Datadog (NASDAQ:DDOG) Updates Q1 2020 After-Hours Earnings Guidance

Datadog (NASDAQ:DDOG) updated its first quarter 2020
After-Hours earnings guidance on Thursday. The company provided earnings per share guidance of -0.02–0.01 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.03. The company issued revenue guidance of $117-119 million, compared to the consensus revenue estimate of $108.87 million.Datadog also updated its FY 2020
After-Hours guidance to -0.07–0.03 EPS.

Several brokerages recently issued reports on DDOG. Oppenheimer started coverage on Datadog in a research report on Thursday, November 21st. They set a market perform rating for the company. Credit Suisse Group started coverage on Datadog in a report on Wednesday, November 6th. They issued a neutral rating and a $40.00 price target for the company. They noted that the move was a valuation call. Rosenblatt Securities boosted their price target on Datadog from $50.00 to $61.00 and gave the company a buy rating in a report on Friday. Stifel Nicolaus boosted their price target on Datadog from $40.00 to $43.00 and gave the company a buy rating in a report on Wednesday, November 13th. Finally, Zacks Investment Research upgraded Datadog from a sell rating to a hold rating in a report on Tuesday, January 14th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Datadog presently has a consensus rating of Hold and a consensus target price of $45.50.

DDOG traded down $1.47 during trading on Friday, hitting $47.03. The company’s stock had a trading volume of 8,369,458 shares. The business has a 50 day simple moving average of $42.01. Datadog has a twelve month low of $27.55 and a twelve month high of $50.12.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.05. The business had revenue of $113.64 million during the quarter, compared to analyst estimates of $102.22 million. As a group, research analysts anticipate that Datadog will post -0.19 earnings per share for the current year.

In other news, Director Michael James Callahan sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $48.93, for a total transaction of $244,650.00. Following the completion of the sale, the director now directly owns 67,179 shares in the company, valued at approximately $3,287,068.47. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alexis Le-Quoc sold 192,100 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $40.99, for a total value of $7,874,179.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 454,600 shares of company stock valued at $18,786,304.

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. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.

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