A share price of Datadog Inc [DDOG] is currently trading at $122.65, down -0.76%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DDOG shares have lost -0.20% over the last week, with a monthly amount drifted -6.86%, and not seem to be holding up well over a long-time horizon.
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On 27, February 2024, Datadog to Present at Upcoming Investor Conference. In a post published today on Yahoo Finance, Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, today announced that management will present at the following investor conference.
From an analyst’s perspective:
Datadog Inc [NASDAQ: DDOG] stock has seen the most recent analyst activity on January 16, 2024, when BMO Capital Markets initiated its Outperform rating and assigned the stock a price target of $140. Previously, Stifel upgraded its rating to Buy on December 07, 2023, and elevated its price target to $140. On December 05, 2023, Scotiabank initiated with a Sector Outperform rating and assigned a price target of $138 on the stock. Mizuho downgraded its rating to a Neutral but stick to its price target of $108 on November 08, 2023. JP Morgan upgraded its rating to a Overweight. Robert W. Baird downgraded its rating to Underperform for this stock on October 30, 2023, and downed its price target to $84. In a note dated October 27, 2023, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $120 to $95.
Datadog Inc experienced fluctuations in its stock price throughout the past year between $62.60 and $138.61. Currently, Wall Street analysts expect the stock to reach $141.23 within the next 12 months. Datadog Inc [NASDAQ: DDOG] shares were valued at $122.65 at the most recent close of the market. An investor can expect a potential return of 15.15% based on the average DDOG price forecast.
Analyzing the DDOG fundamentals
Trailing Twelve Months sales for Datadog Inc [NASDAQ:DDOG] were 2.13B which represents 25.62% growth. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 120.54 points at the first support level, and at 118.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 124.30, and for the 2nd resistance point, it is at 125.96.
Datadog Inc [DDOG] reported earnings per share of $0.55 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.44/share, meaning a difference of $0.11 and a surprise factor of 25.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.45 per share as compared to estimates of $0.34 per share, a difference of $0.11 representing a surprise of 32.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Datadog Inc [NASDAQ:DDOG] is 3.12. Also, the Quick Ratio is 3.12, while the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 19.12, the price to book ratio is 20.05 and price to earnings (TTM) ratio is 946.37.
Transactions by insiders
Recent insider trading involved OBSTLER DAVID M, CHIEF FINANCIAL OFFICER, that happened on Mar 13 ’24 when 11268.0 shares were sold. CHIEF FINANCIAL OFFICER, OBSTLER DAVID M completed a deal on Mar 13 ’24 to sell 11167.0 shares. Meanwhile, CHIEF PEOPLE OFFICER De Madre Armelle sold 4276.0 shares on Mar 13 ’24.
