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Datadog (DDOG) Stock Price, News & Analysis

$122.18
-0.57 (-0.46%)
(As of 03:28 PM ET)
Today's Range
$122.01
$125.44
50-Day Range
$112.40
$131.45
52-Week Range
$77.81
$138.61
Volume
2.12 million shs
Average Volume
4.15 million shs
Market Capitalization
$40.87 billion
P/E Ratio
381.81
Dividend Yield
N/A
Price Target
$135.58

Datadog MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.87 Rating Score
Upside/​Downside
8.9% Upside
$135.58 Price Target
Short Interest
Healthy
3.00% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.81
Upright™ Environmental Score
News Sentiment
0.95mentions of Datadog in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$89.07 M Sold Last Quarter
Proj. Earnings Growth
18.52%
From $0.27 to $0.32 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.

4.42 out of 5 stars

Computer And Technology Sector

43rd out of 585 stocks

Prepackaged Software Industry

14th out of 197 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

Datadog: In the Doghouse or Pullback to the Buyzone?
Datadog NASDAQ: DDOG shares are down hard following its Q1 release and may be in the doghouse. However, heightened expectations, tepid guidance, and the exit of long-time president Amit Agarwal are also at play, suggesting a knee-jerk reaction to the news and a buy-the-dip opportunity for investors.
Datadog: In the Doghouse or Pullback to the Buyzone? 
Datadog had a solid quarter, with growth in large customers driving gains. Guidance is tepid but compared to high expectations. The stock is down; buy the dip.
Tech Earnings Insights: Where Opportunity Meets Uncertainty (DDOG)
Tech earnings season presents a complex mix of opportunities and challenges for investors navigating this dynamic and ever-evolving sector.
DDOG May 2024 135.000 put
DDOG May 2024 137.000 put
Is Datadog Stock a Buy Now?
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Today
5/23/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$135.58
High Stock Price Target
$165.00
Low Stock Price Target
$100.00
Potential Upside/Downside
+9.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.87
Research Coverage
30 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
$6.58 per share

Miscellaneous

Free Float
295,095,000
Market Cap
$41.34 billion
Optionable
Optionable
Beta
1.14

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DDOG Stock Analysis - Frequently Asked Questions

Should I buy or sell Datadog stock right now?

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Datadog in the last twelve months. There are currently 5 hold ratings, 24 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?

30 Wall Street research analysts have issued 1-year target prices for Datadog's stock. Their DDOG share price targets range from $100.00 to $165.00. On average, they expect the company's share price to reach $135.58 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price.
View analysts price targets for DDOG
or view top-rated stocks among Wall Street analysts.

How have DDOG shares performed in 2024?

Datadog's stock was trading at $121.38 at the start of the year. Since then, DDOG stock has increased by 2.6% and is now trading at $124.53.
View the best growth stocks for 2024 here
.

When is Datadog's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
View our DDOG earnings forecast
.

How were Datadog's earnings last quarter?

Datadog, Inc. (NASDAQ:DDOG) released its earnings results on Tuesday, February, 13th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. The company earned $589.65 million during the quarter, compared to analysts' expectations of $568.73 million. Datadog had a trailing twelve-month return on equity of 7.48% and a net margin of 5.11%. The company's revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.08) earnings per share.

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

Datadog issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of 0.340-0.360 for the period, compared to the consensus EPS estimate of 0.350. The company issued revenue guidance of $620.0 million-$624.0 million, compared to the consensus revenue estimate of $620.6 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?

Datadog (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 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 stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.27%), Baillie Gifford & Co. (2.90%), Price T Rowe Associates Inc. MD (2.46%), WCM Investment Management LLC (1.64%), 1832 Asset Management L.P. (0.71%) and Brown Capital Management LLC (0.63%). 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 and Shardul Shah.
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.

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.
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This page (NASDAQ:DDOG) was last updated on 5/23/2024 by MarketBeat.com Staff

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