Datadog (DDOG) to Release Earnings on Tuesday

Datadog (NASDAQ:DDOG) will be posting its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Datadog to post earnings of $0.34 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The business had revenue of $589.65 million for 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 company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. 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

Shares of NASDAQ DDOG opened at $124.27 on Monday. The stock has a market cap of $41.24 billion, a PE ratio of 1,035.58 and a beta of 1.14. Datadog has a 1 year low of $70.00 and a 1 year high of $138.61. The firm has a fifty day moving average price of $124.99 and a 200-day moving average price of $118.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17.

Insiders Place Their Bets

In other news, insider Madre Armelle De sold 600 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $125.34, for a total transaction of $75,204.00. Following the transaction, the insider now owns 100,353 shares of the company’s stock, valued at $12,578,245.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Datadog news, insider Madre Armelle De sold 600 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $125.34, for a total value of $75,204.00. Following the transaction, the insider now owns 100,353 shares of the company’s stock, valued at approximately $12,578,245.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $17,306,953.30. Following the completion of the sale, the chief executive officer now owns 299,075 shares in the company, valued at approximately $38,825,916.50. The disclosure for this sale can be found here. Insiders sold a total of 759,908 shares of company stock valued at $97,728,997 over the last 90 days. Insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on DDOG shares. Barclays raised their price target on Datadog from $138.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Needham & Company LLC boosted their price target on Datadog from $125.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Wolfe Research increased 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. Truist Financial boosted their target price on shares of Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, Citigroup raised their target price on shares of Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.31.

About Datadog

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.