Datadog stock slips as enterprise software names end mixed
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Datadog (NASDAQ:DDOG) shares fell more than 3% on Friday, while the enterprise software sector ended the session mixed.
More than 6M shares of Datadog (DDOG) changed hands, above the average daily volume of just over 5.2M. There was no apparent cause for the weakness in stock of the software-as-a-service company, as the broader indices rebounded off their morning lows and ended the trading day higher.

Other enterprise software stocks were mixed on Friday, with Salesforce (CRM) and IBM (IBM) seeing gains, while Intuit (INTU), ServiceNow (NOW) and Autodesk (ADSK) traded lower.
Earlier this week, Wedbush Securities analyst Dan Ives highlighted Datadog (DDOG) as one of the firm's top cloud computing stocks, while also noting bigger technology stocks have become a "safety blanket" for investors amid turmoil in the banking sector.
Late last month, Datadog (DDOG) issued its outlook for fiscal 2023 that fell short of Wall Street's estimates.