datadog, inc. Provides a monitoring and analytics platform for cloud developers, IT operations teams, and business users in North America and internationally. The company’s SAAS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time insight into its customers’ technology stack. Its platform also provides user experience monitoring, network performance monitoring, cloud security, developer-centric observability and incident management, as well as a variety of shared features such as dashboards, analytics, collaboration tools, and more. alert capabilities. The company was incorporated in 2010 and is headquartered in New York, New York.
datadog shares down 3.1%
ddog opened at $110.02 on Thursday. the company’s 50-day simple moving average is $100.53 and its 200-day simple moving average is $120.77. the company has a market capitalization of 34.82 billion dollars, a per ratio of 11,013.01 and a beta of 1.15. datadog has a 1-year minimum of $81.12 and a 1-year maximum of $199.68. The firm has a current ratio of 3.31, a quick ratio of 3.31, and a debt-to-equity ratio of 0.61.
Reading: Is datadog a buy
datadog (nasdaq:ddog – get rated) last published its quarterly earnings results on Thursday, August 4th. The company reported earnings per share (eps) of $0.24 for the quarter, beating the consensus estimate of $0.14 by $0.10. the business had revenue of $406.14 million during the quarter, compared to analyst estimates of $381.28 million. datadog had a return on equity of 2.24% and a net margin of 0.48%. datadog revenue for the quarter increased 73.9% year over year. During the same quarter of the prior year, the company posted ($0.02) earnings per share. As a group, equity analysts forecast datadog to post -0.14 eps for the current year.
wall street analyst intervenes
Several research companies recently commented on ddog. rosenblatt securities lowered its price target on datadog from $180.00 to $146.00 and set a “buy” rating on the stock in a research note on friday july 29. keycorp lowered datadog’s share price target from $132.00 to $127.00 and set an “overweight” rating on the stock in a research note dated Friday, August 5. Jefferies Financial Group lowered Datadog’s share price target from $170.00 to $125.00 in a report on Monday, May 23. truist financial lowered its price target on datadog from $200.00 to $170.00 in a research report on Friday May 6th. finally, the royal bank of canada raised its price target on datadog shares from $115.00 to $125.00 in a report on friday 5 aug. six investment analysts rated the stock a hold rating and fifteen assigned a buy rating to the company. according to marketbeat.com, the company currently has a “moderate buy” consensus rating and an average price target of $152.30.
in other news, chief financial officer david m. Obsler sold 307 shares of the company’s capital stock in a transaction dated Monday, August 8. the share was sold at an average price of $115.25, for a total value of $35,381.75. Following the transaction, the CFO now directly owns 209,810 shares in the company, valued at $24,180,602.50. the sale was disclosed in a document filed with Securities & exchange commission, which is available through this hyperlink. In related news, insider mother Armelle de sold 1,875 shares of the capital stock in a transaction that occurred on Wednesday, May 25. the shares were sold at an average price of $90.00, for a total transaction of $168,750.00. Following the completion of the transaction, the insider now directly owns 70,237 shares of the company, valued at $6,321,330. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO David M. Obsler sold 307 shares of datadog in a transaction that occurred on Monday, August 8. the share was sold at an average price of $115.25, for a total value of $35,381.75. Following the completion of the sale, the CFO now directly owns 209,810 shares of the company, valued at approximately $24,180,602.50. Disclosure of this sale can be found here. Insiders have sold 140,426 shares of the company worth $14,791,205 in the last three months. the members of the company own 15.80% of the shares of the company.