Datadog Stock Fair Value – PNC Financial Services Group Increases Holdings in Datadog by 54.5%, Signaling Positive Outlook for Cloud-Based Analytics Platform
June 19, 2023
☀️Trending News
PNC Financial Services Group Inc. recently announced that it had increased its holdings in Datadog ($NASDAQ:DDOG), a cloud-based analytics platform, by 54.5%. This move is seen as a vote of confidence in the potential of the platform, and signals a positive outlook from the firm. Datadog is a SaaS-based observability platform that provides easy access to system metrics, logs, and application traces. It provides customers with a single platform to monitor and troubleshoot their entire stack, from infrastructure and applications to services in the cloud and on-premise. Datadog also offers insights into customer experience and operational performance, enabling organizations to make data-driven decisions.
As a result, it has become a leading provider of cloud-based analytics platforms in the market. Analysts believe that Datadog’s cloud-based analytics platform will continue to be a game-changer for businesses looking to leverage data to improve their performance. With this move, PNC Financial Services Group Inc. has shown its confidence in the platform, and is likely to remain a long-term supporter of Datadog.
Analysis – Datadog Stock Fair Value
At GoodWhale, we’ve been carefully examining the wellbeing of DATADOG’s stock. After extensive analysis, our proprietary Valuation Line determined that the intrinsic value of each DATADOG share is approximately $190.4. However, due to market sentiment and fluctuations, DATADOG stock is currently being traded at $100.4—which means that it is undervalued by 47.3%. This is an incredible opportunity for investors, as there is potential for a substantial return on their investments. Datadog_by_54.5_Signaling_Positive_Outlook_for_Cloud-Based_Analytics_Platform”>More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Datadog. More…
| Total Revenues | Net Income | Net Margin |
| 1.79k | -83.98 | -4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Datadog. More…
| Operations | Investing | Financing |
| 404.81 | -490.56 | 33.88 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Datadog. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.14k | 1.63k | 4.7 |
Key Ratios Snapshot
Some of the financial key ratios for Datadog are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 61.7% | – | -3.1% |
| FCF Margin | ROE | ROA |
| 19.0% | -2.4% | -1.1% |
Peers
Datadog Inc is a cloud-based monitoring and analytics platform for IT, Operations and Development teams who write and run applications at scale, and is used by organizations of all sizes. Founded in 2010, Datadog is headquartered in New York City with offices in France, Germany, and the United Kingdom.
Datadog’s primary competitors are Dynatrace Inc, Elastic NV, and New Relic Inc. These companies are also cloud-based monitoring and analytics platforms that provide similar services to Datadog.
– Dynatrace Inc ($NYSE:DT)
Dynatrace Inc is a publicly traded American software intelligence company based in Waltham, Massachusetts with a market cap of $9.67B as of 2022. The company offers various application performance management (APM) products. Its products are used by companies to monitor the performance of software applications and services.
Dynatrace’s ROE of 3.59% is lower than the average of its competitors, which is around 7%. This indicates that the company is not generating as much profit from its equity as its competitors. One reason for this could be that Dynatrace is reinvesting its profits back into the business in order to grow. Another reason could be that the company has higher operating expenses than its competitors.
– Elastic NV ($NYSE:ESTC)
Elastic N.V. is a Netherlands-based company engaged in the provision of software solutions. The Company’s products include Elastic Stack, X-Pack, and Elastic Cloud. The Elastic Stack is a set of software products that combine data from any source with any format and search, analyze, and visualize it in real time. X-Pack is a set of software products that provides security, alerting, monitoring, reporting, machine learning, and graph capabilities for Elastic Stack. Elastic Cloud is a cloud service that offers hosted versions of the Elastic Stack.
– New Relic Inc ($NYSE:NEWR)
New Relic Inc is a publicly traded American software analytics company based in San Francisco, California. The company’s market cap as of 2022 was 3.84 billion dollars, and its ROE was -41.23%. New Relic was founded in 2008, and it provides software analytics products that help developers monitor the performance of their applications.
Summary
PNC Financial Services Group Inc. recently made headlines with their sizeable investment in Datadog, Inc., a cloud-based analytics platform. This 54.5% increase in holdings gives insight into the potential of this technology and its ability to provide valuable data to its users. The platform is designed to give users insights and analysis into the performance of their investments, as well as providing trend data and predictive analytics.
By giving users data-driven tools, Datadog has the potential to revolutionize the way investors make decisions and monitor their investments. With PNC’s renewed confidence in the company, investors are likely to follow suit and take advantage of this new technology.
