Datadog (DDOG) shakes off inflation worries, posts solid YTD gains

October 13, 2021 05:58 PM PDT | By Sanjeeb Baruah
Follow us on Google News:


  • Datadog, Inc’s (NASDAQ: DDOG) trading volume more than doubled to 5,645,099 on Wednesday from the previous close. Its 90-day average volume is 2,537,110.

  • The stock changed hands generously with a turnover of 866.90 million.
  • Datadog has outperformed the Nasdaq 100 Technology Index, with a 58.36% return year-to-date and 6.15% in the last 30 days.

The Datadog, Inc. (NASDAQ: DDOG) stock jumped over 7%, while more than doubling its trading volume logged in the previous session at the market close on Wednesday.

On a day when stocks of many big companies like Apple Inc (AAPL) and JPMorgan Chase and Co. (JPM) retreated after inflation concerns, Datadog stood firm in the green zone.  

Datadog stock closed at US$155.89 with a 7.07% gain. However, there was no apparent cause for the stock’s rally. In addition, its trading volume more than doubled to 5,645,099 from its previous close. Datadog’s 90-day average trading volume is 2,537,110.

Also Read: As Halloween shopping gets underway, here’re five stocks to consider

This New York-headquartered technology company offers a cloud-based monitoring and analytics platform for IT operations to software developers and businesses. Its SaaS platform integrates monitoring for infrastructure, application performance, security, etc. 

Datadog generates revenue from the monthly and annual customer subscriptions of its cloud-based platform.

Also Read: Top communication stocks to explore under US$120 in October

Datadog, Inc. (NASDAQ: DDOG) gave a 58.36% return year-to-date and 6.15% in the last 30 days.

Source - pixabay

Also Read: Nine inflation-protected ETFs to consider amid skyrocketing prices

Datadog’s Financials

For the three months ended June 30, 2021, its revenue was US$233.5 million compared to US$140 million in the comparable period a year ago. It generates 72% of its revenue from the North American market, and the rest comes from other countries. Its net loss for the quarter was US$9.4 million against a net income of US$0.284 million in the same period a year ago.

Also Read: Green is the new black? WWR, SLI stocks jump on Lithium hopes

The company had US$251.1 million in cash, cash equivalents and restricted cash, and US$1,162.7 million in marketable securities as of June 30, 2021.

On Oct 12, the stock closed at US$145.59, with a share volume of 2,046,969. 

Datadog launched its initial public offering (IPO) in September 2019. It has a market capitalization of US$48 billion, with a P/Book ratio of 49.41.

Also Read: US inflation exceeds forecast; food, rent, cars get more expensive


The Nasdaq Composite Index gained 13.06% YTD but declined 0.50% in the last 30 days. Likewise, the Nasdaq 100 Technology index rose 15.13% YTD but fell 5.40% in one month. 

In contrast, Datadog gave a 58.36% return year-to-date and 6.15% in the last 30 days. Investors, however, exercise due diligence before investing in the stock market. 


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.

Top Listed Companies