How should investors evaluate Datadog Inc (NASDAQ:DDOG)?

Stocks of Datadog Inc (NASDAQ:DDOG) traded higher last session on Wall Street, down -2.16% to $99.99.

According to the data, Datadog Inc (NASDAQ:DDOG) has 39 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $137.00 and a low of $95.00, we find $119.00. Given the previous closing price of $102.20, this indicates a potential upside of 16.44 percent. DDOG stock price is now 10.94% away from the 50-day moving average and 15.29% away from the 200-day moving average. The market capitalization of the company currently stands at $32.50B.

A total of 14 analysts have issued a hold rating and 19 have given it a buy rating. Brokers who have rated the stock have averaged $115.62 as their price target over the next twelve months.

With the price target maintained at $108, Mizuho recently Downgraded its rating from Buy to Neutral for Datadog Inc (NASDAQ: DDOG).

In other news, OBSTLER DAVID M, Chief Financial Officer sold 10,000 shares of the company’s stock on Oct 26. The stock was sold for $814,124 at an average price of $81.41. Upon completion of the transaction, the Chief Financial Officer now directly owns 260,617 shares in the company, valued at $26.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 11, Chief Executive Officer Pomel Olivier sold 85,637 shares of the business’s stock. A total of $7,713,888 was realized by selling the stock at an average price of $90.08. This leaves the insider owning 317,784 shares of the company worth $31.78 million. Insiders disposed of 611,895 shares of company stock worth roughly $61.18 million over the past 1 year. A total of 18.42% of the company’s stock is owned by insiders.

Wednesday’s opening bell rang with an opening price of $101.70 for Datadog Inc (NASDAQ: DDOG). 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 $90.13 and a two-hundred day moving average price translates $86.73 for the stock.

The latest earnings results from Datadog Inc (NASDAQ: DDOG) was released for Sep, 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 -$0.08 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 $547.54 million for the quarter, compared to $436.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.43 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.

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