Jefferies Sticks to Its Buy Rating for Datadog (DDOG)

In a report released yesterday, Brent Thill from Jefferies maintained a Buy rating on Datadog (DDOGResearch Report), with a price target of $220.00. The company’s shares closed last Thursday at $174.60.

According to, Thill is a 5-star analyst with an average return of 14.2% and a 51.1% success rate. Thill covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Palantir Technologies, and Zillow Group Class C.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Datadog with a $212.27 average price target, a 24.6% upside from current levels. In a report released yesterday, Goldman Sachs also maintained a Buy rating on the stock with a $250.00 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 $270 million and GAAP net loss of $5.48 million. In comparison, last year the company earned revenue of $155 million and had a GAAP net loss of $15.15 million.

Based on the recent corporate insider activity of 180 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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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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