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NASDAQ:DDOG

Datadog (DDOG) Stock Price, News & Analysis

$123.69
+0.18 (+0.15%)
(As of 01:04 PM ET)
Today's Range
$122.15
$125.36
50-Day Range
$120.42
$136.15
52-Week Range
$62.60
$138.61
Volume
687,128 shs
Average Volume
4.30 million shs
Market Capitalization
$41.05 billion
P/E Ratio
1,030.75
Dividend Yield
N/A
Price Target
$128.18

Datadog MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.76 Rating Score
Upside/​Downside
3.3% Upside
$128.18 Price Target
Short Interest
Healthy
2.57% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.81
Upright™ Environmental Score
News Sentiment
0.63mentions of Datadog in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$102.76 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.14) to ($0.07) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.87 out of 5 stars

Computer And Technology Sector

177th out of 587 stocks

Prepackaged Software Industry

54th out of 198 stocks

DDOG stock logo

About Datadog Stock (NASDAQ:DDOG)

Datadog Inc, a Nasdaq-listed company, is a monitoring and analytics platform founded on June 4, 2010, by Olivier Pomel and Alexis Lê-Quôc. The platform is designed for developers, IT operations teams and business users primarily operating in the cloud. Datadog's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management and security monitoring.

Datadog was founded to be a cloud infrastructure monitoring service that provides alerting, an easy-to-use dashboard, and metrics visualizations. However, over the years, it has expanded its product offerings to cover service providers such as Google Cloud Platform, Amazon Web Services (AWS), Red Hat OpenShift, VMware,  Microsoft Azure and OpenStack. The company supports over 450 integrations.

The Datadog platform provides a range of shared features, including dashboards, analytics, collaboration tools and alerting capabilities. Its platform offers user experience monitoring, network performance monitoring, cloud security, developer-focused observability and incident management.

The company operates a fast-growing software platform that monitors customers' cloud activity and mines it for business insights. Datadog's backend uses several open and closed source technologies, including PostgreSQL, Apache Cassandra, D3 and Kafka.

Datadog uses a Go-Based Agent that is lightweight, easy to deploy and supports a wide range of programming languages. The Go-Based Agent allows customers to integrate Datadog with their existing applications and infrastructure. Go is an open-source programming language that simplifies building secure and scalable systems. 

In August 2022, Datadog acquired an API observability company called Seekret. Seekret provides a platform that helps developers to monitor, troubleshoot and optimize their APIs. With this acquisition, Datadog aims to expand its capabilities in the fast-growing API observability market.

In November 2022, Datadog acquired Cloudcraft, a New York-based visualization service for cloud and system architects, for an undisclosed sum. Cloudcraft provides a platform that helps architects to design and visualize their cloud infrastructure. With this acquisition, Datadog aims to enhance its capabilities in the cloud infrastructure visualization market.

Datadog is headquartered in New York City and has offices in various locations, including London, Dublin, Paris and Tokyo. The company moved its headquarters to the New York Times building, purchasing an entire building floor to support its growing team. 

Datadog acquired the Paris-based Logmatic.io in 2017. Logmatic.io specializes in machine data analysis, and the acquisition helped Datadog to strengthen its presence in the European market.

Madumbo, a company that has developed an AI-based application testing platform, joined Datadog in 2019. Adding Madumbo's technology helped Datadog enhance its application performance testing and monitoring capabilities.

Datadog went public on the Nasdaq exchange on September 19, 2019, selling 24 million shares and raising $648 million. The IPO was one of the most successful tech IPOs of that year.

DDOG Stock Price History

DDOG Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Pulling My Buy Rating From Datadog
DDOG Mar 2024 109.000 put
DDOG May 2024 130.000 call
DDOG Oct 2024 110.000 call
DDOG Mar 2024 130.000 put
DDOG Mar 2024 133.000 call
DDOG Oct 2024 120.000 call
Evaluating Datadog: Insights From 18 Financial Analysts
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Today
3/28/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:DDOG
Fax
N/A
Employees
5,200
Year Founded
2010

Price Target and Rating

Average Stock Price Target
$128.18
High Stock Price Target
$165.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+3.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
29 Analysts

Profitability

Net Income
$48.57 million
Pretax Margin
2.83%

Debt

Sales & Book Value

Annual Sales
$2.13 billion
Cash Flow
$0.39 per share
Book Value
$6.12 per share

Miscellaneous

Free Float
282,192,000
Market Cap
$41.05 billion
Optionable
Optionable
Beta
1.17

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Should I Buy Datadog Stock? DDOG Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Datadog was last updated on Monday, March 25, 2024 at 11:37 PM.

Pros

Here are some ways that investors could benefit from investing in Datadog, Inc.:

  • Datadog, Inc. operates an observability and security platform for cloud applications, providing a comprehensive suite of monitoring and management tools for cloud environments.
  • The company offers a range of products including infrastructure and application performance monitoring, log management, digital experience monitoring, and more, catering to diverse needs of cloud-based businesses.
  • With a focus on observability and security, Datadog's platform helps businesses enhance their operational efficiency, optimize performance, and ensure the security of their cloud applications.
  • Recent developments in the company's offerings have shown promising results, attracting more customers and potentially leading to revenue growth.
  • Considering the current stock price and market trends, investing in Datadog could present a lucrative opportunity for investors seeking exposure to the cloud software industry.

