Stocks of Datadog Inc (NASDAQ:DDOG) traded higher last session on Wall Street, up 2.92% to $120.65.
DDOG stock price is now 21.53% away from the 50-day moving average and 32.89% away from the 200-day moving average. The market capitalization of the company currently stands at $39.64B.
With the price target enhanced from $98 to $140, Stifel Upgraded its rating from Hold to Buy for Datadog Inc (NASDAQ: DDOG).
In other news, Acocella Kerry, General Counsel/Corp Secy sold 17,500 shares of the company’s stock on Dec 12. The stock was sold for $1,986,160 at an average price of $113.49. Upon completion of the transaction, the General Counsel/Corp Secy now directly owns 49,533 shares in the company, valued at $5.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12, Chief Financial Officer OBSTLER DAVID M sold 10,000 shares of the business’s stock. A total of $1,146,849 was realized by selling the stock at an average price of $114.68. This leaves the insider owning 246,009 shares of the company worth $29.68 million. Insiders disposed of 571,558 shares of company stock worth roughly $68.96 million over the past 1 year. A total of 17.93% of the company’s stock is owned by insiders.
During the past 12 months, Datadog Inc has had a low of $61.34 and a high of $120.26. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 3.30, and a quick ratio of 3.30. The fifty day moving average price for DDOG is $99.28 and a two-hundred day moving average price translates $90.79 for the stock.
The latest earnings results from Datadog Inc (NASDAQ: DDOG) was released for Sep, 2023. The net profit margin was -1.72% and return on equity was -2.23% 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.
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.
