Datadog (DDOG) Projected to Post Earnings on Tuesday

Datadog (NASDAQ:DDOG - Get Free Report) is expected to announce its Q1 earnings results before the market opens on Tuesday, May 6th. Analysts expect Datadog to post earnings of $0.42 per share and revenue of $741.73 million for the quarter. Datadog has set its FY 2025 guidance at 1.670-1.710 EPS and its Q2 2025 guidance at 0.400-0.420 EPS.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.04. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The firm had revenue of $761.55 million for the quarter, compared to the consensus estimate of $741.73 million. During the same period in the previous year, the firm posted $0.44 EPS. The business's quarterly revenue was up 24.6% on a year-over-year basis. On average, analysts expect Datadog to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Datadog Stock Up 0.0 %

NASDAQ DDOG traded up $0.04 during trading hours on Wednesday, hitting $106.10. 5,925,064 shares of the company were exchanged, compared to its average volume of 4,417,451. The stock has a market cap of $36.37 billion, a PE ratio of 208.04, a price-to-earnings-growth ratio of 44.03 and a beta of 1.12. Datadog has a 52 week low of $81.63 and a 52 week high of $170.08. The stock has a 50-day moving average price of $100.64 and a 200 day moving average price of $126.18.

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $119.00 price target on shares of Datadog in a research note on Wednesday. Morgan Stanley cut their target price on shares of Datadog from $143.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Guggenheim reissued a "neutral" rating on shares of Datadog in a research report on Wednesday, January 22nd. Cantor Fitzgerald restated an "overweight" rating and set a $134.00 target price on shares of Datadog in a research note on Wednesday. Finally, Wedbush lowered their price target on Datadog from $155.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $141.36.

Insider Activity

In other Datadog news, Director Amit Agarwal sold 10,167 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $115.86, for a total transaction of $1,177,948.62. Following the completion of the sale, the director now directly owns 82,324 shares in the company, valued at approximately $9,538,058.64. The trade was a 10.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total value of $12,983,775.75. Following the completion of the transaction, the chief technology officer now owns 371,865 shares in the company, valued at approximately $37,986,009.75. This trade represents a 25.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 385,456 shares of company stock worth $39,018,715 over the last 90 days. 11.78% of the stock is currently owned by company insiders.

Institutional Trading of Datadog

A hedge fund recently bought a new stake in Datadog stock. Brighton Jones LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,465 shares of the company's stock, valued at approximately $209,000. 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.