Should You Invest In Datadog Inc?

Established in 2010, Datadog Inc. is a technology company with its headquarters in New York City. The company offers a range of cloud-based software solutions, providing a monitoring and analytics platform for business users, developers and IT professionals. Early investors in the firm included Index Ventures, OpenView Venture Partners and ICONIQ Strategic Partners. Datadog went public in September 2019, pricing its stock at $27 per share, traded as the ticker DDOG on the NASDAQ. The share price quickly climbed to $40.50 on the first day of trading, finally closing at $37.55. The firm’s IPO resulted in sales of 24m DDOG shares and raised $648m. The company continues to expand and innovate, and in 2020 it employs more than 1400 members of staff. A wide range of products and services provide customers with a variety of features that allow businesses to automate standard practices. Customers can proactively monitor user experience, track app performance and see log data in context, with automated tagging and correlation. Corporate clients that have used Datadog include DreamWorks, 21st Century Fox, Samsung and Conde Nast. Consider adding this instrument to your watchlist to get the latest updates on the DDOG share price.