NASDAQ:DDOG

Datadog (DDOG) Stock Forecast, Price & News

$88.76

+0.34 (+0.38%)

(As of 04:34 PM ET)

Compare

Today's Range: $87.26
▼
$89.72
50-Day Range: $86.76
▼
$116.72
52-Week Range: $61.34
▼
$118.02

Volume: 2.49 million shs
Average Volume: 4.89 million shs
Market Capitalization: $28.85 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $106.27

Datadog MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.78 Rating Score
Upside/Downside: 19.2% Upside
$106.27 Price Target
Short Interest: Healthy
4.16% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.81
Upright™ Environmental Score
News Sentiment: 0.42
Based on 14 Articles This Week
Insider Trading: Selling Shares
$114.52 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

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

2.20 out of 5 stars

Computer And Technology Sector

331st out of 585 stocks

Prepackaged Software Industry

99th out of 199 stocks

3.4

Analyst's Opinion

Consensus Rating
Datadog has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 21 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $106.27, Datadog has a forecasted upside of 19.2% from its current price of $89.12.
Amount of Analyst Coverage
Datadog has been the subject of 18 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
4.16% 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 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Datadog has recently increased by 26.80%, indicating that investor sentiment is decreasing 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.

2.5

News and Social Media Coverage

News Sentiment
Datadog has a news sentiment score of 0.42. 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 0.58 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Datadog this week, compared to 9 articles on an average week.
Search Interest
Only 38 people have searched for DDOG on MarketBeat in the last 30 days. This is a decrease of -52% compared to the previous 30 days.
MarketBeat Follows
41 people have added Datadog to their MarketBeat watchlist in the last 30 days. This is an increase of 46% 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 $114,516,907.00 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

Price to Earnings Ratio vs. the Market
The P/E ratio of Datadog is -342.77, 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 -342.77, 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 1,573.50. 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 20.16. 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.

DDOG Price History

30 days | 90 days | 365 days | Advanced Chart

DDOG Stock News Headlines

September 7, 2023 | marketbeat.com

Same Coin, Different Sides: 2 Observability Stocks Reverse Ways (DDOG)

Observability is a strong theme in 2023. It refers to the ability to simultaneously monitor your information technology (IT) infrastructure and apps, like

August 31, 2023 | marketbeat.com

6 Cybersecurity Stocks: Which is the Best to Buy? (DDOG)

These six cybersecurity stocks outperform their expectations and are set up to move higher on analysts' sentiment and growth.

September 22, 2023 | Chaikin Analytics (Ad)

Holding NVDA? Read This Now

NVDA is likely not the best buy for A.I. investors. 50-year Wall Street veteran Marc Chaikin reveals what to buy instead. Learn more here.

September 20, 2023 | finance.yahoo.com

Datadog (DDOG) Stock Moves -0.9%: What You Should Know

September 19, 2023 | finance.yahoo.com

Datadog, Inc. (NASDAQ:DDOG) Is Expected To Breakeven In The Near Future

September 18, 2023 | seekingalpha.com

Datadog Is A Winning Bet As Rule Of 40 Stocks Are Rarer In This Market

September 18, 2023 | seekingalpha.com

Datadog: Still A Growth Story For The Long Term

September 18, 2023 | americanbankingnews.com

Reviewing Alteryx (NYSE:AYX) and Datadog (NASDAQ:DDOG)

September 22, 2023 | Stansberry Research (Ad)

Investing Legend Warns: NVIDIA is a "Delusion"

Irrational investment in this tech giant may have made it “too big to succeed” says this renowned expert. Read this before you buy shares.

September 17, 2023 | americanbankingnews.com

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel Sells 85,637 Shares

September 17, 2023 | americanbankingnews.com

Datadog, Inc. (NASDAQ:DDOG) CFO Sells $981,600.00 in Stock

September 16, 2023 | finance.yahoo.com

Insider Sell: CFO David Obstler Sells 10,000 Shares of Datadog Inc

September 15, 2023 | finance.yahoo.com

Datadog: Barking Up the Right Tree

September 15, 2023 | benzinga.com

Datadog Unusual Options Activity For September 15

September 15, 2023 | seekingalpha.com

Datadog: Alarming Mismatch Between Consensus Estimates, Management Guidance

September 15, 2023 | americanbankingnews.com

Datadog, Inc. (NASDAQ:DDOG) Director Sells $6,875,000.00 in Stock

September 14, 2023 | finance.yahoo.com

Insider Sell: Datadog Inc's Chief Revenue Officer Sean Walters Sells 2,420 Shares

September 12, 2023 | finance.yahoo.com

Datadog (DDOG) Recently Broke Out Above the 50-Day Moving Average

September 10, 2023 | finance.yahoo.com

Insider Sell: Alexis Le-quoc Sells 85,142 Shares of Datadog Inc

September 8, 2023 | msn.com

Why Did DataDog Stock Fall 17% in August?

