In yesterday’s Wall Street session, Datadog Inc (NASDAQ:DDOG) shares traded at $80.72, down -1.07% from the previous session.
As of this writing, 38 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 $133.00 and a low of $70.00, we find $105.00. Given the previous closing price of $81.59, this indicates a potential upside of 28.69 percent. DDOG stock price is now -12.15% away from the 50-day moving average and -6.31% away from the 200-day moving average. The market capitalization of the company currently stands at $26.23B.
There are 12 analysts who have given it a hold rating, whereas 19 have given it a buy rating. Brokers who have rated the stock have averaged $105.65 as their price target over the next twelve months.
In other news, Pomel Olivier, Chief Executive Officer sold 85,637 shares of the company’s stock on Oct 11. The stock was sold for $7,713,888 at an average price of $90.08. Upon completion of the transaction, the Chief Executive Officer now directly owns 317,784 shares in the company, valued at $25.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 11, Chief Financial Officer OBSTLER DAVID M sold 10,000 shares of the business’s stock. A total of $901,030 was realized by selling the stock at an average price of $90.10. This leaves the insider owning 260,617 shares of the company worth $21.04 million. Insiders disposed of 611,895 shares of company stock worth roughly $49.39 million over the past 1 year. A total of 18.42% 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 $71,024,000. CAPITAL INTERNATIONAL INVESTORS invested $36,183,000 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 $34,372,000. NISHKAMA CAPITAL, LLC acquired a new stake in DDOG for approximately $30,064,000. ORIBEL CAPITAL MANAGEMENT, LP purchased a new stake in DDOG valued at around $29,834,000 in the second quarter.
Thursday morning saw Datadog Inc (NASDAQ: DDOG) opened at $82.03. 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 0.54, a current ratio of 3.37, and a quick ratio of 3.37. The fifty day moving average price for DDOG is $91.69 and a two-hundred day moving average price translates $86.22 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 -4.38% and return on equity was -5.80% 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 $524.16M 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.
