Datadog (DDOG) Scheduled to Post Quarterly Earnings on Thursday

Datadog (NASDAQ:DDOG) will issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, August 8th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Datadog had a return on equity of 9.01% and a net margin of 6.81%. The business had revenue of $645.28 million during the quarter, compared to analyst estimates of $624.92 million. During the same quarter last year, the company earned $0.36 EPS. The company’s quarterly revenue was up 26.7% compared to the same quarter last year. On average, analysts expect Datadog to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Datadog Price Performance

Shares of DDOG opened at $125.05 on Wednesday. Datadog has a one year low of $79.07 and a one year high of $138.61. The firm has a market capitalization of $42.16 billion, a P/E ratio of 277.90, a PEG ratio of 22.51 and a beta of 1.10. The business has a fifty day moving average of $118.91 and a 200 day moving average of $119.43.

Insider Buying and Selling

In related news, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $126.67, for a total value of $1,002,719.72. Following the sale, the director now directly owns 451,533 shares in the company, valued at approximately $57,195,685.11. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Datadog news, CFO David M. Obstler sold 33,333 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $130.39, for a total transaction of $4,346,289.87. Following the sale, the chief financial officer now directly owns 314,158 shares of the company’s stock, valued at $40,963,061.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $126.67, for a total value of $1,002,719.72. Following the sale, the director now directly owns 451,533 shares in the company, valued at $57,195,685.11. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 444,291 shares of company stock worth $54,154,859. Corporate insiders own 11.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DDOG shares. BTIG Research raised Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price objective for the company in a report on Thursday, August 1st. Sanford C. Bernstein cut their price target on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Scotiabank cut their price target on Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a report on Friday, August 9th. UBS Group reissued an “underperform” rating on shares of Datadog in a report on Friday, October 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $151.00 price target on shares of Datadog in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.54.

Datadog Company Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.