Streetbeat News

DDOG

Datadog, Inc.

https://www.datadoghq.com

Industry

Software - Application

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 its customers technology stack. Its platform also provides user experience monitoring, network performance monitoring, cloud security, developer-focused observability, and incident management, as well as a range of shared features, such as dashboards, analytics, collaboration tools, and alerting capabilities. The company was incorporated in 2010 and is headquartered in New York, New York.

Open

129.16

Mkt cap

43B

Volume

5.7M

High

129.51

P/E Ratio

229.25

52-wk high

138.61

Low

124.88

Div yield

N/A

52-wk low

98.80

Truist Securities analyst Ki Bin Kim has reaffirmed a Buy rating on Datadog (NASDAQ:DDOG) and increased the price target from $120 to $140, signaling confidence in the company's growth prospects.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 7:02 pm

Datadog (NASDAQ:DDOG) has received mixed analyst ratings over the past three months, with 12 analysts offering diverse perspectives. The average 12-month price target for DDOG is now $117.5, up from $102.89, with a high estimate of $140 and a low of $84. Recent actions by analysts include both raised and lowered price targets and ratings, reflecting adjustments to market conditions and company performance. Datadog's financials show a revenue growth rate of 25.43% as of September 30, 2023, but it has below-average net margin, ROE, and ROA, indicating potential profitability and efficiency challenges. The company's debt-to-equity ratio is below the industry average, suggesting a healthier balance between debt and equity.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 2:00 pm

BMO Capital analyst Keith Bachman has initiated coverage on Datadog (NASDAQ:DDOG) with an Outperform rating and set a price target of $140 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:32 pm

Software company stocks are trading higher due to a decrease in Treasury yields and positive announcements at CES 2024. This trend is affecting a broad range of companies within the sector.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:09 pm

The Nasdaq 100 index has recorded its fifth consecutive negative session, the worst downturn for U.S. tech stocks in nearly 14 months since December 28, 2023. The index has lost 4.1% over this period. The decline is led by the 'Magnificent Seven' tech giants, which have lost an average of 4% in the last five sessions, contributing to a market value loss of $456 billion. The Invesco QQQ Trust's top 10 laggards of the last week include MongoDB, ON Semiconductor, NXP Semiconductors, GLOBALFOUNDRIES, Walgreens Boots Alliance, Advanced Micro Devices, Applied Materials, Datadog, Microchip Technology, and Atlassian Corporation.

Portfolio Pulse from Piero Cingari

January 04, 2024 | 10:06 pm

Software stocks are trading lower due to an increase in Treasury yields, which can affect the cost of borrowing and discount rates used in company valuations.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 4:38 pm

The Nasdaq 100 Index is set to record its best year since 1999, with a 55% increase in performance, driven by AI advancements and a dovish pivot by the Federal Reserve. The tech-heavy Invesco QQQ Trust and SPDR S&P 500 ETF Trust saw significant inflows. Semiconductor companies like NVIDIA and Advanced Micro Devices are among the top performers. The Fed's softer stance on interest rates has made tech stocks more attractive, while the Invesco Equal Weight 0-30 Year Treasury ETF also experienced a notable rally.

Portfolio Pulse from Piero Cingari

December 28, 2023 | 2:44 pm

Deepwater Asset Management, co-founded by Gene Munster, has released its tech predictions for 2024 after achieving an 87.5% success rate with its 2023 predictions. The firm anticipates the iShares Russell 2000 Growth ETF (IWO) to outperform the SPDR S&P 500 ETF Trust (SPY), and expects tech companies like CrowdStrike (CRWD), Palo Alto Networks (PANW), and Datadog (DDOG) to be in acquisition mode. Apple (AAPL) is predicted to enhance Siri with AI and sell 400,000-500,000 units of Vision Pro, but not release new devices in the Vision line. Tesla (TSLA) is expected to maintain its U.S. EV market share in 2024. Deepwater also predicts Apple may acquire Peloton (PTON), and Take-Two Interactive (TTWO) could be the top U.S. gaming stock due to GTA VI anticipation. AI is expected to disrupt the 2024 presidential election with deepfakes. The Technology Select Sector SPDR Fund (XLK) saw a slight increase.

Portfolio Pulse from Shanthi Rexaline

December 27, 2023 | 3:59 pm

Datadog (NYSE:DDOG) has seen a 17.38% increase in short interest since the last report, with 10.71 million shares sold short, representing 3.85% of available shares. It would take about 3.43 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Datadog's short interest is higher than its peer group average of 3.23%.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 7:15 pm

Insiders at Louisiana-Pacific, Datadog, Waste Management, and Heidrick & Struggles International have recently sold shares. Louisiana-Pacific's SVP sold shares after Q3 sales beat consensus. Datadog's General Counsel sold shares following strong Q3 results and guidance. Waste Management's CEO sold shares after a dividend increase announcement. Heidrick & Struggles' CFO sold shares post better-than-expected Q3 results. Insider sales can indicate various sentiments and should not be the sole basis for investment decisions.

Portfolio Pulse from Avi Kapoor

December 15, 2023 | 12:54 pm

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