Datadog (NASDAQ:DDOG) Issues Earnings Results, Beats Expectations By $0.04 EPS

Datadog (NASDAQ:DDOG - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.04, RTT News reports. The company had revenue of $761.55 million for the quarter, compared to analysts' expectations of $741.73 million. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The business's revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. Datadog updated its FY 2025 guidance to 1.670-1.710 EPS and its Q2 2025 guidance to 0.400-0.420 EPS.

Datadog Trading Down 1.8 %

Shares of DDOG stock traded down $1.98 during trading hours on Friday, reaching $107.24. The stock had a trading volume of 979,966 shares, compared to its average volume of 5,205,918. The stock's fifty day simple moving average is $100.36 and its 200 day simple moving average is $125.92. The firm has a market capitalization of $36.76 billion, a PE ratio of 210.28, a PEG ratio of 44.03 and a beta of 1.12. Datadog has a 12 month low of $81.63 and a 12 month high of $170.08.

Insider Buying and Selling

In other news, CEO Olivier Pomel sold 107,365 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $87.33, for a total transaction of $9,376,185.45. Following the completion of the transaction, the chief executive officer now owns 563,598 shares of the company's stock, valued at approximately $49,219,013.34. The trade was a 16.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amit Agarwal sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $114.21, for a total transaction of $2,855,250.00. Following the completion of the transaction, the director now owns 82,324 shares in the company, valued at approximately $9,402,224.04. This trade represents a 23.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 385,456 shares of company stock valued at $39,018,715. Company insiders own 11.78% of the company's stock.

Hedge Funds Weigh In On Datadog

A hedge fund recently bought a new stake in Datadog stock. Brighton Jones LLC bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,465 shares of the company's stock, valued at approximately $209,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on DDOG shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $134.00 price target on shares of Datadog in a report on Wednesday. UBS Group upped their target price on Datadog from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday. DA Davidson boosted their target price on shares of Datadog from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday. Wells Fargo & Company lowered their price target on Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Truist Financial lowered their target price on shares of Datadog from $140.00 to $120.00 and set a "hold" rating for the company in a report on Monday, March 31st. Seven research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Datadog presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.54.

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.