In yesterday’s Wall Street session, Datadog Inc. (NASDAQ:DDOG) shares traded at $93.69, down -1.06% from the previous session.
As of this writing, 39 analysts cover Datadog Inc. (NASDAQ:DDOG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $135.00 and a low of $70.00, we find $105.00. Given the previous closing price of $94.69, this indicates a potential upside of 10.89 percent. DDOG stock price is now -7.13% away from the 50-day moving average and 14.19% away from the 200-day moving average. The market capitalization of the company currently stands at $29.36B.
There are 10 analysts who have given it a hold rating, whereas 22 have given it a buy rating. Brokers who have rated the stock have averaged $106.87 as their price target over the next twelve months.
With the price target of $120, TD Cowen recently initiated with Outperform rating for Datadog Inc. (NASDAQ: DDOG).
In other news, Agarwal Amit, President sold 124,000 shares of the company’s stock on Aug 17. The stock was sold for $11,179,219 at an average price of $90.15. Upon completion of the transaction, the President now directly owns 269,141 shares in the company, valued at $25.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16, President Agarwal Amit sold 124,000 shares of the business’s stock. A total of $11,237,131 was realized by selling the stock at an average price of $90.62. This leaves the insider owning 269,141 shares of the company worth $25.22 million. Insiders disposed of 343,997 shares of company stock worth roughly $32.23 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 VIKING GLOBAL INVESTORS LP during the first quarter worth $82,436,000. CAPITAL INTERNATIONAL INVESTORS invested $41,997,000 in shares of DDOG during the first quarter. In the first quarter, ALTA PARK CAPITAL, LP acquired a new stake in Datadog Inc. valued at approximately $39,895,000. NISHKAMA CAPITAL, LLC acquired a new stake in DDOG for approximately $34,895,000. ORIBEL CAPITAL MANAGEMENT, LP purchased a new stake in DDOG valued at around $34,628,000 in the second quarter. In total, there are 993 active investors with 80.70% ownership of the company’s stock.
Tuesday morning saw Datadog Inc. (NASDAQ: DDOG) opened at $95.47. During the past 12 months, Datadog Inc. has had a low of $61.34 and a high of $118.02. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 3.40, and a quick ratio of 3.40. The fifty day moving average price for DDOG is $100.84 and a two-hundred day moving average price translates $82.14 for the stock.
The latest earnings results from Datadog Inc. (NASDAQ: DDOG) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at $0.36, beating analysts’ expectations of $0.28 by 0.08. This compares to -$0.02 EPS in the same period last year. The net profit margin was -4.40% and return on equity was -5.70% for DDOG. The company reported revenue of $509.46 million for the quarter, compared to $406.14 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.44 percent. For the current quarter, analysts expect DDOG to generate $524.02M 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.
