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Datadog (DDOG) Stock Price, News & Analysis

$118.31
-2.00 (-1.66%)
(As of 07/26/2024 ET)
Today's Range
$117.52
$121.46
50-Day Range
$108.84
$134.56
52-Week Range
$77.81
$138.61
Volume
3.82 million shs
Average Volume
4.05 million shs
Market Capitalization
$39.57 billion
P/E Ratio
369.72
Dividend Yield
N/A
Price Target
$138.21

Datadog MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.88 Rating Score
Upside/​Downside
16.8% Upside
$138.21 Price Target
Short Interest
Healthy
2.94% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.81
Upright™ Environmental Score
News Sentiment
0.99mentions of Datadog in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$103.80 M Sold Last Quarter
Proj. Earnings Growth
25.00%
From $0.32 to $0.40 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.86 out of 5 stars

Computer And Technology Sector

34th out of 612 stocks

Prepackaged Software Industry

10th out of 202 stocks

DDOG stock logo

About Datadog Stock (NASDAQ:DDOG)

Datadog Inc, a Nasdaq-listed company, is a monitoring and analytics platform founded on June 4, 2010, by Olivier Pomel and Alexis Lê-Quôc. The platform is designed for developers, IT operations teams and business users primarily operating in the cloud. Datadog's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management and security monitoring.

Datadog was founded to be a cloud infrastructure monitoring service that provides alerting, an easy-to-use dashboard, and metrics visualizations. However, over the years, it has expanded its product offerings to cover service providers such as Google Cloud Platform, Amazon Web Services (AWS), Red Hat OpenShift, VMware,  Microsoft Azure and OpenStack. The company supports over 450 integrations.

The Datadog platform provides a range of shared features, including dashboards, analytics, collaboration tools and alerting capabilities. Its platform offers user experience monitoring, network performance monitoring, cloud security, developer-focused observability and incident management.

The company operates a fast-growing software platform that monitors customers' cloud activity and mines it for business insights. Datadog's backend uses several open and closed source technologies, including PostgreSQL, Apache Cassandra, D3 and Kafka.

Datadog uses a Go-Based Agent that is lightweight, easy to deploy and supports a wide range of programming languages. The Go-Based Agent allows customers to integrate Datadog with their existing applications and infrastructure. Go is an open-source programming language that simplifies building secure and scalable systems. 

In August 2022, Datadog acquired an API observability company called Seekret. Seekret provides a platform that helps developers to monitor, troubleshoot and optimize their APIs. With this acquisition, Datadog aims to expand its capabilities in the fast-growing API observability market.

In November 2022, Datadog acquired Cloudcraft, a New York-based visualization service for cloud and system architects, for an undisclosed sum. Cloudcraft provides a platform that helps architects to design and visualize their cloud infrastructure. With this acquisition, Datadog aims to enhance its capabilities in the cloud infrastructure visualization market.

Datadog is headquartered in New York City and has offices in various locations, including London, Dublin, Paris and Tokyo. The company moved its headquarters to the New York Times building, purchasing an entire building floor to support its growing team. 

Datadog acquired the Paris-based Logmatic.io in 2017. Logmatic.io specializes in machine data analysis, and the acquisition helped Datadog to strengthen its presence in the European market.

Madumbo, a company that has developed an AI-based application testing platform, joined Datadog in 2019. Adding Madumbo's technology helped Datadog enhance its application performance testing and monitoring capabilities.

Datadog went public on the Nasdaq exchange on September 19, 2019, selling 24 million shares and raising $648 million. The IPO was one of the most successful tech IPOs of that year.

DDOG Stock Price History

DDOG Stock News Headlines

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Is CrowdStrike Stock a Hidden Gem After the Recent Selloff? (DDOG)
Shares of Crowdstrike are down over 20% in the past couple of trading days, but markets still stand by the company in hopes of a turnaround to analyst targets
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MarketBeat Week in Review – 7/15 - 7/19 (DDOG)
Stocks took a breather to close the week, but corporate earnings and the next reading on the PCE index will help determine what direction the market moves next
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This Cybersecurity Stock Gains Analysts' Favor for Strong Growth (DDOG)
Datadog is attracting the market's attention in all the right ways, Wall Street analysts now see double-digit upside backed by the company's financial momentum
Dave Ramsey Makes Big Mistake Live On Air
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
3 Hypergrowth AI Stocks Every Investor Must Own
Datadog (NASDAQ:DDOG) Stock Rating Reaffirmed by Cantor Fitzgerald
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Software
Current Symbol
NASDAQ:DDOG
Fax
N/A
Employees
5,200
Year Founded
2010

Price Target and Rating

Average Stock Price Target
$138.21
High Stock Price Target
$165.00
Low Stock Price Target
$98.00
Potential Upside/Downside
+17.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.88
Research Coverage
33 Analysts

