On August 12, Datadog rose 3.28% in regular trading, trading at $249.64/share, with turnover of $183 million. The rally extends the technical recovery following a sharp post-earnings selloff.
Datadog reported Q2 revenue of approximately $1.12 billion, up 36% year-over-year, with non-GAAP EPS of $0.65, up 41% year-over-year, both significantly beating consensus estimates. The company also raised Q3 and full-year guidance above market expectations. Despite the strong results, shares plunged over 16% on earnings day due to elevated buy-side expectations. Subsequently, multiple investment banks including UBS, Citigroup, and Rothschild & Co Redburn maintained buy ratings, with an average target price of approximately $283.84, well above the current trading level, providing sustained valuation support for the recovery.
Separately, co-founder Alexis T Lequoc filed a Form 144 to sell 53,912 shares worth approximately $12.6 million, which briefly pressured sentiment on August 11 but has not derailed the broader recovery trend.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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