Datadog (NASDAQ:DDOG) Updates FY22 Earnings Guidance

Datadog (NASDAQ:DDOG – Get Rating) issued an update on its FY22 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.70-0.77 for the period, compared to the consensus earnings per share estimate of $0.51. The company issued revenue guidance of $1.60-1.62 billion, compared to the consensus revenue estimate of $1.53 billion.Datadog also updated its Q2 guidance to $0.13-0.15 EPS.

Shares of DDOG opened at $111.87 on Friday. Datadog has a 1 year low of $69.73 and a 1 year high of $199.68. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.54 and a quick ratio of 3.54. The company has a market capitalization of $35.12 billion, a price-to-earnings ratio of -1,597.91 and a beta of 1.25. The business has a 50-day moving average of $137.06 and a 200-day moving average of $154.48.

Datadog (NASDAQ:DDOG – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.13. The company had revenue of $363.03 million during the quarter, compared to the consensus estimate of $337.81 million. Datadog had a negative return on equity of 0.58% and a negative net margin of 2.02%. The firm’s revenue was up 82.8% compared to the same quarter last year. During the same period last year, the company earned ($0.03) earnings per share. As a group, sell-side analysts anticipate that Datadog will post -0.24 EPS for the current year.

DDOG has been the subject of a number of research analyst reports. Rosenblatt Securities lowered their target price on Datadog from $195.00 to $180.00 in a report on Monday. Jefferies Financial Group lifted their target price on Datadog from $200.00 to $220.00 and gave the stock a buy rating in a report on Friday, February 11th. Barclays lowered their target price on Datadog from $210.00 to $190.00 and set an overweight rating for the company in a report on Tuesday, April 19th. BTIG Research initiated coverage on Datadog in a report on Tuesday, March 22nd. They issued a buy rating and a $175.00 target price for the company. Finally, Morgan Stanley lowered their target price on Datadog from $210.00 to $159.00 in a report on Friday. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $168.83.

In other Datadog news, Director Julie Richardson sold 3,906 shares of the business’s stock in a transaction on Tuesday, March 15th. The stock was sold at an average price of $119.23, for a total value of $465,712.38. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Amit Agarwal sold 2,500 shares of the business’s stock in a transaction on Friday, February 11th. The stock was sold at an average price of $173.24, for a total value of $433,100.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 284,742 shares of company stock worth $44,529,492. 20.23% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of DDOG. Cetera Investment Advisers lifted its position in shares of Datadog by 5.3% during the 4th quarter. Cetera Investment Advisers now owns 2,133 shares of the company’s stock valued at $380,000 after buying an additional 108 shares during the last quarter. MML Investors Services LLC lifted its position in shares of Datadog by 15.0% during the 4th quarter. MML Investors Services LLC now owns 1,809 shares of the company’s stock valued at $322,000 after buying an additional 236 shares during the last quarter. Insight Holdings Group LLC lifted its position in shares of Datadog by 113.5% during the 4th quarter. Insight Holdings Group LLC now owns 96,300 shares of the company’s stock valued at $17,152,000 after buying an additional 51,200 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Datadog by 15.7% during the 4th quarter. Advisors Asset Management Inc. now owns 5,738 shares of the company’s stock valued at $1,022,000 after buying an additional 777 shares during the last quarter. Finally, Amalgamated Bank lifted its position in shares of Datadog by 67.4% during the 4th quarter. Amalgamated Bank now owns 22,556 shares of the company’s stock valued at $4,017,000 after buying an additional 9,082 shares during the last quarter. 65.17% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Company Profile (Get Rating)

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.

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