September 7, 2023 | seekingalpha.com

Datadog, Inc. (DDOG) Citi's 2023 Global Technology Conference

September 7, 2023 | benzinga.com

Datadog Unusual Options Activity For September 07

September 6, 2023 | benzinga.com

Airbyte Integrates with Datadog to Ensure Reliability of Data Pipelines

September 6, 2023 | seekingalpha.com

Datadog, Inc. (DDOG) Management Presents at The Goldman Sachs Communacopia & Technology Conference (Transcript)

August 24, 2023 | finance.yahoo.com

Datadog Report Finds the Serverless Ecosystem Growing Across All Major Clouds

August 19, 2023 | finance.yahoo.com

1 Unstoppable Stock Down Over 50% to Buy Hand Over Fist, According to Wall Street

August 19, 2023 | msn.com

TD Cowen Initiates Coverage of Datadog Inc - (DDOG) with Outperform Recommendation

See More Headlines

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DDOG Company Calendar

Last Earnings: 8/08/2023
Today: 9/22/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:DDOG
CUSIP: N/A
CIK: 1561550
Web: www.datadoghq.com
Phone: 866-329-4466
Fax: N/A
Employees: 4,800
Year Founded: 2010

Price Target and Rating

Average Stock Price Forecast: $106.27
High Stock Price Forecast: $140.00
Low Stock Price Forecast: $70.00
Forecasted Upside/Downside: +18.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.78
Research Coverage: 27 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.26)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: 1573.5
Net Income: $-50,160,000.00
Net Margins: -4.38%
Pretax Margin: -3.70%
Return on Equity: -4.66%
Return on Assets: -2.23%

Debt

Debt-to-Equity Ratio: 0.45
Current Ratio: 3.41
Quick Ratio: 3.42

Sales & Book Value

Annual Sales: $1.68 billion
Price / Sales: 17.33
Cash Flow: $0.10 per share
Price / Cash Flow: 932.42
Book Value: $4.42 per share
Price / Book: 20.21

Miscellaneous

Outstanding Shares: 325,000,000
Free Float: 276,347,000
Market Cap: $29.04 billion
Optionable: Not Optionable
Beta: 0.98

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Key Executives

Mr. Olivier Pomel (Age 46)
Co-Founder, CEO & Director
Comp: $1M

Mr. Amit Agarwal (Age 49)
Pres
Comp: $705.16k

Mr. Alexis Le-Quoc (Age 48)
Co-Founder, CTO & Director
Comp: $1M

Mr. David M. Obstler (Age 63)
Chief Financial Officer
Comp: $704.69k

Mr. Sean Michael Walters (Age 51)
Chief Revenue Officer
Comp: $619.68k

Mr. Adam Blitzer (Age 42)
Chief Operating Officer

Mr. Emilio Escobar
Chief Information Security Officer

Mr. Alexander Joseph Ljubich C.F.A.
Director of IR and FP&A

Ms. Kerry S. Acocella J.D. (Age 42)
Gen. Counsel & Sec.

Mr. Alex Rosemblat
Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DDOG Stock - Frequently Asked Questions

Should I buy or sell Datadog stock right now?: 27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Datadog in the last year. There are currently 6 hold ratings and 21 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 forecast for 2023?: 27 Wall Street analysts have issued 12-month price objectives for Datadog's shares. Their DDOG share price forecasts range from $70.00 to $140.00. On average, they expect the company's share price to reach $106.27 in the next year. This suggests a possible upside of 19.1% 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 2023?: Datadog's stock was trading at $73.50 on January 1st, 2023. Since then, DDOG stock has increased by 21.4% and is now trading at $89.26.
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, November 2nd 2023.
View our DDOG earnings forecast.
How were Datadog's earnings last quarter?: Datadog, Inc. (NASDAQ:DDOG) announced its quarterly earnings results on Tuesday, August, 8th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.08. The business earned $509.46 million during the quarter, compared to analysts' expectations of $501.55 million. Datadog had a negative net margin of 4.38% and a negative trailing twelve-month return on equity of 4.66%. The company's quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share.
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), Upholdings Compound Kings ETF (KNGS), ProShares Big Data Refiners ETF (DAT) and Spear Alpha ETF (SPRX).
What guidance has Datadog issued on next quarter's earnings?: Datadog updated its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of $0.33-$0.35 for the period, compared to the consensus earnings per share estimate of $0.29. The company issued revenue guidance of $521.00 million-$525.00 million, compared to the consensus revenue estimate of $534.48 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 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.
What is Datadog's stock symbol?: Datadog trades on the NASDAQ under the ticker symbol "DDOG."
Who are Datadog's major shareholders?: Datadog's stock is owned by many different retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (3.67%), Baillie Gifford & Co. (3.23%), ICONIQ Capital LLC (2.43%), WCM Investment Management LLC (1.93%), Sands Capital Management LLC (1.41%) and Geode Capital Management LLC (1.18%). 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.
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.
What is Datadog's stock price today?: One share of DDOG stock can currently be purchased for approximately $89.26.
How much money does Datadog make?: Datadog (NASDAQ:DDOG) has a market capitalization of $29.01 billion and generates $1.68 billion in revenue each year. The company earns $-50,160,000.00 in net income (profit) each year or ($0.26) on an earnings per share basis.
How many employees does Datadog have?: The company employs 4,800 workers across the globe.
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
How can I contact Datadog?: 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.

This page (NASDAQ:DDOG) was last updated on 9/22/2023 by MarketBeat.com Staff

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