As of Thursday close, Datadog Inc.’s (NASDAQ:DDOG) stock was down -$0.31, moving down -0.34 percent to $90.29. The average number of shares traded per day over the past five days has been 3,790,680 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.43 fall in that time frame. In the last twenty days, the average volume was 6,011,620, while in the previous 50 days, it was 4,680,358.
Since last month, DDOG stock retreated -21.64%. Shares of the company fell to $83.87 on 08/08/23, the lowest level in the past month. A 52-week high of $118.02 was reached on 07/25/23 after having rallying from a 52-week low of $61.34. Since the beginning of this year, DDOG’s stock price has risen by 22.84% or $16.79, and marked a new high 17 times. However, the stock has declined by -23.50% since its 52-week high.
DDOG stock investors should be aware that Datadog Inc. (DDOG) stock had its last reported insider trading activity 2 days ago on Aug 16. Agarwal Amit, the President of the company, disposed of 124,000 shares for $90.62 on Aug 16. It resulted in a $11,237,131 divestment by the insider. Jacobson Matthew sold 19,645 shares at an average price of $90.12 on Aug 16. The insider now owns 52,475 shares following the transaction. On Aug 15, President Agarwal Amit sold 124,000 shares at $88.44 apiece. The transaction was valued at $10,966,699.
Valuation Metrics
The stock’s beta is 1.02. Besides these, the trailing price-to-sales (P/S) ratio of 15.54, the price-to-book (PB) ratio of 17.63, and the price-to-cash flow ratio of 69.94 may also be considered.
Financial Health
In the three months ended June 29, Datadog Inc.’s quick ratio stood at 3.40, while its current ratio was 3.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.45, and the total debt-to-equity ratio was 0.45. On the profitability front, the trailing twelve-month gross margin is 79.30% percent. In the year ended June 29, EBITDA margin amounted to 1.51%, whereas operating margins totaled -6.50%. Based on annual data, DDOG earned $1.33 billion in gross profit and brought in $1.68 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.30%. Return on equity (ROE) for the past 12 months was -5.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DDOG’s revenue rose 20.15% to $481.71 million during the quarter, while net income inched up to $508.61 million. While analysts expected Datadog Inc. to report $0.28 quarterly earnings, the actual figure was $0.36 per share, beating the consensus estimate by 28.60%. During the quarter, the company generated -$9.36 million in EBITDA. The liabilities of Datadog Inc. were 1.66 billion at the end of its most recent quarter ended June 29, and its total debt was $885.08 million. The value of shareholders’ equity is $325.0 million.
Technical Picture
This quick technical analysis looks at Datadog Inc.’s (DDOG) price momentum. With a historical volatility rate of 98.33%, the RSI 9-day stood at 33.86% on 17 August.
With respect to its five-day moving average, the current Datadog Inc. price is down by -0.47% percent or -$0.43. At present, DDOG shares trade -17.84% below its 20-day simple moving average and +38.40% percent above its 100-day simple moving average. However, the stock is currently trading approximately -11.35% below its SMA50 and +11.29% above its SMA200.
Stochastic coefficient K was 18.03% and Stochastic coefficient D was 17.22%, while ATR was 4.82. Given the Stochastic reading of 19.51% for the 14-day period, the RSI (14) reading has been calculated as 37.26%. As of today, the MACD Oscillator reading stands at -1.36, while the 14-day reading stands at -8.31.
Analyst Ratings
Datadog Inc. downgraded its rating on Datadog Inc. (NASDAQ: DDOG) to a Hold in a note to investors on August 09, 2023. The analysts firm previously had a Buy rating on the stock.Datadog Inc. (DDOG) has been rated Overweight by analysts. According to 0 brokerage firms, DDOG is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 7 analysts rate Datadog Inc. stock as buy, with 23 recommending it as overweight.
With a median target price of $104.50, the current consensus forecast for the stock is $70.00 – $135.00. Based on these forecasts, analysts predict Datadog Inc. (DDOG) will achieve an average price target of $106.75.
