An Datadog Inc. (DDOG) Director Sells 3906.0 Shares

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SNOW Stock
SNOW Stock

Datadog Inc. (NASDAQ:DDOG) finished Wednesday with an addition of $0.94 to close at $94.51, an upside of 1.00 percent. An average of 4,379,740 shares of common stock have been traded in the last five days. There was a fall of -$2.52 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 3,980,800 shares traded, while the 50-day average volume stands at 4,449,960.

DDOG stock has decreased by -7.21% in the last month. The company shares reached their 1-month lowest point of $89.52 on 09/16/22. With the stock rallying to its 52-week high on 02/10/22, shares of the company touched a low of $81.12 and a high of $199.68 in 52 weeks. It has reached a new high 2 times so far this year and lost -46.94% or -$83.60 in price. In spite of this, the price is down -52.67% from the 52-week high.


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Insider Transactions

7 days have passed since Datadog Inc. (DDOG) last reported insider trading activity. Richardson Julie, who is Director, most recently acquired $3,906 shares at $96.87 per share on Sep 15. In this transaction, the insider spent $378,356. Chief Financial Officer, OBSTLER DAVID M, disposed of 2,500 shares at a price of $100.25 on Sep 09. The insider now owns more than $250,625 worth of shares. Prior to that, Chief Executive Officer Pomel Olivier went on to Sale 13,076 shares at $98.18 each on Sep 02. An amount of $1,283,802 was transacted.

Valuation Metrics

Datadog Inc. (DDOG) has a trailing price-to-earnings (P/E) ratio of 5250.56. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 22.88, the price-to-book (PB) ratio at 24.48, and the price-to-cash flow ratio at 81.75.

Financial Health

The quick ratio of Datadog Inc. for the three months ended June 29 was 3.30, and the current ratio was 3.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.61 and a total debt to equity ratio of 0.61 for the quarter ending June 29. Its gross profit as reported stood at $794.54 million compared to revenue of $1.03 billion.

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 0.30%.

Earnings Surprise

For the three-month period that ended June 29, Datadog Inc. had $1.46 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$4.88 million in the quarter, while revenues of $9.74 million were shrunk -91.8%. The analyst consensus anticipated Datadog Inc.’s latest quarter earnings to come in at $0.15 per share, but it turned out to be $0.24, a 60.00% surprise. For the quarter, EBITDA amounted to $15.12 million. Shareholders own equity worth $316.45 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 21 September was 41.98%, suggesting the stock is Neutral, with historical volatility in this time frame at 55.61%.

As of today, DDOG’s price is $93.70 -2.60% or -$2.52 from its 5-day moving average. DDOG is currently trading -8.23% lower than its 20-day SMA and -26.43% lower than its 100-day SMA. However, the stock’s current price level is -2.89% below the SMA50 and -42.45% below the SMA200.

The stochastic %K and %D were 24.49% and 19.11%, respectively, and the average true range (ATR) was 5.32. With the 14-day stochastic at 32.34% and the average true range at 5.58, the RSI (14) stands at 42.95%. The stock has reached -2.38 on the 9-day MACD Oscillator while the 14-day reading was at -2.25.

Analyst Ratings

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 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 5 analysts, while 17 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 $104.00 and $214.00, with a median target of $135.00. Taking a look at these predictions, the average price target given by analysts for Datadog Inc. (DDOG) stock is $141.52.

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