Oppenheimer assumed coverage on shares of Datadog (NASDAQ:DDOG) in a research note issued on Thursday, Briefing.com Automated Import reports. The brokerage set a “market perform” rating on the stock.

Other analysts have also recently issued research reports about the company. Goldman Sachs Group started coverage on Datadog in a research report on Monday, October 14th. They issued a “neutral” rating and a $33.00 target price for the company. Royal Bank of Canada started coverage on Datadog in a research report on Monday, October 14th. They issued a “sector perform” rating and a $39.00 target price for the company. Credit Suisse Group raised their target price on Datadog from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Raymond James started coverage on Datadog in a research report on Monday, October 14th. They issued a “market perform” rating for the company. Finally, JMP Securities started coverage on Datadog in a research report on Monday, October 14th. They issued a “market perform” rating for the company. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $41.67.

Shares of Datadog stock opened at $38.40 on Thursday. The stock has a fifty day simple moving average of $34.54. Datadog has a 12 month low of $27.55 and a 12 month high of $42.96.

In other news, CFO David M. Obstler acquired 15,000 shares of Datadog stock in a transaction that occurred on Monday, September 23rd. The stock was purchased at an average price of $27.00 per share, with a total value 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 cost of $27.00 per share, with a total value of $14,175,000.00. In the last three months, insiders have purchased 571,280 shares of company stock valued at $15,271,460.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DDOG. Segantii Capital Management Ltd acquired a new stake in Datadog during the third quarter valued at $1,187,000. FNY Investment Advisers LLC acquired a new stake in Datadog during the third quarter valued at $161,000. Price Wealth LLC acquired a new stake in Datadog during the third quarter valued at $178,000. Index Venture Associates VI Ltd acquired a new stake in Datadog during the third quarter valued at $1,363,311,000. Finally, Pelham Capital Ltd. acquired a new stake in Datadog during the third quarter valued at $2,543,000. 14.67% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Datadog (NASDAQ:DDOG)

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