Datadog (NASDAQ:DDOG) Expected to Post FY2019 Earnings of ($0.13) Per Share

Datadog (NASDAQ:DDOG) – Equities researchers at William Blair raised their FY2019 earnings per share (EPS) estimates for Datadog in a report released on Wednesday, November 13th. William Blair analyst B. Suri now forecasts that the company will post earnings of ($0.13) per share for the year, up from their prior forecast of ($0.28). William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for Datadog’s Q4 2019 earnings at ($0.02) EPS, Q1 2020 earnings at ($0.03) EPS, Q2 2020 earnings at ($0.03) EPS, Q3 2020 earnings at $0.00 EPS, Q4 2020 earnings at ($0.01) EPS, FY2020 earnings at ($0.07) EPS and FY2021 earnings at ($0.01) EPS.

DDOG has been the subject of several other reports. Raymond James initiated coverage on shares of Datadog in a research note on Monday, October 14th. They set a “market perform” rating for the company. Barclays raised their target price on shares of Datadog from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Goldman Sachs Group initiated coverage on shares of Datadog in a research note on Monday, October 14th. They set a “neutral” rating and a $33.00 target price for the company. Stifel Nicolaus raised their target price on shares of Datadog from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Credit Suisse Group lifted their price objective on shares of Datadog from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $41.67.

DDOG opened at $40.63 on Monday. The company’s fifty day moving average is $33.80. Datadog has a fifty-two week low of $27.55 and a fifty-two week high of $42.96.

In other Datadog news, CFO David M. Obstler acquired 15,000 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was acquired at an average cost of $27.00 per share, with a total value of $405,000.00. Also, major shareholder Iconiq Strategic Partners Ii, acquired 525,000 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was acquired at an average cost of $27.00 per share, with a total value of $14,175,000.00. Insiders acquired a total of 571,280 shares of company stock valued at $15,271,460 over the last three months.

Several large investors have recently modified their holdings of DDOG. FNY Investment Advisers LLC purchased a new position in shares of Datadog during the 3rd quarter worth about $161,000. Price Wealth LLC purchased a new position in shares of Datadog during the 3rd quarter worth about $178,000. SG Americas Securities LLC purchased a new position in shares of Datadog during the 3rd quarter worth about $196,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Datadog during the 3rd quarter worth about $383,000. Finally, Dean Capital Investments Management LLC purchased a new position in shares of Datadog during the 3rd quarter worth about $542,000. 14.24% of the stock is owned by institutional investors and hedge funds.

About Datadog

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.

Featured Article: How Buying a Call Option Works

Earnings History and Estimates for Datadog (NASDAQ:DDOG)

Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.com's FREE daily email newsletter.