New Buy Rating for Datadog (DDOG), the Technology Giant
Wells Fargo analyst maintained a Buy rating on Datadog today and set a price target of $230.00.
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In addition to Wells Fargo, Datadog also received a Buy from TipRanks – PerPlexity’s PerPlexity Software – Application in a report issued on March 30. However, on the same day, TipRanks – Google downgraded Datadog (NASDAQ: DDOG) to a Hold.
Based on Datadog’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $953.19 million and a net profit of $46.57 million. In comparison, last year the company earned a revenue of $737.73 million and had a net profit of $45.59 million
Based on the recent corporate insider activity of 151 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. Last month, David Galloreese, the CPO of DDOG sold 10,708.00 shares for a total of $1,183,555.24.
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