Datadog (DDOG) to Release Quarterly Earnings on Thursday

Datadog (NASDAQ:DDOG) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $713.85 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Datadog Trading Down 1.1 %

Shares of NASDAQ DDOG opened at $145.42 on Wednesday. Datadog has a one year low of $98.80 and a one year high of $170.08. The business has a 50-day moving average price of $146.95 and a two-hundred day moving average price of $130.58. The firm has a market capitalization of $49.40 billion, a PE ratio of 274.38, a PEG ratio of 16.83 and a beta of 1.15.

Analysts Set New Price Targets

Several research firms recently commented on DDOG. DA Davidson raised their price target on shares of Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Sanford C. Bernstein dropped their price target on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. UBS Group reissued an “underperform” rating on shares of Datadog in a research report on Friday, October 18th. Finally, Monness Crespi & Hardt raised Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Datadog currently has an average rating of “Moderate Buy” and an average price target of $158.10.

Insider Transactions at Datadog

In other news, President Amit Agarwal sold 150,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the completion of the transaction, the president now owns 214,275 shares of the company’s stock, valued at approximately $27,005,078.25. This represents a 41.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $142.78, for a total transaction of $18,148,051.90. Following the completion of the sale, the chief technology officer now owns 324,778 shares of the company’s stock, valued at approximately $46,371,802.84. The trade was a 28.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 777,586 shares of company stock worth $111,444,979 over the last three months. 11.78% of the stock is currently owned by insiders.

About Datadog

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.