Datadog (DDOG) Set to Announce Earnings on Thursday

Datadog (NASDAQ:DDOGGet Rating) is set to issue its quarterly earnings data before the market opens on Thursday, August 4th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Datadog has set its Q2 guidance at $0.13-0.15 EPS and its FY22 guidance at $0.70-0.77 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Datadog (NASDAQ:DDOGGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.10. The business had revenue of $363.03 million for the quarter, compared to the consensus estimate of $337.81 million. Datadog had a net margin of 0.17% and a return on equity of 1.53%. The company’s quarterly revenue was up 82.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.03) EPS. On average, analysts expect Datadog to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Datadog Stock Up 9.7 %

NASDAQ:DDOG opened at $94.06 on Thursday. The firm’s 50-day moving average price is $96.89 and its 200-day moving average price is $123.35. The company has a market capitalization of $29.63 billion, a PE ratio of -9,406,000.00 and a beta of 1.21. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.33 and a quick ratio of 3.33. Datadog has a 1-year low of $81.12 and a 1-year high of $199.68.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Rosenblatt Securities reduced their target price on shares of Datadog from $195.00 to $180.00 in a research report on Monday, May 2nd. KeyCorp cut their price objective on shares of Datadog from $160.00 to $132.00 and set an “overweight” rating on the stock in a research report on Friday, July 22nd. Jefferies Financial Group cut their price objective on shares of Datadog from $170.00 to $125.00 in a research report on Monday, May 23rd. Canaccord Genuity Group initiated coverage on shares of Datadog in a research report on Thursday, July 7th. They set a “hold” rating and a $120.00 price objective on the stock. Finally, Mizuho lowered their target price on shares of Datadog from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $166.15.

Insider Transactions at Datadog

In related news, COO Adam Blitzer sold 25,416 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $102.22, for a total value of $2,598,023.52. Following the sale, the chief operating officer now owns 216,510 shares in the company, valued at $22,131,652.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Adam Blitzer sold 25,416 shares of the stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $102.22, for a total value of $2,598,023.52. Following the completion of the transaction, the chief operating officer now directly owns 216,510 shares of the company’s stock, valued at approximately $22,131,652.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Shardul Shah sold 16,487 shares of the company’s stock in a transaction on Monday, May 9th. The shares were sold at an average price of $99.49, for a total value of $1,640,291.63. Following the completion of the sale, the director now owns 440,523 shares of the company’s stock, valued at $43,827,633.27. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,132 shares of company stock worth $9,578,442. Insiders own 15.80% of the company’s stock.

Hedge Funds Weigh In On Datadog

Several hedge funds have recently bought and sold shares of the company. Wetherby Asset Management Inc. raised its position in shares of Datadog by 16.2% during the 1st quarter. Wetherby Asset Management Inc. now owns 1,464 shares of the company’s stock worth $222,000 after acquiring an additional 204 shares in the last quarter. Captrust Financial Advisors grew its stake 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 during the last quarter. XTX Topco Ltd purchased a new position in shares of Datadog in the 1st quarter valued at approximately $302,000. AJ Wealth Strategies LLC purchased a new stake in shares of Datadog in the first quarter valued at approximately $304,000. Finally, Fund Management at Engine No. 1 LLC acquired a new position in Datadog during the first quarter worth $330,000. Institutional investors and hedge funds 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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Earnings History for Datadog (NASDAQ:DDOG)

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