Stock in the Spotlight: Datadog, Inc. (NASDAQ: DDOG)

On 16 Jan 2020, Datadog, Inc. (NASDAQ: DDOG) stock observed trading -7.89% off 52-week high price. On the other end, the stock has been noted 47.40% away from low price over the last 52-weeks. The stock disclosed a move of 7.03% away from 50 day moving average and 11.92% away from 200 day moving average. Moving closer, we can see that shares have been trading 5.38% off 20-day moving average.

Datadog, Inc. (DDOG) recently reported financial results for its third quarter ended September 30, 2019.

Third Quarter 2019 Financial Highlights:

Revenue was $95.9M, a raise of 88% year-over-year.

GAAP operating loss was $(4.2M); GAAP operating margin was (4.4%).

Non-GAAP operating income was $0.6M; non-GAAP operating margin was 0.7%.

GAAP net loss per basic and diluted share was $(0.04); non-GAAP net income per diluted share was $0.00.

Operating cash flow was $3.8M, with free cash flow of $(3.7M).

Cash, cash equivalents, and restricted cash were $771M as of September 30, 2019.

Third Quarter & Recent Business Highlights:

As of September 30, we had 727 consumers with ARR of $100,000 or more, a raise of 93% from 377 as of September 30, 2018.

In July, we hosted our yearly user conference, Dash, which was attended by over 1,200 people in New York City. We introduced over fifteen new products and functionalities, including the addition of Network Performance Monitoring, Real User Monitoring, Serverless Functions, Logs Rehydration, and more. These new products and features extend us further on our path to providing full-stack visibility to our consumers, all in a tightly integrated platform.

In September, we completed our initial public offering of 27.6M shares at $27 per share, for total net proceeds of $709M. Our Class A ordinary stock is now traded on the Nasdaq Global Select Market under the symbol “DDOG”. We thank our consumers, employees, as well as our new and existing investors, for helping to achieve this exciting company milestone.

In October, we reported we are presently “In Process” on the Federal Risk and Authorization Management Program (FedRAMP) Marketplace, initiating the FedRAMP certification process. Achieving FedRAMP authorization will expand our addressable market, by allowing U.S. federal government departments and agencies to adopt and use Datadog’s cloud platform.

Datadog has been recognized by Forrester Research as a Leader in its report, The Forrester Wave™: Intelligent Application and Service Monitoring, Q2 2019. For this report, Forrester evaluated 13 Intelligent Application and Service Monitoring (IASM) vendors across three main categories: current offering, strategy, and market presence. Datadog scored highest among all vendors in the strategy category.

The average volatility for the week and month was at 5.26% and 4.81% respectively. There are 296.2M shares outstanding and 25.8M shares are floated in market. The USA based company Datadog, Inc. moved with change of 0.94% to $40.61 with the total traded volume of 2021217 shares in recent session versus to an average volume of 2329.67K.

 

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