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DDOG Datadog

Datadog, Inc. engages in the development of monitoring and analytics platform for developers, information technology operations teams and business users. Its platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide real-time observability of its customers' entire technology stack. The company was founded by Olivier Pomel and Alexis Lê-Quôc on June 4, 2010 and is headquartered in New York, NY.

Company profile

Ticker
DDOG
Exchange
CEO
Olivier Pomel
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
272825503

DDOG stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 Nov 20
24 Feb 21
31 Dec 21
Quarter (USD)
Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Datadog earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 202.13M 202.13M 202.13M 202.13M 202.13M 202.13M
Cash burn (monthly) 2.51M 47.4M 4.85M 939.42K (positive/no burn) (positive/no burn)
Cash used (since last report) 12.2M 230.37M 23.58M 4.57M n/a n/a
Cash remaining 189.93M -28.24M 178.55M 197.56M n/a n/a
Runway (months of cash) 75.7 -0.6 36.8 210.3 n/a n/a

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Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
17 Feb 21 Index Ventures VI Class A Common Stock Conversion Aquire C No No 0 70,065 0 70,065
17 Feb 21 Index Ventures VI Class A Common Stock Other Dispose J No No 0 78,405 0 0
17 Feb 21 Index Ventures VI Class A Common Stock Conversion Aquire C No No 0 78,405 0 78,405
17 Feb 21 Index Ventures VI Class A Common Stock Other Dispose J No No 0 3,884,295 0 0
17 Feb 21 Index Ventures VI Class A Common Stock Conversion Aquire C No No 0 3,884,294 0 3,884,295
17 Feb 21 Index Ventures VI Class A Common Stock Other Dispose J No No 0 1,307,235 0 0
17 Feb 21 Index Ventures VI Class A Common Stock Conversion Aquire C No No 0 1,307,235 0 1,307,235
17 Feb 21 Index Ventures VI Class B Common Stock Class A Common Stock Conversion Dispose C No No 0 70,065 0 292,251
17 Feb 21 Index Ventures VI Class B Common Stock Class A Common Stock Conversion Dispose C No No 0 78,405 0 327,038
17 Feb 21 Index Ventures VI Class B Common Stock Class A Common Stock Conversion Dispose C No No 0 3,884,294 0 16,201,879
77.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 466 414 +12.6%
Opened positions 121 127 -4.7%
Closed positions 69 57 +21.1%
Increased positions 202 147 +37.4%
Reduced positions 98 105 -6.7%
13F shares
Current Prev Q Change
Total value 16.2B 14.17B +14.3%
Total shares 162.16M 138.92M +16.7%
Total puts 4.13M 3.92M +5.4%
Total calls 4.76M 10.99M -56.7%
Total put/call ratio 0.9 0.4 +143.1%
Largest owners
Shares Value Change
TROW T. Rowe Price 21.27M $2.09B +6.0%
Vanguard 16.14M $1.59B +9.5%
BLK Blackrock 10.22M $1.01B +24.4%
Capital Associates V L.L.C. Meritech 8.38M $824.95M NEW
Lone Pine Capital 7.09M $697.95M +8.3%
Baillie Gifford & Co 6.12M $602.64M +10.2%
Tiger Global Management 4.76M $468.28M 0.0%
Dragoneer Investment 4.43M $436.31M -0.8%
ICONIQ Capital 4.4M $433.12M +12.7%
Brown Capital Management 3.97M $390.43M +0.3%
Largest transactions
Shares Bought/sold Change
Capital Associates V L.L.C. Meritech 8.38M +8.38M NEW
MS Morgan Stanley 2.61M -5.82M -69.0%
D1 Capital Partners 3.92M +3.92M NEW
Jackson Square Partners 3.7M +3.7M NEW
First Trust Advisors 2.96M +2.38M +410.0%
BLK Blackrock 10.22M +2M +24.4%
Melvin Capital Management 950K -1.93M -67.0%
Vanguard 16.14M +1.41M +9.5%
TROW T. Rowe Price 21.27M +1.2M +6.0%
GS Goldman Sachs 660.78K -1.08M -62.1%

