Datadog Inc (NASDAQ:DDOG) finished Friday with an addition of $2.13 to close at $91.09, an upside of 2.39 percent. An average of 2,936,760 shares of common stock have been traded in the last five days. There was a gain of $2.33 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 3,170,985 shares traded, while the 50-day average volume stands at 4,392,422.
DDOG stock has decreased by -3.26% in the last month. The company shares reached their 1-month lowest point of $85.29 on 09/28/23. With the stock rallying to its 52-week high on 07/25/23, shares of the company touched a low of $61.34 and a high of $118.02 in 52 weeks. It has reached a new high 17 times so far this year and achieved 23.93% or $17.59 in price. In spite of this, the price is down -22.82% from the 52-week high.
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Insider Transactions
DDOG stock investors should be aware that Datadog Inc (DDOG) stock had its last reported insider trading activity 17 days ago on Sep 13. In this transaction, the insider spent $8,405,545. Chief Financial Officer, OBSTLER DAVID M, disposed of 10,000 shares at a price of $98.16 on Sep 13. The insider now owns more than $981,583 worth of shares. Prior to that, Director Ittycheria Dev went on to Sale 68,750 shares at $100.00 each on Sep 11. An amount of $6,875,055 was transacted.
Valuation Metrics
Datadog Inc (DDOG) stock’s beta is 1.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 15.60, the price-to-book (PB) ratio at 17.93, and the price-to-cash flow ratio at 65.18.
Financial Health
The quick ratio of Datadog Inc for the three months ended June 29 was 3.37, and the current ratio was 3.37, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.53 and a total debt to equity ratio of 0.54 for the quarter ending June 29. Its gross profit as reported stood at $1.33 billion compared to revenue of $1.68 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$3.97 million in the quarter, while revenues were shrunk -22.92%. The analyst consensus anticipated Datadog Inc’s latest quarter earnings to come in at $0.28 per share, but it turned out to be $0.36, a 28.60% surprise. For the quarter, EBITDA amounted to -$9.36 million. Shareholders own equity worth $325.0 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 29 September was 47.08%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.96%.
As of today, DDOG’s price is $88.66 +2.63% or $2.33 from its 5-day moving average. DDOG is currently trading -5.59% lower than its 20-day SMA and +15.98% higher than its 100-day SMA. However, the stock’s current price level is -17.12% below the SMA50 and +18.31% above the SMA200.
The stochastic %K and %D were 22.85% and 13.93%, respectively, and the average true range (ATR) was 3.14. With the 14-day stochastic at 36.55% and the average true range at 3.28, the RSI (14) stands at 44.89%. The stock has reached -0.20 on the 9-day MACD Oscillator while the 14-day reading was at -2.68.
Analyst Ratings
TD Cowen launched coverage on Datadog Inc (NASDAQ: DDOG) in its analyst report released on August 18, 2023. The firm assigned the stock an Outperform 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 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 7 analysts, while 20 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 $70.00 and $133.00, with a median target of $104.00. Taking a look at these predictions, the average price target given by analysts for Datadog Inc (DDOG) stock is $105.36.
