DataDog (DDOG) priced their IPO last night above the increased range at $27. Shares will begin trading today. Despite some broad selling in "high growth software stocks" today we expect the shares to do very well. Perhaps too well for investors to make any money after the open.

DataDog is in the "next generation monitoring" space along with companies like New Relic (NEWR), Dynatrace (DT), Splunk (SPLK) and AppDynamics (acquired by Cisco). To a lesser extent some products from SolarWinds (SWI) and PagerDuty (PD). Elastic . . .

Want the rest of the article?

Please login or join us as a member to view our complete content!