Datadog Inc [DDOG] stock prices are down -2.52% to $127.51 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The DDOG shares have gain 2.50% over the last week, with a monthly amount glided 3.17%, and seem to be holding up well over a long-time horizon.
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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.
The stock price of Datadog Inc [DDOG] has been fluctuating between $62.60 and $138.61 over the past year. Currently, Wall Street analysts expect the stock to reach $141.23 within the next 12 months. Datadog Inc [NASDAQ: DDOG] shares were valued at $127.51 at the most recent close of the market. An investor can expect a potential return of 10.76% based on the average DDOG price forecast.
Analyzing the DDOG fundamentals
The Datadog Inc [NASDAQ:DDOG] reported sales of 2.13B for trailing twelve months, representing a surge of 25.62%. 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 126.11 points at the first support level, and at 124.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 130.24, and for the 2nd resistance point, it is at 132.98.
Ratios To Look Out For
It’s worth pointing out that Datadog Inc [NASDAQ:DDOG]’s Current Ratio is 3.12. On the other hand, the Quick Ratio is 3.12, and the Cash Ratio is 0.33. Considering the valuation of this stock, the price to sales ratio is 19.88, the price to book ratio is 20.84 and price to earnings (TTM) ratio is 983.87.
Transactions by insiders
Recent insider trading involved Le-Quoc Alexis, CHIEF TECHNOLOGY OFFICER, that happened on Apr 09 ’24 when 0.13 million shares were sold. CHIEF PEOPLE OFFICER, De Madre Armelle completed a deal on Apr 08 ’24 to sell 600.0 shares. Meanwhile, CHIEF EXECUTIVE OFFICER Pomel Olivier sold 85637.0 shares on Apr 01 ’24.