Financial report summary

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Competition
SplunkNew RelicElastic
Risks
  • The ongoing COVID-19 pandemic and any related economic downturn could negatively impact our business, financial condition and results of operations.
  • Our recent rapid growth may not be indicative of our future growth. Our rapid growth also makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful.
  • We have a history of operating losses and may not achieve or sustain profitability in the future.
  • We have a limited operating history, which makes it difficult to forecast our future results of operations.
  • Our business depends on our existing customers purchasing additional subscriptions and products from us and renewing their subscriptions. If our customers do not renew or expand their subscriptions with us, our future operating results would be harmed.
  • If we are unable to attract new customers, our business, financial condition and results of operations will be adversely affected.
  • Failure to effectively develop and expand our sales and marketing capabilities could harm our ability to increase our customer base and achieve broader market acceptance of our products.
  • If we or our third-party service providers experience a security breach or unauthorized parties otherwise obtain access to our customers’ data, our data or our platform, our solution may be perceived as not being secure, our reputation may be harmed, demand for our platform and products may be reduced, and we may incur significant liabilities.
  • Interruptions or performance problems associated with our products and platform capabilities may adversely affect our business, financial condition and results of operations.
  • If we fail to adapt and respond effectively to rapidly changing technology, evolving industry standards, changing regulations, or to changing customer needs, requirements or preferences, our platform and products may become less competitive.
  • The markets in which we participate are competitive, and if we do not compete effectively, our business, financial condition and results of operations could be harmed.
  • We may not be able to successfully manage our growth, and if we are not able to grow efficiently, our business, financial condition and results of operations could be harmed.
  • We rely upon third-party providers of cloud-based infrastructure to host our products. Any disruption in the operations of these third-party providers, limitations on capacity or interference with our use could adversely affect our business, financial condition and results of operations.
  • We offer free trials and a free tier of our platform to drive developer awareness of our products, and encourage usage and adoption. If these marketing strategies fail to lead to customers purchasing paid subscriptions, our ability to grow our revenue will be adversely affected.
  • We expect fluctuations in our financial results, making it difficult to project future results, and if we fail to meet the expectations of securities analysts or investors with respect to our results of operations, our stock price could decline.
  • Seasonality may cause fluctuations in our sales and results of operations.
  • Downturns or upturns in our sales may not be immediately reflected in our financial position and results of operations.
  • We target enterprise customers, and sales to these customers involve risks that may not be present or that are present to a lesser extent with sales to smaller entities.
  • If we fail to retain and motivate members of our management team or other key employees, or fail to attract additional qualified personnel to support our operations, our business and future growth prospects would be harmed.
  • If we fail to maintain and enhance our brand, our ability to expand our customer base will be impaired and our business, financial condition and results of operations may suffer.
  • If we cannot maintain our company culture as we grow, our success and our business and competitive position may be harmed.
  • The market for our solutions may develop more slowly or differently than we expect.
  • We typically provide service-level commitments under our subscription agreements. If we fail to meet these contractual commitments, we could be obligated to provide credits for future service or face subscription termination with refunds of prepaid amounts, which would lower our revenue and harm our business, financial condition and results of operations.
  • Indemnity provisions in various agreements to which we are party potentially expose us to substantial liability for infringement, misappropriation or other violation of intellectual property rights, data protection and other losses.
  • If we fail to offer high-quality support, our reputation could suffer.
  • Acquisitions, strategic investments, partnerships, or alliances could be difficult to identify, pose integration challenges, divert the attention of management, disrupt our business, dilute stockholder value, and adversely affect our business, financial condition and results of operations.
  • We are subject to stringent and changing privacy laws, regulations and standards, information security policies and contractual obligations related to data privacy and security. Our actual or perceived failure to comply with such obligations could harm our business.
  • We are subject to anti-corruption, anti-bribery, anti-money laundering, and similar laws, and non-compliance with such laws can subject us to criminal or civil liability and harm our business, financial condition and results of operations.
  • Sales to government entities and highly regulated organizations are subject to a number of challenges and risks.
  • We are subject to governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls.
  • Any failure to obtain, maintain, protect or enforce our intellectual property and proprietary rights could impair our ability to protect our proprietary technology and our brand.
  • We may become subject to intellectual property disputes, which are costly and may subject us to significant liability and increased costs of doing business.
  • Any future litigation against us could be costly and time-consuming to defend.
