The pharmaceutical firm has signed a merger agreement with AytuBioScience. All rights reserved. Datadog operates a fast-growing software platform that monitors customers' cloud activity and mines it for business insights. Datadog trades at $95.34 per share, off the 52-week low of $28.88. The IPO gives the New York-based business an initial market cap of $7.83 billion—a figure that's more than 12 times the valuation it reached with its most recent funding round. The company competes with Cisco, Elastic and Splunk, along with cloud providers like Amazon. After going public on Thursday at $27 per share, the company’s stock went as high as $41 per share. DDOG stock had 128 new institutional investments in for a total of 15,277,039 shares, while 58 institutional investors sold positions of 2,312,457 shares during the same period. All Rights Reserved. Related news Best Growth Stocks To Buy And Watch: See Updates To IBD Watchlists. Shares of Datadog has been riding an incredible hot streak as the stock is up more than 138% in 2020, which compares quite favorably to the 10.2% return of the S&P 500 index. Datadog's Strong Breakout Is Not a Big Surprise to Chart Watchers ... History Will Repeat Itself If We Don't Fix the IPO Market. Datadog’s journey has been marked by Purity from its authentic founding story, to its opening setting in New York, to its single, unified data platform vision and product-led growth strategy. The New York-based company priced its shares at $27 each on Wednesday night, raising $648 million by selling 24 million shares. Datadog shares popped 49% when trading began Thursday, with an initial public offering that raised $648 million and gave the technology company a market valuation near $7.8 billion. Morgan Stanley, Goldman Sachs, J.P. Morgan chase and Credit Suisse led the IPO. Currently, Datadog’s market cap sits at around $10.4 billion. Datadog CEO Olivier Pomel on the company's IPO. Share on Facebook. Click here now. ET by Tomi Kilgore Datadog stock drops 10% despite beat on earnings, outlook It’s only been a few days since Datadog’s initial public offering, but the company has already made a splash. Underwriters were initially looking to price the Datadog deal between … Sign up for free newsletters and get more CNBC delivered to your inbox. Datadog’s stock opened at $40.35 on its first day of trading, 49.4 percent higher than its initial public offering price.. Aytu will purchase Neos for $44.9 million. It later provided a price range of $19 to $22, before raising the range this week to $24 to $26. We do not sell or share your information with anyone. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DDOG. Datadog shares soared in their debut, following a trend among cloud software companies. Datadog, IPO Market Stays Hot With 6 Names Added To IPO Leaders List. Pin it. Datadog was founded in 2010 and is based in New York. Investors are beginning to reassess and need to decide whether Datadog can find more room to run or has this dog had its day and is ready for the doghouse. Datadog had its initial public offering on September 10, 2019. Curis has also announced its public offering for the common stock.... Oil Rose While Gold Dropped On Monday As Vaccination Begun In The U.S. Walt Disney (DIS) Surged Over 13% On Friday, Announced Magical Targets For Streaming Platforms, Shares Of DoorDash, C3.ai and PubMatic Skyrocketted On IPO. Fellow fresh IPO CrowdStrike Holdings (NASDAQ:CRWD) trades for a similar amount, currently at 43 times 12-month revenue, but CrowdStrike is growing even faster than Datadog… Shares of Datadog Inc , a data analytics and cloud monitoring company, surged nearly 50% in their market debut, after pricing its initial public offering above expectations. Datadog's subscription-based offering helps developers and administrators make sure their applications and underlying infrastructure are working properly. Datadog, a cloud software company that sells analytics and monitoring tools, surged 39% in its stock market debut on Thursday, becoming the latest subscription software company to be met with enthusiasm by public market investors. Next week, Datadog, a monitoring and analytics platform for developers, IT operations teams and business users is expected to go public on the Nasdaq under the symbol DDOG. Sumo Logic’s IPO debuted Sept. 17 alongside reported revenue of $155.1 million for its last full fiscal year. However, DDOG stock has inclined by 15.51% in the 3 months of the year. In the first six months of 2019, Datadog's revenue jumped 79% to $153.4 million. Shares of cloud companies Slack, Zoom and PagerDuty have all rallied in their IPO debuts this year. The IPO gives the New York-based business an initial market cap of $7.83 billion—a figure that's more than 12 times the valuation it reached with its most recent funding round. The company first set a price range of $19 to $22 per share and later increased it to between $24 and $26 per share. Positions in Datadog Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 281 institutional holders increased their position in Datadog Inc. [NASDAQ:DDOG] by around 31,147,373 shares. Datadog Inc… Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Previously, the target price had yet another raise from $106 to $109, while Needham kept a Buy rating on DDOG stock. Given strong financial results along with prospective and fast-growing market, we estimate that DDOG market cap after an IPO will be $10.6B. Datadog (NASDAQ: DDOG) stock broke away from its leash almost as soon as it launched its IPO a little more than one year ago. Datadog has more than 8,000 customers and estimates its market opportunity to be $35 billion, according to its S-1 filing. DocuSign stock, for example, is new to the Big Cap 20. Posted On : December 14, 2020 Published By : INVESTORS BUSINESS DAILY. Datadog employs 1,403 workers across the globe. Follow @CNBCtech on Twitter for the latest tech industry news. The successful Datadog IPO was a fresh lease on life for the markets after WeWorks shelved its IPO earlier this week. Browse... View Full Chart Market Cap Chart . Long-Term Debt to Equity for the company is recorded at 6.20, with the Long-Term Debt to Total Capital now at 5.76. No other company that first appeared on the list last year added more than $8 billion to its market cap. Datadog (NASDAQ: DDOG) stock broke away from its leash almost as soon as it launched its IPO a little more than one year ago. Datadog. Export Data ... Market Cap Range, Past 5 Years. The company report on December 11, 2020 that Datadog and Snyk Launch GitHub Integration to Help Customers Identify and Prioritize Code-level Security Fixes. The initial IPO range is $19-22/share, which equates to a market cap of ~$5.5-6.4B. Its platform integrates and automates infrastructure monitoring, application performance monitoring and log management. Datadog listed on the Nasdaq exchange in September 2019, raising nearly $650 million and nabbing a $10.9 billion market cap on its first day of trading. 10:33 AM ET Find the best stocks to buy and watch by seeing which … The stock rose 39% yesterday and 1.7% today in early market trading. When it comes to the capital structure of this company, Datadog Inc. [DDOG] has a Total Debt to Total Equity ratio set at 7.72. Join now to get the DBTnews.com pre-market morning brief 100% free. The IPO could assign Datadog a valuation of several billion of dollars, the sources said. Return on Total Capital for DDOG is now -4.44, given the latest momentum, and Return on Invested Capital for the company is -3.73. DDOG plans to raise $528M during an IPO at $6.4B valuation. New York-based Datadog has filed for offering 24 million shares in an IPO, with the price per share estimated between $24 and $26, revised up from the $19 to $22 range estimated previously. The top three institutional holders of DDOG stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 20,072,099, which is approximately -13.271% of the company’s market cap and around 1.60% of the total institutional ownership; VANGUARD GROUP INC, holding 14,733,451 shares of the stock with an approximate value of $1.51 billion in DDOG stocks shares; and MORGAN STANLEY, currently with $862.4 million in DDOG stock with ownership of nearly 4.546% of the company’s market capitalization. Cloud computing company is recorded at -4.61 the year monitoring, application performance monitoring analytics... 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