Datadog (DDOG) Set to Announce Earnings on Tuesday

Datadog (NASDAQ:DDOG) will be releasing its earnings data before the market opens on Tuesday, May 7th. Analysts expect Datadog to post earnings of $0.34 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $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 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 quarter in the previous year, the firm posted ($0.08) 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 Performance

NASDAQ DDOG opened at $124.27 on Friday. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $41.24 billion, a P/E ratio of 1,035.58 and a beta of 1.14. Datadog has a 12-month low of $70.00 and a 12-month high of $138.61. The firm has a 50-day moving average price of $124.99 and a two-hundred day moving average price of $118.29.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 133,315 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total value of $17,306,953.30. Following the completion of the transaction, the chief executive officer now directly owns 299,075 shares in the company, valued at approximately $38,825,916.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $135.10, for a total transaction of $17,171,885.50. Following the completion of the sale, the chief technology officer now directly owns 247,328 shares in the company, valued at $33,414,012.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Olivier Pomel sold 133,315 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the sale, the chief executive officer now owns 299,075 shares of the company’s stock, valued at $38,825,916.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 759,908 shares of company stock worth $97,728,997. 11.78% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DDOG. Wolfe Research boosted their price objective on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Mizuho upped their price target on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Robert W. Baird upped their price target on shares of Datadog from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Barclays upped their price target on shares of Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $150.00 price target on shares of Datadog in a report on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.31.

Datadog Company Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.