Datadog (NASDAQ:DDOG) Releases Q2 2022 Earnings Guidance

Datadog (NASDAQ:DDOGGet Rating) updated its second quarter 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.13-$0.15 for the period, compared to the consensus estimate of $0.12. The company issued revenue guidance of $376.00 million-$380.00 million, compared to the consensus revenue estimate of $361.60 million.Datadog also updated its FY 2022 guidance to $0.70-$0.77 EPS.

Several research firms have recently weighed in on DDOG. Barclays reduced their price objective on Datadog from $210.00 to $190.00 and set an overweight rating for the company in a research report on Tuesday, April 19th. Rosenblatt Securities reduced their price objective on Datadog from $195.00 to $180.00 in a research report on Monday, May 2nd. The Goldman Sachs Group reduced their price objective on Datadog from $250.00 to $223.00 and set a buy rating for the company in a research report on Thursday, April 14th. Mizuho dropped their target price on Datadog from $225.00 to $175.00 in a report on Friday, May 6th. Finally, Morgan Stanley dropped their target price on Datadog from $210.00 to $159.00 in a report on Friday, May 6th. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Buy and an average price target of $169.86.

Shares of Datadog stock traded up $0.04 on Monday, hitting $94.83. The stock had a trading volume of 83,645 shares, compared to its average volume of 4,933,686. Datadog has a twelve month low of $84.69 and a twelve month high of $199.68. The business’s 50 day moving average is $127.48 and its two-hundred day moving average is $149.42. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.66. The stock has a market cap of $29.87 billion, a price-to-earnings ratio of -9,534,000.00 and a beta of 1.25.

Datadog (NASDAQ:DDOGGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.11 by $0.13. Datadog had a return on equity of 1.53% and a net margin of 0.17%. The company had revenue of $363.03 million for the quarter, compared to the consensus estimate of $337.81 million. During the same quarter in the prior year, the business earned ($0.03) earnings per share. The firm’s revenue for the quarter was up 82.8% on a year-over-year basis. As a group, equities analysts predict that Datadog will post -0.15 earnings per share for the current fiscal year.

In related news, CRO Sean Michael Walters sold 699 shares of the stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $157.83, for a total transaction of $110,323.17. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Madre Armelle De sold 5,625 shares of the stock in a transaction that occurred on Friday, February 25th. The stock was sold at an average price of $159.37, for a total value of $896,456.25. The disclosure for this sale can be found here. Insiders sold 225,610 shares of company stock worth $33,309,409 in the last ninety days. 20.23% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Zullo Investment Group Inc. acquired a new stake in shares of Datadog in the 4th quarter valued at $27,000. NEXT Financial Group Inc boosted its holdings in shares of Datadog by 51.8% in the 4th quarter. NEXT Financial Group Inc now owns 252 shares of the company’s stock valued at $45,000 after purchasing an additional 86 shares in the last quarter. Wetherby Asset Management Inc. boosted its holdings in shares of Datadog by 16.2% in the 1st quarter. Wetherby Asset Management Inc. now owns 1,464 shares of the company’s stock valued at $222,000 after purchasing an additional 204 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Datadog by 7.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 1,572 shares of the company’s stock valued at $280,000 after purchasing an additional 109 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Datadog by 71.7% in the 1st quarter. Captrust Financial Advisors now owns 1,921 shares of the company’s stock valued at $291,000 after purchasing an additional 802 shares in the last quarter. 65.17% of the stock is currently owned by institutional investors and hedge funds.

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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