Datadog (DDOG) Stock Forecast, Price & News

31 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Datadog in the last twelve months. There are currently 7 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DDOG shares.
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31 Wall Street analysts have issued 1-year price objectives for Datadog's stock. Their DDOG share price forecasts range from $70.00 to $172.00. On average, they expect the company's stock price to reach $103.00 in the next twelve months. This suggests a possible upside of 4.3% from the stock's current price.
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Datadog's stock was trading at $73.50 on January 1st, 2023. Since then, DDOG stock has increased by 34.4% and is now trading at $98.77.
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Datadog saw a decline in short interest in May. As of May 15th, there was short interest totaling 9,300,000 shares, a decline of 6.5% from the April 30th total of 9,950,000 shares. Based on an average trading volume of 5,320,000 shares, the days-to-cover ratio is currently 1.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Datadog, Inc. (NASDAQ:DDOG) released its quarterly earnings results on Thursday, May, 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.05. The company earned $481.71 million during the quarter, compared to analysts' expectations of $468.29 million. Datadog had a negative trailing twelve-month return on equity of 4.86% and a negative net margin of 4.68%.

ETFs with the largest weight of Datadog (NASDAQ:DDOG) stock in their portfolio include ProShares Big Data Refiners ETF (DAT), UPHOLDINGS Compound Kings ETF (KNGS), WisdomTree Cybersecurity Fund (WCBR), AXS Esoterica NextG Economy ETF (WUGI), TrueShares Technology, AI & Deep Learning ETF (LRNZ), Franklin Exponential Data ETF (XDAT), Spear Alpha ETF (SPRX) and First Trust NASDAQ 100 Technology Index Fund (QTEC).

Datadog issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $0.27-$0.29 for the period, compared to the consensus estimate of $0.26. The company issued revenue guidance of $498.00 million-$502.00 million, compared to the consensus revenue estimate of $500.69 million.

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.

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

(DDOG) raised $492 million in an initial public offering on Thursday, September 19th 2019. The company issued 24,000,000 shares at $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.

Datadog trades on the NASDAQ under the ticker symbol "DDOG."

Datadog's stock is owned by many different retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (2.24%), Baillie Gifford & Co. (1.91%), WCM Investment Management LLC (1.49%), Sands Capital Management LLC (1.27%), Geode Capital Management LLC (1.12%) and Brown Capital Management LLC (1.13%). Insiders that own company stock include (Jersey) Slp Yucca, Adam Blitzer, Alexis Le-Quoc, Amit Agarwal, Dan Fougere, David M Obstler, David M Obstler, Dev Ittycheria, Julie Richardson, Kerry Acocella, Laszlo Kopits, Madre Armelle De, Matthew Jacobson, Michael James Callahan, Olivier Pomel, Sean Michael Walters, Shardul Shah and Ventures Vi (Jersey) Lp Index.
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Shares of DDOG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DDOG stock can currently be purchased for approximately $98.77.

Datadog (NASDAQ:DDOG) has a market capitalization of $31.79 billion and generates $1.68 billion in revenue each year. The company earns $-50,160,000.00 in net income (profit) each year or ($0.27) on an earnings per share basis.

The company employs 4,800 workers across the globe.

Datadog's mailing address is 620 EIGHTH AVENUE 45TH FLOOR, NEW YORK NY, 10018. The official website for the company is www.datadoghq.com. The company can be reached via phone at 866-329-4466 or via email at ir@datadoghq.com.