Piper Sandler analyst Rob Owens reiterated a Buy rating on Datadog (DDOG – Research Report) today and set a price target of $150.00. The company’s shares closed yesterday at $129.35.
Owens covers the Technology sector, focusing on stocks such as Datadog, Fortinet, and Palo Alto Networks. According to TipRanks, Owens has an average return of 24.8% and a 66.83% success rate on recommended stocks.
In addition to Piper Sandler, Datadog also received a Buy from Jefferies’s Brent Thill in a report issued on February 25. However, on February 20, JMP Securities maintained a Hold rating on Datadog (NASDAQ: DDOG).
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DDOG market cap is currently $42.55B and has a P/E ratio of 998.07.
Based on the recent corporate insider activity of 146 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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