Q2 2024 Earnings Estimate for Datadog, Inc. Issued By Zacks Research (NASDAQ:DDOG)

Datadog, Inc. (NASDAQ:DDOG) – Zacks Research increased their Q2 2024 EPS estimates for Datadog in a research note issued on Thursday, August 1st. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $0.10 for the quarter, up from their prior estimate of $0.09. The consensus estimate for Datadog’s current full-year earnings is $0.32 per share. Zacks Research also issued estimates for Datadog’s Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $0.69 EPS and FY2026 earnings at $1.20 EPS.

A number of other equities analysts have also recently commented on DDOG. JMP Securities upgraded Datadog to a “hold” rating in a report on Wednesday, May 8th. Barclays cut their price objective on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 8th. Mizuho raised shares of Datadog from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $135.00 to $155.00 in a research note on Tuesday, July 16th. Baird R W raised shares of Datadog from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $152.00 price target on shares of Datadog in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $138.37.

Datadog Trading Up 0.5 %

DDOG opened at $105.47 on Monday. The stock has a 50-day moving average of $120.01 and a 200 day moving average of $123.51. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34. Datadog has a 12 month low of $77.81 and a 12 month high of $138.61. The firm has a market cap of $35.28 billion, a P/E ratio of 329.59, a P/E/G ratio of 37.24 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last posted its earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. Datadog had a net margin of 5.11% and a return on equity of 7.48%. The firm had revenue of $611.25 million for the quarter, compared to the consensus estimate of $589.97 million.

Insider Activity

In other news, Director Titilope Cole sold 2,210 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $112.34, for a total transaction of $248,271.40. Following the completion of the transaction, the director now directly owns 6,451 shares in the company, valued at approximately $724,705.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CRO Sean Michael Walters sold 8,394 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $109.45, for a total transaction of $918,723.30. Following the sale, the executive now owns 202,906 shares of the company’s stock, valued at $22,208,061.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Titilope Cole sold 2,210 shares of Datadog stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $112.34, for a total transaction of $248,271.40. Following the completion of the transaction, the director now owns 6,451 shares of the company’s stock, valued at approximately $724,705.34. The disclosure for this sale can be found here. Insiders sold 771,669 shares of company stock worth $93,026,032 over the last ninety days. Corporate insiders own 11.78% of the company’s stock.

Hedge Funds Weigh In On Datadog

Several hedge funds and other institutional investors have recently made changes to their positions in DDOG. Norges Bank purchased a new position in Datadog during the 4th quarter worth approximately $384,986,000. Kodai Capital Management LP purchased a new position in Datadog during the first quarter worth about $116,054,000. 1832 Asset Management L.P. lifted its position in shares of Datadog by 47.9% during the 4th quarter. 1832 Asset Management L.P. now owns 2,619,500 shares of the company’s stock valued at $317,955,000 after acquiring an additional 848,000 shares during the period. DNB Asset Management AS lifted its position in shares of Datadog by 1,974.5% in the second quarter. DNB Asset Management AS now owns 847,600 shares of the company’s stock valued at $109,925,000 after acquiring an additional 806,741 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Datadog by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 27,259,414 shares of the company’s stock worth $3,308,748,000 after acquiring an additional 734,539 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

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.