Stocks of Datadog Inc (NASDAQ:DDOG) traded higher last session on Wall Street, down -2.18% to $146.93.
DDOG stock price is now 6.12% away from the 50-day moving average and 18.38% away from the 200-day moving average. The market capitalization of the company currently stands at $49.92B.
With the price target of $200, Macquarie recently initiated with Outperform rating for Datadog Inc (NASDAQ: DDOG). On November 08, 2024, BMO Capital Markets reiterated its ‘Outperform’ rating on the stock by increasing its target price from $135 to quote $145, while ‘Monness Crespi & Hardt’ rates the stock as ‘Buy’
In other news, OLIVIER POMEL, Director bought 19,226 shares of the company’s stock on Dec 18 ’24. The stock was bought for $3,016,752 at an average price of $156.91. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Director Shah Shardul sold 7,916 shares of the business’s stock. A total of $1,228,956 was realized by selling the stock at an average price of $155.25. This leaves the insider owning 435,701 shares of the company worth $64.02 million. A total of 11.33% of the company’s stock is owned by insiders.
During the past 12 months, Datadog Inc has had a low of $98.80 and a high of $170.08. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 2.10, and a quick ratio of 2.10. According to the stock market information, the enterprise value for the company is $47685799936, which is based on a 271.99 price-to-earnings ratio, a 13.01 price-to-earnings-growth ratio, and a beta of 1.13. The fifty day moving average price for DDOG is $138.0212 and a two-hundred day moving average price translates $124.007675 for the stock.
The latest earnings results from Datadog Inc (NASDAQ: DDOG) was released for 2024-09-30. The net profit margin was 7.58% and return on equity was 8.66% for DDOG. The company reported revenue of $690.02 million for the quarter, compared to $547.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.02 percent.
