Datadog (DDOG) to Release Earnings on Thursday

Datadog (NASDAQ:DDOG) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $713.87 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Datadog Stock Performance

DDOG opened at $144.85 on Thursday. The business’s 50 day moving average price is $147.55 and its 200 day moving average price is $129.90. The stock has a market capitalization of $49.21 billion, a PE ratio of 273.31, a P/E/G ratio of 16.59 and a beta of 1.15. Datadog has a one year low of $98.80 and a one year high of $170.08.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $142.78, for a total value of $18,148,051.90. Following the transaction, the chief technology officer now owns 324,778 shares in the company, valued at $46,371,802.84. The trade was a 28.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Olivier Pomel sold 11,195 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $139.86, for a total value of $1,565,732.70. Following the sale, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at $53,103,862.98. The trade was a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 780,979 shares of company stock worth $111,869,206 in the last quarter. 11.78% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DDOG shares. Mizuho raised their price objective on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and reduced their price target for the company from $165.00 to $140.00 in a research note on Wednesday, January 29th. Robert W. Baird increased their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Cantor Fitzgerald initiated coverage on Datadog in a research note on Friday, January 17th. They set an “overweight” rating and a $180.00 price target on the stock. Finally, Jefferies Financial Group lifted their price objective on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $157.59.

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.