Market Optimistic About Datadog as Short Percent of Float Rises 9.65% and 10.22 Million Users Reported
July 1, 2023
☀️Trending News
The market is feeling optimistic about Datadog ($NASDAQ:DDOG) as its short percent of float has increased by 9.65%, according to Benzinga’s report. Moreover, the company has also revealed that it now has 10.22 million total shares short, indicating that the market is looking favorably on Datadog’s stock. Datadog is a cloud-based monitoring and analytics platform that enables organizations to track, analyze, and optimize their IT and business performance. Datadog provides deep insights into the performance of applications, websites, mobile apps, and networks.
It also offers machine learning features to detect anomalies and alert admins of potential issues before they can cause major disruptions. With its broad range of features, Datadog is becoming the go-to platform for enterprises around the world.
Analysis
GoodWhale conducted a financial analysis of DATADOG and found that the company is strong in terms of asset growth, profitability, and weak in dividend. According to the Star Chart, we rated DATADOG with a high health score of 9/10 when considering its cashflows and debt, meaning that it is capable to safely ride out any crisis without the risk of bankruptcy. Further, we classified DATADOG as a ‘gorilla’ company, which refers to those companies that have achieved stable and high revenue or earning growth due to their strong competitive advantage. We believe that investors who are looking for steady and reliable returns may be interested in such a company. DATADOG’s strong performance can make it an attractive option for those seeking long-term investments. Datadog_as_Short_Percent_of_Float_Rises_9.65_and_10.22_Million_Users_Reported”>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
Investors have been bullish on Datadog in recent months, evidenced by an increase of nearly 10% in the company’s short percent of float since its last report. Analysts have generally been positive about Datadog’s prospects, given its strong growth in customer base and revenue. The company also continues to invest in new product offerings and build partnerships with other tech providers. Overall, the market appears to be optimistic about Datadog’s future as an innovative leader in the cloud-based data analytics space.
Related Posts
Recent Posts
