KeyBanc analyst Eric Heath maintained a Hold rating on Datadog (DDOG – Research Report) today. The company’s shares closed yesterday at $131.68.
Heath covers the Technology sector, focusing on stocks such as CyberArk Software, CrowdStrike Holdings, and Palo Alto Networks. According to TipRanks, Heath has an average return of 30.4% and an 88.89% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Datadog with a $139.74 average price target, implying a 6.12% upside from current levels. In a report released today, Robert W. Baird also assigned a Hold rating to the stock with a $130.00 price target.
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Based on Datadog’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $547.54 million and a net profit of $22.63 million. In comparison, last year the company earned a revenue of $436.53 million and had a GAAP net loss of $25.99 million
Based on the recent corporate insider activity of 149 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.
Read More on DDOG:
- Datadog Inc Reported Earnings. Did it Beat Estimates?
- Datadog (NASDAQ:DDOG) Falls after Projections Disappoint
- Datadog Announces Fourth Quarter and Fiscal Year 2023 Financial Results
- Options Volatility and Implied Earnings Moves Today, February 13, 2024
- Notable companies reporting before tomorrow’s open
