Datadog (NASDAQ:DDOG) Releases Quarterly Earnings Results
Datadog (NASDAQ:DDOG) released its quarterly earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.05, Bloomberg Earnings reports. The firm had revenue of $113.64 million during the quarter, compared to analyst estimates of $102.22 million.
DDOG traded down $0.10 during trading on Friday, hitting $48.40. 6,967,417 shares of the stock traded hands, compared to its average volume of 2,270,672. Datadog has a twelve month low of $27.55 and a twelve month high of $50.12. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.94 and a quick ratio of 4.94. The business’s 50 day moving average is $41.78.
In other Datadog news, Director Michael James Callahan sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $40.44, for a total transaction of $2,426,400.00. Following the completion of the transaction, the director now directly owns 151,407 shares in the company, valued at $6,122,899.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 62,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $40.99, for a total transaction of $2,561,875.00. Following the transaction, the chief executive officer now owns 109,600 shares of the company’s stock, valued at $4,492,504. 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, 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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