Q2 2024 EPS Estimates for Datadog, Inc. (NASDAQ:DDOG) Increased by Analyst

Datadog, Inc. (NASDAQ:DDOG) – Stock analysts at Zacks Research raised their Q2 2024 earnings estimates for shares of Datadog in a research report issued to clients and investors on Thursday, August 1st. Zacks Research analyst R. Department now forecasts that the company will post earnings of $0.10 per share for the quarter, up from their prior estimate of $0.09. The consensus estimate for Datadog’s current full-year earnings is $0.32 per share. Zacks Research also issued estimates for Datadog’s Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $0.69 EPS and FY2026 earnings at $1.20 EPS.

A number of other equities analysts also recently issued reports on DDOG. Evercore ISI initiated coverage on shares of Datadog in a report on Monday, July 15th. They issued an “outperform” rating and a $150.00 price objective on the stock. BTIG Research upgraded Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price objective for the company in a research note on Thursday, August 1st. Needham & Company LLC reiterated a “buy” rating and set a $165.00 target price on shares of Datadog in a research report on Thursday, June 27th. Rosenblatt Securities reissued a “buy” rating and set a $146.00 price target on shares of Datadog in a report on Monday, May 6th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Datadog in a research note on Friday, July 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.37.

Datadog Trading Up 0.5 %

Shares of NASDAQ:DDOG opened at $105.47 on Monday. The stock’s 50-day simple moving average is $120.01 and its two-hundred day simple moving average is $123.51. The stock has a market capitalization of $35.28 billion, a price-to-earnings ratio of 329.59, a PEG ratio of 37.24 and a beta of 1.11. Datadog has a 52-week low of $77.81 and a 52-week high of $138.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.43 and a current ratio of 3.43.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.20. The company had revenue of $611.25 million during the quarter, compared to analysts’ expectations of $589.97 million. Datadog had a return on equity of 7.48% and a net margin of 5.11%.

Insider Activity at Datadog

In other Datadog news, Director Titilope Cole sold 2,210 shares of Datadog stock in a transaction on Monday, June 10th. The shares were sold at an average price of $112.34, for a total transaction of $248,271.40. Following the completion of the transaction, the director now directly owns 6,451 shares of the company’s stock, valued at $724,705.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Olivier Pomel sold 98,690 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $109.16, for a total transaction of $10,773,000.40. Following the completion of the sale, the chief executive officer now directly owns 324,539 shares of the company’s stock, valued at approximately $35,426,677.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Titilope Cole sold 2,210 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $112.34, for a total value of $248,271.40. Following the completion of the transaction, the director now directly owns 6,451 shares in the company, valued at approximately $724,705.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 771,669 shares of company stock worth $93,026,032. Company insiders own 11.78% of the company’s stock.

Institutional Trading of Datadog

A number of large investors have recently made changes to their positions in the stock. SouthState Corp bought a new stake in Datadog during the 2nd quarter valued at about $26,000. Riverview Trust Co purchased a new stake in shares of Datadog in the first quarter valued at approximately $26,000. Raleigh Capital Management Inc. purchased a new stake in shares of Datadog in the fourth quarter valued at approximately $29,000. Private Trust Co. NA grew its stake in Datadog by 743.3% in the fourth quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares in the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in Datadog during the 4th quarter worth $33,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

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.