  • We use open source software in our products, which could negatively affect our ability to sell our services or subject us to litigation or other actions.
  • Our current operations are international in scope, and we plan further geographic expansion, creating a variety of operational challenges.
  • Legal, political and economic uncertainty surrounding the exit of the United Kingdom from the EU may be a source of instability in international markets, create significant currency fluctuations, adversely affect our operations in the United Kingdom and pose additional risks to our business, financial condition and results of operations.
  • We are exposed to fluctuations in currency exchange rates, which could negatively affect our results of operations.
  • Our international operations may subject us to potential adverse tax consequences.
  • We could be required to collect additional sales taxes or be subject to other tax liabilities that may increase the costs our clients would have to pay for our products and adversely affect our results of operations.
  • Our ability to use our net operating losses to offset future taxable income may be subject to certain limitations.
  • Changes in our effective tax rate or tax liability may have an adverse effect on our results of operations.
  • Our reported financial results may be adversely affected by changes in accounting principles generally accepted in the United States.
  • If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our results of operations could be adversely affected.
  • We may require additional capital to support the growth of our business, and this capital might not be available on acceptable terms, if at all.
  • Our stock price may be volatile, and the value of our Class A common stock may decline.
  • The dual class structure of our common stock has the effect of concentrating voting control with holders of our Class B common stock, including our executive officers, directors and their affiliates, which will limit the ability of holders of our Class A common stock to influence the outcome of important transactions.
  • We cannot predict the impact our dual class structure may have on the market price of our Class A common stock.
  • An active public trading market for our Class A common stock may not develop or be sustained.
  • Future sales of our Class A common stock in the public market could cause the market price of our Class A common stock to decline.
  • Our issuance of additional capital stock in connection with financings, acquisitions, investments, our equity incentive plans or otherwise will dilute all other stockholders.
  • If securities or industry analysts do not publish research or publish unfavorable or inaccurate research about our business, or if we fail to meet our publicly announced financial guidance, the market price and trading volume of our Class A common stock could decline.
  • We do not intend to pay dividends for the foreseeable future.
  • We will no longer qualify as an “emerging growth company” as of December 31, 2020 and, as a result, we will no longer be able to avail ourselves of certain reduced reporting and disclosure requirements.
  • We will continue to incur increased costs as a result of operating as a public company, and our management will be required to continue to devote substantial time to compliance with our public company responsibilities and corporate governance practices.
  • As a result of being a public company, we are obligated to develop and maintain proper and effective internal controls over financial reporting, and any failure to maintain the adequacy of these internal controls may adversely affect investor confidence in our company and, as a result, the value of our Class A common stock.
  • Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of our company more difficult, limit attempts by our stockholders to replace or remove our current management and limit the market price of our Class A common stock.
  • Our amended and restated certificate of incorporation designates the Court of Chancery of the State of Delaware and the federal district courts of the United States of America as the exclusive forums for substantially all disputes between us and our stockholders, which could restrict our stockholders’ ability to choose the judicial forum for disputes with us or our directors, officers or other employees.
  • We may not have sufficient cash flow from our business to make payments on our significant debt when due, and we may incur additional indebtedness in the future.
  • The conditional conversion feature of the 2025 Notes, if triggered, may adversely affect our financial condition and operating results.
  • The accounting method for convertible debt securities that may be settled in cash, such as the notes, could have a material effect on our reported financial results.
  • The capped call transactions may affect the value of the 2025 Notes and our Class A common stock.
Management Discussion
  • Revenue increased by $164.7 million, or 83%, for the year ended December 31, 2019 compared to the year ended December 31, 2018. The increase in revenue was primarily due to growth from existing customers, with the remaining increase attributable to new customers.
  • Cost of revenue increased by $42.4 million, or 91%, for the year ended December 31, 2019 compared to the year ended December 31, 2018. This increase was primarily due to an increase of $35.2 million in third-party cloud infrastructure hosting and software costs, an increase of $3.2 million in personnel expenses as a result of increased headcount, an increase of $2.5 million of depreciation and amortization expense, an increase of $0.8 million in credit card processing fees and other fees, and an increase of $0.7 million in allocated overhead costs as a result of an increase in overall costs necessary to support the growth of the business and related infrastructure.
  • Our gross margin declined by 2% for the year ended December 31, 2019 compared to the year ended December 31, 2018, primarily as the result of the timing and amount of our investments to expand the capacity of our third-party cloud infrastructure providers.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Good
New words: charity, Ireland, Subtopic, unnecessary
Removed: began