Datadog (NASDAQ:DDOG) Announces Earnings Results

Datadog (NASDAQ:DDOG – Get Rating) released its quarterly earnings results on Thursday. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10, Briefing.com reports. The firm had revenue of $406.14 million during the quarter, compared to analysts’ expectations of $381.28 million. Datadog had a return on equity of 1.53% and a net margin of 0.17%. Datadog’s quarterly revenue was up 73.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) EPS.

Datadog Stock Performance

NASDAQ DDOG traded up $2.80 during trading hours on Friday, hitting $113.29. The company had a trading volume of 6,367,667 shares, compared to its average volume of 5,113,981. Datadog has a fifty-two week low of $81.12 and a fifty-two week high of $199.68. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $98.82 and a 200-day simple moving average of $121.67. The firm has a market cap of $35.69 billion, a P/E ratio of -11,329,000.00 and a beta of 1.15.

Analyst Ratings Changes

A number of research firms have weighed in on DDOG. The Goldman Sachs Group decreased their price target on Datadog from $250.00 to $223.00 and set a “buy” rating for the company in a report on Thursday, April 14th. Mizuho reduced their target price on Datadog from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Friday. KeyCorp reduced their target price on Datadog from $132.00 to $127.00 and set an “overweight” rating for the company in a research note on Friday. Barclays reduced their target price on Datadog from $150.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Citigroup reduced their target price on Datadog from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Friday. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $154.20.

Insiders Place Their Bets

In other Datadog news, Director Shardul Shah sold 16,487 shares of the stock in a transaction on Monday, May 9th. The stock was sold at an average price of $99.49, for a total value of $1,640,291.63. Following the sale, the director now directly owns 440,523 shares of the company’s stock, valued at $43,827,633.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Shardul Shah sold 16,487 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $99.49, for a total transaction of $1,640,291.63. Following the transaction, the director now directly owns 440,523 shares of the company’s stock, valued at $43,827,633.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Olivier Pomel sold 12,667 shares of the firm’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $102.22, for a total value of $1,294,820.74. Following the transaction, the chief executive officer now directly owns 269,848 shares in the company, valued at $27,583,862.56. The disclosure for this sale can be found here. Insiders have sold 148,650 shares of company stock valued at $15,336,520 over the last three months. Company insiders own 15.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. increased its holdings in shares of Datadog by 3.1% during the first quarter. Ameritas Investment Partners Inc. now owns 5,791 shares of the company’s stock valued at $877,000 after purchasing an additional 172 shares during the period. Wetherby Asset Management Inc. increased its holdings in shares of Datadog by 16.2% during the first quarter. Wetherby Asset Management Inc. now owns 1,464 shares of the company’s stock valued at $222,000 after purchasing an additional 204 shares during the period. Yousif Capital Management LLC boosted its stake in Datadog by 9.3% during the first quarter. Yousif Capital Management LLC now owns 3,631 shares of the company’s stock valued at $550,000 after buying an additional 310 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Datadog by 25.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,718 shares of the company’s stock valued at $412,000 after buying an additional 558 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in Datadog by 71.7% during the first quarter. Captrust Financial Advisors now owns 1,921 shares of the company’s stock valued at $291,000 after buying an additional 802 shares in the last quarter. 65.17% of the stock is owned by institutional investors and hedge funds.

About Datadog

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Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.