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JMP Securities Remains a Hold on Datadog (DDOG)

In a report released today, Patrick Walravens from JMP Securities maintained a Hold rating on Datadog (DDOGResearch Report). The company’s shares closed last Wednesday at $157.09, close to its 52-week high of $165.34.

According to TipRanks.com, Walravens is a top 100 analyst with an average return of 31.3% and a 72.6% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, Duck Creek Technologies, and Qualtrics International.

Currently, the analyst consensus on Datadog is a Moderate Buy with an average price target of $156.00.

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The company has a one-year high of $165.34 and a one-year low of $69.73. Currently, Datadog has an average volume of 2.79M.

Based on the recent corporate insider activity of 172 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.

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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