Why did Datadog stock drop today? Shares fall on heavy volume
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Datadog (NASDAQ:DDOG) shares fell on Tuesday on heavy volume as investors await the cloud-based software company to report first-quarter earnings later this week.
Shortly after 3:30 p.m., Datadog (DDOG) shares fell nearly 5% to $114.4, as 3.9 million shares changed hands.

For comparison purposes, the average daily volume for Datadog (DDOG) is just over 4 million shares.
The New York City-based Datadog (DDOG) is set to report first-quarter earnings on Thursday, May 5, after the close of trading. A consensus of Wall Street analysts estimate the company will earn 11 cents per share on $337.81 million in revenue.
In March, Datadog (DDOG) announced its status as a Microsoft partner within the Azure Cloud Adoption Framework.