Profitability

Net Income
$48.57 million
Pretax Margin
5.62%

Debt

Sales & Book Value

Annual Sales
$2.13 billion
Cash Flow
$0.39 per share
Book Value
$6.12 per share

Miscellaneous

Free Float
295,095,000
Market Cap
$39.44 billion
Optionable
Optionable
Beta
1.11

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Should I Buy Datadog Stock? DDOG Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Datadog, Inc.:

  • Datadog stock has shown resilience with a 50-day simple moving average of $121.29 and a 200-day simple moving average of $122.81, indicating stability in its price trends.
  • Analysts have set a consensus price target of $137.50 for Datadog, suggesting potential for price appreciation based on market expectations.
  • Datadog reported a positive EPS of $0.16 for the last quarter, surpassing analysts' estimates by $0.20, showcasing strong financial performance.
  • The company has a healthy quick ratio of 3.43 and a current ratio of 3.43, indicating strong liquidity positions to meet short-term obligations.
  • With a market cap of $38.43 billion, Datadog is a significant player in the industry, offering investors exposure to a sizable market presence.

Cons

Investors should be bearish about investing in Datadog, Inc. for these reasons:

  • Datadog's price-to-earnings ratio of 354.88 and a PEG ratio of 42.65 may indicate overvaluation, posing a risk for investors concerned about high valuation metrics.
  • The company's beta of 1.10 suggests higher volatility compared to the market average, potentially leading to greater price fluctuations and risk exposure.
  • While Datadog has seen positive analyst ratings, the stock also has four hold ratings, indicating some uncertainty or mixed opinions among analysts regarding its future performance.
  • The debt-to-equity ratio of 0.34 may raise concerns about the company's leverage levels and ability to manage debt obligations effectively in varying market conditions.
  • Despite recent positive financial results, Datadog's net margin of 5.11% may be considered relatively low, signaling potential challenges in generating significant profits compared to competitors with higher margins.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, June 22, 2024. Please send any questions or comments about these Datadog pros and cons to contact@marketbeat.com.

DDOG Stock Analysis - Frequently Asked Questions

How have DDOG shares performed this year?

Datadog's stock was trading at $121.38 on January 1st, 2024. Since then, DDOG stock has decreased by 2.5% and is now trading at $118.31.
View the best growth stocks for 2024 here
.

How were Datadog's earnings last quarter?

Datadog, Inc. (NASDAQ:DDOG) released its earnings results on Tuesday, May, 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.20. The firm had revenue of $611.25 million for the quarter, compared to the consensus estimate of $589.97 million. Datadog had a trailing twelve-month return on equity of 7.48% and a net margin of 5.11%.

What is Olivier Pomel's approval rating as Datadog's CEO?

167 employees have rated Datadog Chief Executive Officer Olivier Pomel on Glassdoor.com. Olivier Pomel has an approval rating of 95% among the company's employees. This puts Olivier Pomel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Does Datadog have any subsidiaries?

The following companies are subsidiaries of Datadog: Undefined Labs, Madumbo, logmatic.io, Mortar Data, 1533 Systems LLC, Datadog France SAS, Datadog Germany GmbH, and more.

When did Datadog IPO?

Datadog (DDOG) raised $492 million in an initial public offering on Thursday, September 19th 2019. The company issued 24,000,000 shares at a price of $19.00-$22.00 per share. Morgan Stanley, Goldman Sachs, J.P. Morgan and Credit Suisse served as the underwriters for the IPO and Barclays, Jefferies, RBC Capital Markets, JMP Securities, Raymond James, Stifel, William Blair and Needham were co-managers.

Who are Datadog's major shareholders?

Datadog's top institutional investors include Baillie Gifford & Co. (2.84%), Allspring Global Investments Holdings LLC (0.32%), Sumitomo Mitsui Trust Holdings Inc. (0.26%) and DNB Asset Management AS (0.25%). Insiders that own company stock include Shardul Shah, David M Obstler, Olivier Pomel, Amit Agarwal, Alexis Le-Quoc, Adam Blitzer, Sean Michael Walters, Dev Ittycheria, Madre Armelle De, Kerry Acocella, Matthew Jacobson, Titilope Cole, Julie Richardson, Michael James Callahan and Laszlo Kopits.
View institutional ownership trends
.

How do I buy shares of Datadog?

Shares of DDOG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Datadog own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Datadog investors own include NVIDIA (NVDA), DocuSign (DOCU), Block (SQ), Trade Desk (TTD), Shopify (SHOP), Fastly (FSLY) and CrowdStrike (CRWD).

This page (NASDAQ:DDOG) was last updated on 7/26/2024 by MarketBeat.com Staff

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