At the time of writing, Datadog Inc [DDOG] stock is trading at $122.38, down -0.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The DDOG shares have gain 6.36% over the last week, with a monthly amount glided 14.16%, 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 October 01, 2024, when DA Davidson upgraded its rating to a Buy and also boosted its price target to $140 from $115. Previously, Monness Crespi & Hardt upgraded its rating to Neutral on August 07, 2024. On August 01, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $143 on the stock. Mizuho upgraded its rating to a Outperform and increased its price target to $155 on July 16, 2024. Evercore ISI initiated its recommendation with a Outperform and recommended $150 as its price target on July 15, 2024. Monness Crespi & Hardt downgraded its rating to Sell for this stock on June 14, 2024, and downed its price target to $240. In a note dated May 30, 2024, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $143 to $155.
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 $139.45 within the next 12 months. Datadog Inc [NASDAQ: DDOG] shares were valued at $122.38 at the most recent close of the market. An investor can expect a potential return of 13.95% based on the average DDOG price forecast.
Analyzing the DDOG fundamentals
According to Datadog Inc [NASDAQ:DDOG], the company’s sales were 2.39B for trailing twelve months, which represents an 26.66% jump. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.4.
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 121.10 points at the first support level, and at 119.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 123.72, and for the 2nd resistance point, it is at 125.06.
Ratios To Look Out For
It is important to note that Datadog Inc [NASDAQ:DDOG] has a current ratio of 1.98. On the other hand, the Quick Ratio is 1.98, and the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 17.24, the price to book ratio is 17.12 and price to earnings (TTM) ratio is 266.04.
Transactions by insiders
Recent insider trading involved OLIVIER POMEL, Director, that happened on Oct 07 ’24 when 85637.0 shares were purchased. Officer, Kerry Acocella completed a deal on Oct 04 ’24 to buy 2452.0 shares. Meanwhile, Director 2019 Shah Family Trust bought 15832.0 shares on Oct 04 ’24.
