Datadog (NASDAQ:DDOG) had its price objective raised by Jefferies Financial Group from $34.00 to $36.00 in a research report sent to investors on Wednesday, The Fly reports. They currently have a hold rating on the stock. Jefferies Financial Group also issued estimates for Datadog’s Q4 2019 earnings at ($0.02) EPS, FY2019 earnings at ($0.12) EPS, Q1 2020 earnings at ($0.02) EPS, Q2 2020 earnings at ($0.02) EPS, Q3 2020 earnings at ($0.02) EPS, Q4 2020 earnings at ($0.02) EPS and FY2020 earnings at ($0.07) EPS. The analysts noted that the move was a valuation call.

A number of other equities analysts have also recently issued reports on DDOG. JMP Securities initiated coverage on shares of Datadog in a research report on Monday, October 14th. They set a market perform rating for the company. William Blair initiated coverage on shares of Datadog in a research report on Monday, October 14th. They set an outperform rating for the company. Raymond James initiated coverage on shares of Datadog in a research report on Monday, October 14th. They set a market perform rating for the company. Needham & Company LLC initiated coverage on shares of Datadog in a research report on Monday, October 14th. They set a buy rating and a $45.00 price objective for the company. Finally, Barclays initiated coverage on shares of Datadog in a research report on Monday, October 14th. They set an overweight rating and a $45.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $41.67.

Shares of DDOG stock traded down $0.74 during midday trading on Wednesday, hitting $40.63. 2,117,200 shares of the company were exchanged, compared to its average volume of 2,124,547. The firm has a 50 day moving average price of $33.80. Datadog has a 52 week low of $27.55 and a 52 week high of $42.96.

In other Datadog news, insider Amit Agarwal bought 25,000 shares of Datadog stock in a transaction on Monday, September 23rd. The shares were purchased at an average cost of $27.00 per share, with a total value of $675,000.00. Also, major shareholder Iconiq Strategic Partners Ii, bought 525,000 shares of Datadog stock in a transaction on Monday, September 23rd. The shares were acquired at an average cost of $27.00 per share, for a total transaction of $14,175,000.00. Insiders have acquired a total of 571,280 shares of company stock worth $15,271,460 over the last three months.

Institutional investors and hedge funds have recently bought and sold shares of the business. Segantii Capital Management Ltd bought a new stake in Datadog during the 3rd quarter worth approximately $1,187,000. FNY Investment Advisers LLC bought a new stake in Datadog during the 3rd quarter worth approximately $161,000. Index Venture Associates VI Ltd bought a new stake in Datadog during the 3rd quarter worth approximately $1,363,311,000. Zweig DiMenna Associates LLC bought a new stake in Datadog during the 3rd quarter worth approximately $1,916,000. Finally, Pelham Capital Ltd. bought a new stake in Datadog during the 3rd quarter worth approximately $2,543,000. 14.24% of the stock is currently owned by hedge funds and other institutional investors.

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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