Datadog Inc. (NASDAQ:DDOG) saw an upside of 1.13% to close Monday at $94.69 after adding $1.06 on the day. The 5-day average trading volume is 4,545,360 shares of the company’s common stock. It has gained $96.48 in the past week and touched a new high 4 times within the past 5 days. An average of 6,024,710 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,653,646.
DDOG’s 1-month performance is -13.82% or -$15.18 on its low of $83.87 reached on 08/08/23. The company’s shares have touched a 52-week low of $61.34 and high of $118.02, with the stock’s rally to the 52-week high happening on 07/25/23. YTD, DDOG has achieved 28.83% or $21.19 and has reached a new high 17 times. However, the current price is down -19.77% from the 52-week high price.
Insider Transactions
DDOG stock investors last saw insider trading activity on Aug 17.Agarwal Amit (President) most recently sold 124,000 shares at $90.15 per share on Aug 17. This transaction cost the insider $11,179,219. President, Agarwal Amit, sold 124,000 shares at a price of $90.62 on Aug 16. Then, on Aug 16, Director Jacobson Matthew sold 19,645 shares at a price of $90.12 per share. This transaction amounted to $1,770,402.
Valuation Metrics
DDOG stock has a beta of 1.01. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 15.64 while the price-to-book (PB) in the most recent quarter is 18.49, with the price to cash flow ratio at 70.41.
Datadog Inc.’s quick ratio for the period ended June 29 was 3.40, with the current ratio over the same period at 3.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.45, while the total debt to equity was 0.45. In terms of profitability, the gross margin trailing 12 months is 79.30%. The trailing 12-month EBITDA margin is 1.51% while for the period ending June 29, Datadog Inc.’s operating margin was -6.50%. The firm’s gross profit as reported stood at $1.33 billion against revenue of $1.68 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -22.92% to -$3.97 million, while revenue of -$24.09 million was -506.8% off the previous quarter. Analysts expected DDOG to announce $0.28 per share in earnings in its latest quarter, but it posted $0.36, representing a 28.60% surprise. EBITDA for the quarter stood at more than -$9.36 million. DDOG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.66 billion, with total debt at $885.08 million. Shareholders hold equity totaling $325.0 million.
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 21 August was 45.67% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.94%.
The stock’s 5-day moving average is $91.55, reflecting a +5.47% or $4.91 change from its current price. DDOG is currently trading -15.07% above its 20-day SMA, +39.81% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.39% and SMA200 by+17.19%.
Stochastic %K and %D was 27.89% and 23.13% and the average true range (ATR) pointed at 4.64. The RSI (14) points at 44.48%, while the 14-day stochastic is at 33.73% with the period’s ATR at 4.78. The stock’s 9-day MACD Oscillator is pointing at 2.38 and -2.15 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Datadog Inc. (NASDAQ: DDOG), TD Cowen launched coverage with an Outperform 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 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 7 rates the stock as overweight while 22 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 $70.00 and a high of $135.00, with their median price target at $105.00. Looking at these predictions, the average price target given by analysts is for Datadog Inc. (DDOG) stock is $106.87.
