FreeDDOG9 min read
The DDOG cohort data nobody cites
DDOG
Delayed
The thesis
Durable growth plus FCF margin is a profile the market still discounts.
Net revenue retention is basing, and that's the variable that re-rates the stock.
What I'm watching
- FCF margin trajectory
- billings vs revenue spread
- A clean move through the level I flag below
Positioning
Short on DDOG, 6-36 months horizon. Conviction: Medium. Multiples are sentiment-sensitive here — defined risk only.
Opinion, not investment advice. The author may or may not hold positions discussed.
Opinion. The author may or may not hold positions discussed. Not advice. Not a financial promotion approved under FSMA s.21. Quote data is delayed. Past performance is not a reliable indicator of future results.
Comments
2 commentsClearest framing of DDOG I've read this month.
Not sure I buy the timing here. Feels like this needs another quarter of data before it's actionable.