Datadog (DDOG) to Release Earnings on Thursday

Datadog (NASDAQ:DDOG) will post its quarterly earnings results before the market opens on Thursday, August 8th. Analysts expect Datadog to post earnings of $0.35 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.20. The business had revenue of $611.25 million during the quarter, compared to analyst estimates of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%. On average, analysts expect Datadog to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Datadog Trading Up 0.5 %

Shares of DDOG opened at $105.47 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43. Datadog has a fifty-two week low of $77.81 and a fifty-two week high of $138.61. The firm has a 50 day moving average price of $120.01 and a 200-day moving average price of $123.51. The firm has a market cap of $35.28 billion, a price-to-earnings ratio of 329.59, a PEG ratio of 37.24 and a beta of 1.11.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JMP Securities upgraded Datadog to a “hold” rating in a research report on Wednesday, May 8th. BTIG Research upgraded Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price objective for the company in a report on Thursday, August 1st. Baird R W upgraded shares of Datadog from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 8th. Loop Capital reaffirmed a “buy” rating and issued a $160.00 target price on shares of Datadog in a research report on Friday, July 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $150.00 price target on shares of Datadog in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and an average price target of $138.37.

Insiders Place Their Bets

In related news, CEO Olivier Pomel sold 200,993 shares of Datadog stock in a transaction on Monday, July 8th. The shares were sold at an average price of $131.01, for a total transaction of $26,332,092.93. Following the transaction, the chief executive officer now owns 324,539 shares in the company, valued at approximately $42,517,854.39. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $130.75, for a total transaction of $16,618,978.75. Following the completion of the transaction, the chief technology officer now owns 279,025 shares in the company, valued at $36,482,518.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Olivier Pomel sold 200,993 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $131.01, for a total transaction of $26,332,092.93. Following the transaction, the chief executive officer now directly owns 324,539 shares of the company’s stock, valued at $42,517,854.39. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 771,669 shares of company stock worth $93,026,032. Company insiders own 11.78% of the company’s stock.

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.