Datadog (NASDAQ:DDOG) Announces Earnings Results

Datadog (NASDAQ:DDOG) issued its earnings results on Thursday. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05, Bloomberg Earnings reports. The firm had revenue of $113.64 million during the quarter, compared to analysts’ expectations of $102.22 million.

DDOG traded down $0.10 during mid-day trading on Friday, reaching $48.40. The stock had a trading volume of 6,967,417 shares, compared to its average volume of 2,270,672. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.94 and a current ratio of 4.94. The stock has a fifty day moving average price of $41.78. Datadog has a 52 week low of $27.55 and a 52 week high of $50.12.

In other Datadog news, CEO Olivier Pomel sold 62,500 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $40.99, for a total value of $2,561,875.00. Following the transaction, the chief executive officer now directly owns 109,600 shares in the company, valued at approximately $4,492,504. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael James Callahan sold 5,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $48.93, for a total value of $244,650.00. Following the completion of the transaction, the director now owns 67,179 shares in the company, valued at $3,287,068.47. The disclosure for this sale can be found here. Insiders sold a total of 454,600 shares of company stock worth $18,786,304 over the last quarter.

A number of brokerages have commented on DDOG. Morgan Stanley boosted their target price on Datadog from $48.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday. Jefferies Financial Group increased their price target on Datadog from $36.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday. They noted that the move was a valuation call. Oppenheimer began coverage on Datadog in a research report on Thursday, November 21st. They set a “market perform” rating on the stock. Credit Suisse Group began coverage on Datadog in a research report on Wednesday, November 6th. They set a “neutral” rating and a $40.00 price target on the stock. They noted that the move was a valuation call. Finally, Stifel Nicolaus increased their price target on Datadog from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $45.50.

About Datadog

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

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