Datadog (DDOG) Projected to Post Earnings on Tuesday

Datadog (NASDAQ:DDOG - Get Free Report) is projected to post its Q1 quarterly 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 released its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. The business had revenue of $761.55 million for the quarter, compared to the consensus estimate of $741.73 million. Datadog had a net margin of 6.85% and a return on equity of 8.28%. Datadog's revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 earnings per share. On average, analysts expect Datadog to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Datadog Trading Down 1.1 %

NASDAQ DDOG traded down $1.19 during midday trading on Friday, hitting $108.03. The company had a trading volume of 1,725,826 shares, compared to its average volume of 4,327,017. The company has a market capitalization of $37.03 billion, a PE ratio of 211.83, a P/E/G ratio of 44.03 and a beta of 1.12. Datadog has a twelve month low of $81.63 and a twelve month high of $170.08. The firm has a 50-day moving average price of $100.36 and a 200-day moving average price of $125.92.

Insider Activity at Datadog

In other news, Director Amit Agarwal sold 25,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $114.21, for a total value of $2,855,250.00. Following the sale, the director now owns 82,324 shares in the company, valued at approximately $9,402,224.04. This represents a 23.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the transaction, the chief technology officer now owns 371,865 shares of the company's stock, valued at $37,986,009.75. This 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 in the last three months. Insiders own 11.78% of the company's stock.

Institutional Investors Weigh In On Datadog

A hedge fund recently bought a new stake in Datadog stock. Brighton Jones LLC purchased a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,465 shares of the company's stock, valued at approximately $209,000. 78.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on DDOG. Truist Financial reduced their price target on Datadog from $140.00 to $120.00 and set a "hold" rating on the stock in a report on Monday, March 31st. Barclays increased their target price on shares of Datadog from $125.00 to $128.00 and gave the stock an "overweight" rating in a research note on Tuesday. Needham & Company LLC dropped their price objective on Datadog from $160.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday. Citigroup lowered their price target on shares of Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Finally, Wells Fargo & Company reduced their price target on shares of Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $141.54.

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.