How Does Wall Street Rate Shares Of Datadog Inc. (DDOG)?

Datadog Inc. (NASDAQ:DDOG) saw an upside of 1.17% to close Monday at $141.96 after adding $1.64 on the day. The 5-day average trading volume is 1,669,200 shares of the company’s common stock. It has gained $146.15 in the past week. An average of 2,335,940 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,898,326.

DDOG’s 1-month performance is 3.51% or $4.81 on its low of $131.39 reached on 09/13/21. The company’s shares have touched a 52-week low of $69.73 and high of $150.67, with the stock’s rally to the 52-week high happening on 09/23/21. YTD, DDOG has achieved 44.21% or $43.52. However, the current price is down -5.78%% from the 52-week high price.


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Insider Transactions

On Oct 06, 6 days have gone by since the last insider trading activity for Datadog Inc. (DDOG). Le-Quoc Alexis (President & CTO) most recently sold 314,304 shares at $143.65 per share on Oct 06. This transaction cost the insider $45,149,355. General Counsel, Kopits Laszlo, sold 8,000 shares at a price of $136.51 on Oct 04. Then, on Sep 29, Chief Financial Officer OBSTLER DAVID M sold 15,000 shares at a price of $138.20 per share. This transaction amounted to $2,073,020.

Valuation Metrics

Datadog Inc. (DDOG) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.91 for the sector.DDOG stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 58.31 while the price-to-book (PB) in the most recent quarter is 47.96, with the price to cash flow ratio at 284.24.

Datadog Inc.’s quick ratio for the period ended June 29 was 4.30, with the current ratio over the same period at 4.30 meaning that DDOG stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.80, while the total debt to equity was 0.80. In terms of profitability, the gross margin trailing 12 months is 76.60%. The trailing 12-month EBITDA margin is 4.34% while for the period ending June 29; Datadog Inc.’s operating margin was -5.40%. The firm’s gross profit as reported stood at $473.27 million against revenue of $603.47 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Datadog Inc.’s cash and short-term investments amounted to $1.16 billion against total debt of $792.88 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 43.8% to $233.55 million, while revenue of $198.55 million was 14.99% off the previous quarter. Analysts expected DDOG to announce $0.03 per share in earnings in its latest quarter, but it posted $0.1, representing a 233.30% surprise. EBITDA for the quarter stood at more than $4.34 million. DDOG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.16 billion, with total debt at $792.88 million. Shareholders hold equity totaling $310.02 million

Technical Picture

Let’s look briefly at Datadog Inc. (DDOG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 51.63% to suggest the stock is trending Neutral, with historical volatility in this time period at 39.24%.

The stock’s 5-day moving average is $141.92, reflecting a +3.54% or $4.86 change from its current price. DDOG is currently trading +4.98% above its 20-day SMA, +69.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +28.24% and +32.13% respectively.

Stochastic %K and %D was 42.58% and 45.54% and the average true range (ATR) pointed at 5.22. The RSI (14) points at 53.32%, while the 14-day stochastic is at 45.70% with the period’s ATR at 5.12. The stock’s 9-day MACD Oscillator is pointing at 0.25 and -0.95 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Datadog Inc. (NASDAQ: DDOG), Citigroup launched coverage with a Buy rating. Analysts offering their rating for DDOG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DDOG as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 13 have offered a “buy” rating.

What is DDOG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $120.00 and a high of $188.00, with their median price target at $153.50. Looking at these predictions, the average price target given by analysts is for Datadog Inc. (DDOG) stock is $154.38.

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