At the time of writing, Datadog Inc [DDOG] stock is trading at $114.06, up 5.57%. An important factor to consider is whether the stock is rising or falling in short-term value. The DDOG shares have gain 0.85% over the last week, with a monthly amount drifted -9.68%, and not 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 August 07, 2024, when Monness Crespi & Hardt upgraded its rating to a Neutral. Previously, BTIG Research upgraded its rating to Buy on August 01, 2024, and kept the price target unchanged to $143. On July 16, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $155 on the stock. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $150 on July 15, 2024. Monness Crespi & Hardt downgraded its rating to a Sell and reduced its price target to $240 on June 14, 2024. BofA Securities upgraded its rating to Buy for this stock on May 30, 2024, and upped its price target to $155. In a note dated May 08, 2024, Robert W. Baird upgraded an Outperform rating on this stock and boosted its target price from $130 to $140.
For the past year, the stock price of Datadog Inc fluctuated between $77.81 and $138.61. Currently, Wall Street analysts expect the stock to reach $138.95 within the next 12 months. Datadog Inc [NASDAQ: DDOG] shares were valued at $114.06 at the most recent close of the market. An investor can expect a potential return of 21.82% based on the average DDOG price forecast.
Analyzing the DDOG fundamentals
According to Datadog Inc [NASDAQ:DDOG], the company’s sales were 2.26B for trailing twelve months, which represents an 26.89% jump. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.35.
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 110.70 points at the first support level, and at 107.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 117.75, and for the 2nd resistance point, it is at 121.43.
Ratios To Look Out For
It is important to note that Datadog Inc [NASDAQ:DDOG] has a current ratio of 3.38. On the other hand, the Quick Ratio is 3.38, and the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 16.90, the price to book ratio is 17.30 and price to earnings (TTM) ratio is 351.17.
Transactions by insiders
Recent insider trading involved ARMELLE DE MADRE, Officer, that happened on Aug 07 ’24 when 300.0 shares were purchased. Director, OLIVIER POMEL completed a deal on Aug 05 ’24 to buy 85637.0 shares. Meanwhile, Chief Executive Officer Pomel Olivier sold 85637.0 shares on Aug 05 ’24.
