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Datadog (DDOG) Stock Price, News & Analysis

$107.20
-2.89 (-2.63%)
(As of 09/6/2024 ET)
Today's Range
$105.44
$110.97
50-Day Range
$104.97
$134.56
52-Week Range
$77.81
$138.61
Volume
3.31 million shs
Average Volume
3.95 million shs
Market Capitalization
$35.86 billion
P/E Ratio
335.00
Dividend Yield
N/A
Price Target
$139.88

Datadog MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.90 Rating Score
Upside/​Downside
30.5% Upside
$139.88 Price Target
Short Interest
Healthy
2.54% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.81
Upright™ Environmental Score
News Sentiment
1.06mentions of Datadog in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$84.47 M Sold Last Quarter
Proj. Earnings Growth
19.51%
From $0.41 to $0.49 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.81 out of 5 stars

Computer And Technology Sector

45th out of 594 stocks

Prepackaged Software Industry

10th out of 202 stocks

DDOG stock logo

About Datadog Stock (NASDAQ:DDOG)

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 Stock Price History

DDOG Stock News Headlines

homepage of the Datadog website is displayed on the computer screen
Datadog Exceeds Q2 Expectations, Solidifies Market Leadership
Datadog's impressive Q2 earnings demonstrate strong growth and innovation in the cloud observability market.
The $15 "Insider Secret" That Could Save Your Retirement
What if I told you there's a $15 stock that a billionaire insider just poured $47 MILLION into? That's right. You can grab shares of this potential retirement-maker for less than you'd pay for lunch.
Datadog Inc - Class A
Datadog Inc (DDOG) Citi's 2024 Global TMT Conference (Transcript)
The $15 "Insider Secret" That Could Save Your Retirement
What if I told you there's a $15 stock that a billionaire insider just poured $47 MILLION into? That's right. You can grab shares of this potential retirement-maker for less than you'd pay for lunch.
DDOG Aug 2024 103.000 call
DDOG Aug 2024 112.000 call
DDOG Aug 2024 170.000 call (DDOG240830C00170000)
DDOG Aug 2024 98.000 put (DDOG240830P00098000)
Is Datadog (DDOG) an AI Winner?
See More Headlines
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Company Calendar

Last Earnings
8/08/2024
Today
9/07/2024
Next Earnings (Estimated)
11/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Computer Software
Current Symbol
NASDAQ:DDOG
Fax
N/A
Employees
5,200
Year Founded
2010

Price Target and Rating

Average Stock Price Target
$139.88
High Stock Price Target
$160.00
Low Stock Price Target
$98.00
Potential Upside/Downside
+30.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
30 Analysts

Profitability

Net Income
$48.57 million
Pretax Margin
7.33%

Debt

Sales & Book Value

Annual Sales
$2.39 billion
Cash Flow
$0.36 per share
Book Value
$7.14 per share

Miscellaneous

Free Float
295,095,000
Market Cap
$35.86 billion
Optionable
Optionable
Beta
1.11

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DDOG Stock Analysis - Frequently Asked Questions

How have DDOG shares performed this year?

Datadog's stock was trading at $121.38 at the start of the year. Since then, DDOG stock has decreased by 11.7% and is now trading at $107.20.
View the best growth stocks for 2024 here
.

How were Datadog's earnings last quarter?

Datadog, Inc. (NASDAQ:DDOG) issued its quarterly earnings results on Thursday, August, 8th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. The company's quarterly revenue was up 26.7% compared to the same quarter last year.

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.

Does Datadog have any subsidiaries?

Datadog subsidiaries include Undefined Labs, Madumbo, logmatic.io, Mortar Data, 1533 Systems LLC, Datadog France SAS, Datadog Germany GmbH, and others.

When did Datadog IPO?

Datadog (DDOG) raised $492 million in an IPO on Thursday, September 19th 2019. The company issued 24,000,000 shares at $19.00-$22.00 per share. Morgan Stanley, Goldman Sachs, J.P. Morgan and Credit Suisse served as the underwriters for the IPO and Barclays, Jefferies, RBC Capital Markets, JMP Securities, Raymond James, Stifel, William Blair and Needham were co-managers.

Who are Datadog's major shareholders?

Top institutional investors of Datadog include Baillie Gifford & Co. (2.84%), Massachusetts Financial Services Co. MA (1.18%), Susquehanna International Group LLP and 1832 Asset Management L.P. (0.74%). Insiders that own company stock include Shardul Shah, Olivier Pomel, Alexis Le-Quoc, David M Obstler, Amit Agarwal, Adam Blitzer, Sean Michael Walters, Dev Ittycheria, Madre Armelle De, Kerry Acocella, Matthew Jacobson, Titilope Cole, Julie Richardson, Michael James Callahan and Laszlo Kopits.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Datadog own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Datadog investors own include NVIDIA (NVDA), DocuSign (DOCU), Block (SQ), Trade Desk (TTD), Shopify (SHOP), Fastly (FSLY) and CrowdStrike (CRWD).

This page (NASDAQ:DDOG) was last updated on 9/7/2024 by MarketBeat.com Staff

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