Should I buy or sell Datadog stock right now?

31 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Datadog in the last year. There are currently 1 sell rating, 7 hold ratings and 23 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DDOG shares. View DDOG analyst ratings or view top-rated stocks .

What is Datadog's stock price target for 2024?

31 Wall Street analysts have issued twelve-month target prices for Datadog's shares. Their DDOG share price targets range from $70.00 to $140.00. On average, they predict the company's stock price to reach $112.45 in the next year. This suggests that the stock has a possible downside of 1.2%. View analysts price targets for DDOG or view top-rated stocks among Wall Street analysts .

How have DDOG shares performed in 2023?

Datadog's stock was trading at $73.50 at the beginning of the year. Since then, DDOG shares have increased by 54.9% and is now trading at $113.83. View the best growth stocks for 2023 here .

When is Datadog's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024. View our DDOG earnings forecast .

How were Datadog's earnings last quarter?

Datadog, Inc. (NASDAQ:DDOG) released its quarterly earnings data on Tuesday, November, 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.06. The business earned $547.54 million during the quarter, compared to the consensus estimate of $523.30 million. Datadog had a negative net margin of 1.72% and a negative trailing twelve-month return on equity of 1.39%.

What ETFs hold Datadog's stock?

ETFs with the largest weight of Datadog (NASDAQ:DDOG) stock in their portfolio include WisdomTree Cybersecurity Fund (WCBR) , Franklin Exponential Data ETF (XDAT) , AXS Esoterica NextG Economy ETF (WUGI) , TrueShares Technology, AI & Deep Learning ETF (LRNZ) , ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) , Roundhill S&P Dividend Monarchs ETF (KNGS) , ProShares Big Data Refiners ETF (DAT) and Spear Alpha ETF (SPRX) .

What guidance has Datadog issued on next quarter's earnings?

Datadog issued an update on its fourth quarter earnings guidance on Tuesday, November, 7th. The company provided earnings per share (EPS) guidance of $0.42-0.44 for the period, compared to the consensus earnings per share estimate of $0.35. The company issued revenue guidance of $564-568 million, compared to the consensus revenue estimate of $544.90 million.

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.

What other stocks do shareholders of Datadog own?

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) .

When did Datadog IPO?

(DDOG) raised $492 million in an initial public offering (IPO) 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 acted 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 stock is owned by a number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (3.12%), WCM Investment Management LLC (1.94%), Sands Capital Management LLC (1.35%), Artisan Partners Limited Partnership (0.72%), Massachusetts Financial Services Co. MA (0.64%) and Northern Trust Corp (0.52%). Insiders that own company stock include 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. 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Does Datadog have any subsidiaries?

The following companies are subsidiares of Datadog: 1533 Systems LLC, DDog Singapore PTE. LTD., Datadog France SAS, Datadog Germany GmbH, Datadog Holding Limited, Datadog Ireland Limited, Datadog Ireland Limited Australia Branch, Datadog Ireland Limited UK Branch, Datadog Japan GK, Focusmatic SAS, Madumbo, Madumbo SAS, Mortar Data, Undefined Labs, and logmatic.io. Read More

Datadog Stock Price, News & Analysis (NASDAQ:DDOG)

$113.83

-1.17 (-1.02%)

(As of 12/8/2023 ET)

Compare

Today's Range: $112.25
▼
$114.39
50-Day Range: $79.24
▼
$118.62
52-Week Range: $61.34
▼
$120.26

Volume: 3.13 million shs
Average Volume: 3.51 million shs
Market Capitalization: $37.40 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $111.80

Datadog MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 1.2% Downside
$112.45 Price Target
Short Interest: Healthy
2.77% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.81
Upright™ Environmental Score
News Sentiment: 0.21
Based on 50 Articles This Week
Insider Trading: Selling Shares
$69.29 M Sold Last Quarter
Proj. Earnings Growth: -12.50%
From $0.16 to $0.14 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.97 out of 5 stars

Computer And Technology Sector

354th out of 597 stocks

Prepackaged Software Industry

79th out of 160 stocks

2.4

Analyst's Opinion

Consensus Rating
Datadog has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 23 buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $112.45, Datadog has a forecasted downside of 1.2% from its current price of $113.83.
Amount of Analyst Coverage
Datadog has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
2.77% of the outstanding shares of Datadog have been sold short.
Short Interest Ratio / Days to Cover
Datadog has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Datadog has recently decreased by 4.81%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Datadog does not currently pay a dividend.
Dividend Growth
Datadog does not have a long track record of dividend growth.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Datadog has received a 28.12% net impact score from Upright. Datadog seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is false driven by its "Network monitoring and management software", "Server monitoring software", and "Cybersecurity monitoring services" products. See details.
Environmental Sustainability
The Environmental Impact score for Datadog is -0.81.

2.3

News and Social Media Coverage

News Sentiment
Datadog has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 50 news articles for Datadog this week, compared to 10 articles on an average week.
Search Interest
Only 72 people have searched for DDOG on MarketBeat in the last 30 days. This is a decrease of -12% compared to the previous 30 days.
MarketBeat Follows
31 people have added Datadog to their MarketBeat watchlist in the last 30 days. This is an increase of 121% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Datadog insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $69,286,285.00 in company stock.
Percentage Held by Insiders
14.97% of the stock of Datadog is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
68.30% of the stock of Datadog is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Datadog are expected to decrease by -12.50% in the coming year, from $0.16 to $0.14 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Datadog is -948.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Datadog is -948.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Datadog has a PEG Ratio of 26.51. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Datadog has a P/B Ratio of 25.75. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

DDOG Stock News Headlines

November 28, 2023 | insidertrades.com

The most active insider sales: Stocks to put on your radar (DDOG)

November 27, 2023 | marketbeat.com

Web security powerhouse Cloudflare inches closer to a breakout (DDOG)

Cybersecurity stock Cloudflare is nearing a breakout following a strong earnings report and upbeat guidance. The company is rolling out more AI features.

December 9, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.

November 18, 2023 | marketbeat.com

MarketBeat Week in Review – 11/13 - 11/17 (DDOG)

Stocks are looking to make it three straight weeks of positive gains as positive inflation and housing news offset a weak retail outlook

November 15, 2023 | marketbeat.com

Datadog is about to hit 52-week highs, and there's more to come (DDOG)

Considering Datadog's stock had fallen more than 30% since July as investors grew increasingly pessimistic, there's been a whole lot of revaluing to be done.

December 8, 2023 | finance.yahoo.com

DDOG Dec 2023 131.000 call

December 8, 2023 | seekingalpha.com

Datadog: Enterprises Cloud Optimization Starts To Moderate, Impressive AI Contribution

December 8, 2023 | seekingalpha.com

Datadog: Despite Recent Strength, It's Time To Lock In Gains

December 9, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

December 8, 2023 | msn.com

Stifel Upgrades Datadog Inc - (DDOG)

December 8, 2023 | finance.yahoo.com

Insider Sell: CEO Olivier Pomel Sells 104,346 Shares of Datadog Inc (DDOG)

December 8, 2023 | seekingalpha.com

Datadog Leaves Little Room For Error