Cons

Investors should be bearish about investing in Datadog, Inc. for these reasons:

  • While Datadog offers a robust platform, competition in the cloud software market is intense, with other major players vying for market share and innovation.
  • Market volatility and fluctuations in the tech sector could impact Datadog's stock price, leading to potential short-term uncertainties for investors.
  • Investing in individual tech stocks like Datadog carries inherent risks related to market dynamics, technological disruptions, and regulatory changes that could affect the company's performance.
  • Despite its strong product portfolio, Datadog's growth prospects may be influenced by macroeconomic factors and shifts in customer preferences within the cloud software industry.
  • It's essential for investors to conduct thorough research and consider their risk tolerance before making investment decisions related to Datadog, weighing both the potential rewards and risks associated with the stock.

DDOG Stock Analysis - Frequently Asked Questions

Should I buy or sell Datadog stock right now?

29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Datadog in the last twelve months. There are currently 7 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DDOG shares.
View DDOG analyst ratings
or view top-rated stocks.

What is Datadog's stock price target for 2024?

29 Wall Street research analysts have issued 12 month price objectives for Datadog's stock. Their DDOG share price targets range from $70.00 to $165.00. On average, they predict the company's share price to reach $128.18 in the next twelve months. This suggests a possible upside of 3.3% from the stock's current price.
View analysts price targets for DDOG
or view top-rated stocks among Wall Street analysts.

How have DDOG shares performed in 2024?

Datadog's stock was trading at $121.38 at the beginning of the year. Since then, DDOG shares have increased by 2.2% and is now trading at $124.05.
View the best growth stocks for 2024 here
.

Are investors shorting Datadog?

Datadog saw a drop in short interest in March. As of March 15th, there was short interest totaling 8,540,000 shares, a drop of 16.5% from the February 29th total of 10,230,000 shares. Based on an average daily trading volume, of 4,160,000 shares, the short-interest ratio is currently 2.1 days.
View Datadog's Short Interest
.

When is Datadog's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our DDOG earnings forecast
.

How were Datadog's earnings last quarter?

Datadog, Inc. (NASDAQ:DDOG) announced its quarterly earnings results on Tuesday, February, 13th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The company earned $589.65 million during the quarter, compared to the consensus estimate of $568.73 million. Datadog had a net margin of 2.28% and a trailing twelve-month return on equity of 3.79%. The business's revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the company earned ($0.08) earnings per share.

What guidance has Datadog issued on next quarter's earnings?

Datadog updated its FY 2024 earnings guidance on Tuesday, February, 13th. The company provided earnings per share (EPS) guidance of 1.380-1.440 for the period, compared to the consensus estimate of 1.830. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion.

What is Olivier Pomel's approval rating as Datadog's CEO?

167 employees have rated Datadog Chief Executive Officer Olivier Pomel on Glassdoor.com. Olivier Pomel has an approval rating of 95% among the company's employees. This puts Olivier Pomel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Datadog own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Datadog investors own include NVIDIA (NVDA), DocuSign (DOCU), Block (SQ), Trade Desk (TTD), Shopify (SHOP), Fastly (FSLY), CrowdStrike (CRWD), Zoom Video Communications (ZM), Tesla (TSLA) and Okta (OKTA).

When did Datadog IPO?

Datadog (DDOG) raised $492 million in an IPO on Thursday, September 19th 2019. The company issued 24,000,000 shares at $19.00-$22.00 per share. Morgan Stanley, Goldman Sachs, J.P. Morgan and Credit Suisse served as the underwriters for the IPO and Barclays, Jefferies, RBC Capital Markets, JMP Securities, Raymond James, Stifel, William Blair and Needham were co-managers.

Who are Datadog's major shareholders?

Datadog's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.30%), Vanguard Group Inc. (8.21%), Baillie Gifford & Co. (3.02%), Price T Rowe Associates Inc. MD (2.62%), WCM Investment Management LLC (1.91%) and Voya Investment Management LLC (1.40%). Insiders that own company stock include Adam Blitzer, Alexis Le-Quoc, Amit Agarwal, Dan Fougere, David M Obstler, David M Obstler, Dev Ittycheria, Julie Richardson, Kerry Acocella, Laszlo Kopits, Madre Armelle De, Matthew Jacobson, Michael James Callahan, Olivier Pomel, Sean Michael Walters and Shardul Shah.
View institutional ownership trends
.

How do I buy shares of Datadog?

Shares of DDOG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Datadog have any subsidiaries?
The following companies are subsidiares of Datadog: 1533 Systems LLC, DDog Singapore PTE. LTD., Datadog France SAS, Datadog Germany GmbH, Datadog Holding Limited, Datadog Ireland Limited, Datadog Ireland Limited Australia Branch, Datadog Ireland Limited UK Branch, Datadog Japan GK, Focusmatic SAS, Madumbo, Madumbo SAS, Mortar Data, Undefined Labs, and logmatic.io.
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This page (NASDAQ:DDOG) was last updated on 3/28/2024 by MarketBeat.com Staff

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