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Datadog (DDOG) Stock Price, News & Analysis

Datadog logo
$124.45 -5.34 (-4.11%)
(As of 11/8/2024 ET)

About Datadog Stock (NASDAQ:DDOG)

Key Stats

Today's Range
$122.98
$129.50
50-Day Range
$107.20
$130.09
52-Week Range
$98.80
$138.61
Volume
5.90 million shs
Average Volume
3.13 million shs
Market Capitalization
$41.96 billion
P/E Ratio
276.56
Dividend Yield
N/A
Price Target
$150.96
Consensus Rating
Moderate Buy

Company Overview

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.

Datadog Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
93rd Percentile Overall Score

DDOG MarketRank™: 

Datadog scored higher than 93% of companies evaluated by MarketBeat, and ranked 87th out of 656 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Datadog has received a consensus rating of Moderate Buy. The company's average rating score is 2.97, and is based on 25 buy ratings, 1 hold rating, and 1 sell rating.

  • Amount of Analyst Coverage

    Datadog has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Datadog's stock forecast and price target.
  • Earnings Growth

    Earnings for Datadog are expected to grow by 14.29% in the coming year, from $0.42 to $0.48 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Datadog is 276.56, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 115.07.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Datadog is 276.56, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 229.84.

  • Price to Earnings Growth Ratio

    Datadog has a PEG Ratio of 23.44. 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 20.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Datadog's valuation and earnings.
  • Percentage of Shares Shorted

    2.69% 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 2.9, 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 12.27%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Datadog does not currently pay a dividend.

  • Dividend Growth

    Datadog does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.69% 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 2.9, 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 12.27%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Datadog has a news sentiment score of 0.79. 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 higher news sentiment than the 0.43 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 53 news articles for Datadog this week, compared to 15 articles on an average week.
  • Search Interest

    58 people have searched for DDOG on MarketBeat in the last 30 days. This is an increase of 81% compared to the previous 30 days.
  • MarketBeat Follows

    Only 17 people have added Datadog to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • 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 $54,154,859.00 in company stock.

  • Percentage Held by Insiders

    11.78% 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

    78.29% of the stock of Datadog is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Datadog's insider trading history.

DDOG Stock News Headlines

August 2, 2024, Paraguay. In this photo illustration, the Dynatrace, Inc. logo is displayed on a smartphone screen - Stock Editorial Photography
Observability Wars: Datadog and Dynatrace Vie for Data Dominance (DDOG)
Datadog and Dynatrace are two fast-growing AI and cloud observability companies; while each has strong prospects, they differ in important ways.
Crypto’s Hidden Gem: The missing piece no one’s talking about
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New Buy Rating for Datadog (DDOG), the Technology Giant
See More Headlines

DDOG Stock Analysis - Frequently Asked Questions

Datadog's stock was trading at $121.38 on January 1st, 2024. Since then, DDOG shares have increased by 2.5% and is now trading at $124.45.
View the best growth stocks for 2024 here
.

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

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

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 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.

Top institutional investors of Datadog include Baillie Gifford & Co. (2.79%), Jennison Associates LLC (1.86%), WCM Investment Management LLC (1.29%) and Allspring Global Investments Holdings LLC (0.32%). 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 and Laszlo Kopits.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Datadog investors own include NVIDIA (NVDA), CrowdStrike (CRWD), Cloudflare (NET), MongoDB (MDB), Splunk (SPLK), Endava (DAVA) and SiTime (SITM).

Company Calendar

Last Earnings
8/08/2024
Today
11/10/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/11/2025

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
$150.96
High Stock Price Target
$165.00
Low Stock Price Target
$133.00
Potential Upside/Downside
+21.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.97
Research Coverage
29 Analysts

Profitability

Net Income
$48.57 million
Pretax Margin
7.33%

Debt

Sales & Book Value

Annual Sales
$2.54 billion
Cash Flow
$0.38 per share
Book Value
$6.12 per share

Miscellaneous

Free Float
297,435,000
Market Cap
$41.96 billion
Optionable
Optionable
Beta
1.10

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This page (NASDAQ:DDOG) was last updated on 11/10/2024 by MarketBeat.com Staff
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