The stock of Datadog Inc. (NASDAQ:DDOG) last traded at $97.98, down -0.41% from the previous session.
Data from the available sources indicates that Datadog Inc. (NASDAQ:DDOG) is covered by 37 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $127.00 and a low of $70.00, we find $100.00. Given the previous closing price of $98.38, this indicates a potential upside of 1.65 percent. DDOG stock price is now 12.11% away from the 50-day moving average and 23.71% away from the 200-day moving average. The market capitalization of the company currently stands at $32.09B.
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In total, 10 analysts have assigned it a hold rating, and 21 have given it a buy rating. Brokers who have rated the stock have averaged $99.76 as their price target over the next twelve months.
In other news, OBSTLER DAVID M, Chief Financial Officer sold 25,330 shares of the company’s stock on Jun 28. The stock was sold for $2,520,032 at an average price of $99.49. Upon completion of the transaction, the Chief Financial Officer now directly owns 275,218 shares in the company, valued at $26.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14, Chief Executive Officer Pomel Olivier sold 85,637 shares of the business’s stock. A total of $8,294,275 was realized by selling the stock at an average price of $96.85. This leaves the insider owning 336,486 shares of the company worth $32.97 million. Insiders disposed of 338,636 shares of company stock worth roughly $33.18 million over the past 1 year. A total of 0.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DDOG stock. A new stake in Datadog Inc. shares was purchased by HOLOCENE ADVISORS, LP during the first quarter worth $247,224,000. SRS INVESTMENT MANAGEMENT, LLC invested $128,528,000 in shares of DDOG during the first quarter. In the first quarter, ATREIDES MANAGEMENT, LP acquired a new stake in Datadog Inc. valued at approximately $126,567,000. ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in DDOG for approximately $87,662,000. TRIVEST ADVISORS LTD purchased a new stake in DDOG valued at around $46,884,000 in the second quarter. In total, there are 966 active investors with 80.70% ownership of the company’s stock.
With an opening price of $98.10 on Monday morning, Datadog Inc. (NASDAQ: DDOG) set off the trading day. During the past 12 months, Datadog Inc. has had a low of $61.34 and a high of $120.75. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 3.20, and a quick ratio of 3.20. The fifty day moving average price for DDOG is $88.02 and a two-hundred day moving average price translates $79.21 for the stock.
The latest earnings results from Datadog Inc. (NASDAQ: DDOG) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at $0.28, beating analysts’ expectations of $0.24 by 0.04. This compares to $0.03 EPS in the same period last year. The net profit margin was -4.70% and return on equity was -6.20% for DDOG. The company reported revenue of $481.71 million for the quarter, compared to $363.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.69 percent. For the current quarter, analysts expect DDOG to generate $500.93M in revenue.
Datadog Inc.(DDOG) Company Profile
Datadog, Inc. operates an observability and security platform for cloud applications in North America and internationally. The company’s products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management. cloud SIEM, sensitive data scanner, and CI Visibility. The company was incorporated in 2010 and is headquartered in New York, New York.
