Datadog Inc. (DDOG): Here Are Some Research Recommendations

Datadog Inc. (NASDAQ:DDOG) finished Wednesday with an addition of $10.3 to close at $155.89, an upside of 7.07 percent. An average of 2,455,720 shares of common stock have been traded in the last five days. There was a gain of $12.58 in the past week. The last 20 days have seen an average of 2,512,145 shares traded, while the 50-day average volume stands at 2,968,724.

DDOG stock has increased by 12.87% in the last month. The company shares reached their 1-month lowest point of $134.50 on 09/14/21. With the stock rallying to its 52-week high on 10/13/21, shares of the company touched a low of $69.73 and a high of $150.67 in 52 weeks. In spite of this, the price is up 3.46% from the 52-week high.


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Insider Transactions

8 days have passed since Datadog Inc. (DDOG) last reported insider trading activity. Le-Quoc Alexis, who is President & CTO, most recently acquired $314,304 shares at $143.65 per share on Oct 06. In this transaction, the insider spent $45,149,355. General Counsel, Kopits Laszlo, disposed of 8,000 shares at a price of $136.51 on Oct 04. The insider now owns more than $1,092,053 worth of shares. Prior to that, Chief Financial Officer OBSTLER DAVID M went on to Sale 15,000 shares at $138.20 each on Sep 29. An amount of $2,073,020 was transacted.

Valuation Metrics

Datadog Inc. (DDOG) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.24 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 64.03, the price-to-book (PB) ratio at 52.67, and the price-to-cash flow ratio at 312.13.

The quick ratio of Datadog Inc. for the three months ended June 29 was 4.30, and the current ratio was 4.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.80 and a total debt to equity ratio of 0.80 for the quarter ending June 29. Datadog Inc.’s EBITDA margin for the year ending June 29 is 4.34%, while its operating margin for the same period stands at -5.40%. Its gross profit as reported stood at $473.27 million compared to revenue of $603.47 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Datadog Inc.’s return on assets was -2.80%. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Datadog Inc. had $1.16 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $233.55 million in the quarter, while revenues of $198.55 million were grew 43.8%. The analyst consensus anticipated Datadog Inc.’s latest quarter earnings to come in at $0.03 per share, but it turned out to be $0.1, a 233.30% surprise. For the quarter, EBITDA amounted to $4.34 million. Shareholders own equity worth $310.02 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Datadog Inc. (DDOG) price momentum. RSI 9-day as of the close on 13 October was 71.91%, suggesting the stock is Overbought, with historical volatility in this time frame at 50.35%.

As of today, DDOG’s price is $145.17 +8.78% or $12.58 from its 5-day moving average. DDOG is currently trading +12.06% higher than its 20-day SMA and +75.26% higher than its 100-day SMA. However, the stock’s current price level is +35.93% above the SMA50 and +55.55% above the SMA200.

The stochastic %K and %D were 69.97% and 54.13%, respectively, and the average true range (ATR) was 5.93. With the 14-day stochastic at 95.90% and the average true range at 5.59, the RSI (14) stands at 67.62%. The stock has reached 4.16 on the 9-day MACD Oscillator while the 14-day reading was at 5.02.

Analyst Ratings

Citigroup launched coverage on Datadog Inc. (NASDAQ: DDOG) in its analyst report released on July 08, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Datadog Inc. (DDOG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DDOG, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 13 others rate it as a “buy”.

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

Analysts predict a range of price targets between $120.00 and $188.00, with a median target of $153.50. Taking a look at these predictions, the average price target given by analysts for Datadog Inc. (DDOG) stock is $154.38.

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