In a report released today, Imtiaz Koujalgi from Wedbush maintained a Buy rating on Datadog (DDOG – Research Report), with a price target of $155.00. The company’s shares closed yesterday at $117.28.
Koujalgi covers the Technology sector, focusing on stocks such as Datadog, Okta, and CrowdStrike Holdings. According to TipRanks, Koujalgi has an average return of 19.5% and a 65.52% success rate on recommended stocks.
Currently, the analyst consensus on Datadog is a Strong Buy with an average price target of $148.44, which is a 26.57% upside from current levels. In a report released yesterday, Scotiabank also reiterated a Buy rating on the stock with a $145.00 price target.
Based on Datadog’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $589.65 million and a net profit of $53.99 million. In comparison, last year the company earned a revenue of $469.4 million and had a GAAP net loss of $29.03 million
Based on the recent corporate insider activity of 155 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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Datadog (DDOG) Company Description:
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.
