set an “outperform” rating for the company. Stifel Nicolaus started coverage on Datadog in a report on Monday. They set a “buy” rating and a $40.00 price target for the company. Finally, Royal Bank of Canada started coverage on Datadog in a report on Monday. They set a “sector perform” rating and a $39.00 price target for the company. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $40.00.

Shares of Datadog stock traded up $0.07 during trading on Monday, reaching $35.74. 30,638 shares of the company’s stock were exchanged, compared to its average volume of 2,039,461. Datadog has a 1-year low of $30.01 and a 1-year high of $41.44.

In other news, CFO David M. Obstler acquired 15,000 shares of Datadog stock in a transaction that occurred on Monday, September 23rd. The shares were acquired at an average price of $27.00 per share, for a total transaction of $405,000.00. Also, major shareholder Iconiq Strategic Partners Ii, acquired 525,000 shares of Datadog stock in a transaction that occurred on Monday, September 23rd. The shares were purchased at an average price of $27.00 per share, for a total transaction of $14,175,000.00. Insiders have purchased a total of 569,000 shares of company stock worth $15,258,760 in 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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