NASDAQ:DDOG

Datadog (DDOG) Stock Forecast, Price & News

$93.59

-8.26 (-8.11%)

(As of 06/7/2023 ET)

Compare

Today's Range: $93.31
▼
$102.66
50-Day Range: $62.69
▼
$101.85
52-Week Range: $61.34
▼
$120.75

Volume: 7.64 million shs
Average Volume: 5.36 million shs
Market Capitalization: $30.12 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $103.00

Datadog MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.77 Rating Score
Upside/Downside: 10.1% Upside
$103.00 Price Target
Short Interest: Healthy
2.89% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.81
Upright™ Environmental Score
News Sentiment: -0.08
Based on 32 Articles This Week
Insider Trading: Selling Shares
$62 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.15) to ($0.07) Per Share

Overall MarketRank^™

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

2.44 out of 5 stars

Computer And Technology Sector

135th out of 596 stocks

Prepackaged Software Industry

28th out of 207 stocks

3.4

Analyst's Opinion

Consensus Rating
Datadog has received a consensus rating of Buy. The company's average rating score is 2.77, and is based on 24 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $103.00, Datadog has a forecasted upside of 10.1% from its current price of $93.59.
Amount of Analyst Coverage
Datadog has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
2.89% 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 1.7, 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 6.53%, indicating that investor sentiment is improving significantly.

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.

1.6

News and Social Media Coverage

News Sentiment
Datadog has a news sentiment score of -0.08. 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 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 32 news articles for Datadog this week, compared to 10 articles on an average week.
Search Interest
Only 71 people have searched for DDOG on MarketBeat in the last 30 days. This is a decrease of -41% compared to the previous 30 days.
MarketBeat Follows
21 people have added Datadog to their MarketBeat watchlist in the last 30 days. This is an increase of 17% 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 $61,995,043.00 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
70.93% of the stock of Datadog is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Datadog are expected to grow in the coming year, from ($0.15) to ($0.07) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Datadog is -346.62, 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 -346.62, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Datadog has a P/B Ratio of 21.17. 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 (NASDAQ:DDOG) Stock

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.

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DDOG Stock News Headlines

June 6, 2023 | marketbeat.com

Dynatrace Stock Surges On AI, 'Mandatory' Network Monitoring (DDOG)

Investors are cheering Dynatrace's revenue and earnings growth, which fueled strong price gains. Dynatrace is known for its AI-driven observability platform.

May 9, 2023 | marketbeat.com

Palantir: Bottoming On Unprecedented Demand (DDOG)

Palantir had a great quarter with growth in all segments but some analysts are not impressed and see this stock moving sideways in 2023.

June 7, 2023 | Legacy Research (Affiliate) (Ad)

“One-Stock Millionaire” IGNORES 99.9% of the Market

During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.

May 9, 2023 | marketbeat.com

Snowflake Upgraded As Headwinds Ease: AI In Focus (DDOG)

Snowflake gets an upgrade on strength shown by other cloud services companies and an expected boom in AI that is already underway.

June 7, 2023 | finance.yahoo.com

Datadog Extends Cloud Cost Management Capabilities with Container Cost Allocation, Cost Monitors and Support for Microsoft Azure

June 7, 2023 | finance.yahoo.com

Possible Bearish Signals With Datadog Insiders Disposing Stock

June 7, 2023 | finance.yahoo.com

Ably Announces New Integration with Datadog to Streamline Realtime Metrics Monitoring

June 7, 2023 | finance.yahoo.com

Possible Bearish Signals With Datadog Insiders Disposing Stock \

June 7, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!