Datadog (NASDAQ:DDOG) Updates FY 2022 Earnings Guidance

Datadog (NASDAQ:DDOG – Get Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $0.70-$0.77 for the period, compared to the consensus earnings per share estimate of $0.52. The company issued revenue guidance of $1.60 billion-$1.62 billion, compared to the consensus revenue estimate of $1.53 billion.Datadog also updated its Q2 2022 guidance to $0.13-$0.15 EPS.

A number of research firms have issued reports on DDOG. BTIG Research started coverage on Datadog in a research report on Tuesday, March 22nd. They issued a buy rating and a $175.00 price target on the stock. Barclays cut their target price on Datadog from $210.00 to $190.00 and set an overweight rating on the stock in a research report on Tuesday, April 19th. Morgan Stanley cut their target price on Datadog from $210.00 to $159.00 in a research report on Friday. Mizuho cut their target price on Datadog from $225.00 to $175.00 in a research report on Friday. Finally, Rosenblatt Securities cut their target price on Datadog from $195.00 to $180.00 in a research report on Monday, May 2nd. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, Datadog presently has a consensus rating of Buy and an average price target of $174.38.

Shares of NASDAQ:DDOG traded down $12.94 during trading on Monday, reaching $97.06. The company had a trading volume of 323,455 shares, compared to its average volume of 4,626,391. The firm has a market capitalization of $30.47 billion, a price-to-earnings ratio of -9,706,000.00 and a beta of 1.25. 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 stock’s fifty day moving average price is $136.04 and its 200 day moving average price is $154.07. Datadog has a fifty-two week low of $73.04 and a fifty-two week high of $199.68.

Datadog (NASDAQ:DDOG – Get Rating) last released its earnings results on Thursday, May 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.13. Datadog had a return on equity of 1.59% and a net margin of 0.17%. The business had revenue of $363.03 million for the quarter, compared to analyst estimates of $337.81 million. During the same quarter in the previous year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 82.8% compared to the same quarter last year. On average, equities analysts anticipate that Datadog will post -0.24 EPS for the current fiscal year.

In related news, CFO David M. Obstler sold 3,750 shares of the company’s stock in a transaction on Wednesday, February 16th. The stock was sold at an average price of $171.53, for a total transaction of $643,237.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Amit Agarwal sold 2,500 shares of the company’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. Insiders have sold 248,374 shares of company stock worth $38,933,184 in the last ninety days. 20.23% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vident Investment Advisory LLC boosted its position in Datadog by 5.0% during the fourth quarter. Vident Investment Advisory LLC now owns 12,081 shares of the company’s stock worth $2,152,000 after purchasing an additional 575 shares in the last quarter. NewEdge Advisors LLC boosted its position in Datadog by 238.9% during the fourth quarter. NewEdge Advisors LLC now owns 12,078 shares of the company’s stock worth $2,151,000 after purchasing an additional 8,514 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Datadog by 13.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,894 shares of the company’s stock valued at $337,000 after acquiring an additional 224 shares in the last quarter. Toroso Investments LLC lifted its position in shares of Datadog by 17.9% in the fourth quarter. Toroso Investments LLC now owns 4,639 shares of the company’s stock valued at $826,000 after acquiring an additional 704 shares in the last quarter. Finally, Zullo Investment Group Inc. purchased a new stake in shares of Datadog in the fourth quarter valued at $27,000. Institutional investors own 65.17% of the company’s stock.

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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