Summary
- Datadog went public in September 2019, raise $648 million in gross proceeds in a U.S. IPO.
- The firm provides IT monitoring and analytics to enterprises of all sizes.
- DDOG has shown largely consistent growth and impressive internal metrics.
- I'm cautiously Bullish on the stock at its current level of around $102 per share.
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Quick Take
Datadog (DDOG) went public in September 2019, selling 24 million shares of its Class A stock at $27.00 per share, for gross proceeds of $648 million.
The firm provides enterprises with cloud-centric monitoring and analytics of their IT infrastructures.
DDOG continues to grow impressively while producing solid internal metrics.
I’m cautiously Bullish on the stock at its current level of around $102.00 per share.
Company
New York-based Datadog was founded in 2010 to develop a unified monitoring and analytics platform that serves over 8,800 customers, among which 590 with annual recurring revenue [ARR] of over $100,00 and 40 with ARR of over $1 million.
Management is headed by Co-Founder, CEO and Director Olivier Pomel, who was previously Vice President, Technology at Wireless Generation.
The company has developed the cloud-based Datadog monitoring and analytics platform for developers, IT operations teams and business users that are capable of integrating and automating infrastructure monitoring, application performance monitoring and log management to provide unified observability of the entire technology stack in real-time.
Below is a brief overview video of the company’s Datadog platform:
