The price of Datadog Inc (NASDAQ:DDOG) shares last traded on Wall Street fell -4.06% to $145.72.
DDOG stock price is now -0.76% away from the 50-day moving average and 15.11% away from the 200-day moving average. The market capitalization of the company currently stands at $49.50B.
With the price target reduced from $165 to $140, Stifel Downgraded its rating from Buy to Hold for Datadog Inc (NASDAQ: DDOG). On January 17, 2025, Cantor Fitzgerald recently initiated its ‘Overweight’ rating on the stock quoting a target price of $180, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Pomel Olivier, Chief Executive Officer sold 11,195 shares of the company’s stock on Jan 27 ’25. The stock was sold for $1,565,679 at an average price of $139.86. Upon completion of the transaction, the Chief Executive Officer now directly owns 379,693 shares in the company, valued at $55.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 27 ’25, Director OLIVIER POMEL bought 11,195 shares of the business’s stock. A total of $1,578,383 was incurred on buying the stock at an average price of $140.99. 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 $47274733568, which is based on a 269.75 price-to-earnings ratio, a 11.85 price-to-earnings-growth ratio, and a beta of 1.15. The fifty day moving average price for DDOG is $146.4876 and a two-hundred day moving average price translates $126.51678 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.
