Datadog (NASDAQ:DDOG) updated its fourth quarter 2021 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.110-$0.120 for the period, compared to the Thomson Reuters consensus estimate of $0.060. The company issued revenue guidance of $290 million-$292 million, compared to the consensus revenue estimate of $263.33 million.Datadog also updated its FY 2021 guidance to $0.390-$0.400 EPS.
Several research firms have recently commented on DDOG. Loop Capital boosted their price target on shares of Datadog from $160.00 to $230.00 and gave the company a buy rating in a report on Friday, November 5th. Citigroup boosted their price target on shares of Datadog from $188.00 to $225.00 and gave the company a buy rating in a report on Friday, November 5th. Morgan Stanley lifted their price objective on shares of Datadog from $164.00 to $200.00 and gave the company an overweight rating in a research note on Sunday, November 7th. JMP Securities reaffirmed a hold rating on shares of Datadog in a research note on Friday, August 20th. Finally, Zacks Investment Research raised shares of Datadog from a sell rating to a hold rating and set a $139.00 price objective for the company in a research note on Monday, August 9th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $171.55.
Datadog stock traded up $0.92 on Thursday, reaching $180.34. 2,899,895 shares of the stock were exchanged, compared to its average volume of 3,078,521. The stock has a market cap of $56.27 billion, a PE ratio of -1,288.05 and a beta of 1.05. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 0.77. Datadog has a twelve month low of $69.73 and a twelve month high of $199.68. The firm has a fifty day moving average price of $161.79 and a two-hundred day moving average price of $128.44.
In other news, CEO Olivier Pomel sold 1,846 shares of the company’s stock in a transaction dated Thursday, September 2nd. The shares were sold at an average price of $136.34, for a total transaction of $251,683.64. Following the completion of the transaction, the chief executive officer now owns 244,043 shares of the company’s stock, valued at $33,272,822.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shardul Shah sold 13,506 shares of the company’s stock in a transaction dated Tuesday, November 23rd. The shares were sold at an average price of $178.00, for a total transaction of $2,404,068.00. The disclosure for this sale can be found here. Insiders have sold 2,848,402 shares of company stock valued at $464,208,257 in the last ninety days. 20.23% of the stock is owned by company insiders.
Datadog Company Profile
Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud 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 observability of customers technology stack.
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