A share price of Datadog Inc [DDOG] is currently trading at $129.81, down -0.22%. 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 gain 5.80% over the last week, with a monthly amount glided 18.41%, 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 08, 2024, when Exane BNP Paribas initiated its Outperform rating and assigned the stock a price target of $150. Previously, DA Davidson upgraded its rating to Buy on October 01, 2024, and elevated its price target to $140. On August 07, 2024, upgrade upgraded it’s rating to Neutral. BTIG Research upgraded its rating to a Buy but stick to its price target of $143 on August 01, 2024. Mizuho upgraded its rating to a Outperform and raised its price target to $155 on July 16, 2024. Evercore ISI started tracking with a Outperform rating for this stock on July 15, 2024, and assigned it a price target of $150. In a note dated June 14, 2024, Monness Crespi & Hardt downgraded an Sell rating on this stock and revised its target price from $290 to $240.
Datadog Inc experienced fluctuations in its stock price throughout the past year 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 $129.81 at the most recent close of the market. An investor can expect a potential return of 7.43% based on the average DDOG price forecast.
Analyzing the DDOG fundamentals
Trailing Twelve Months sales for Datadog Inc [NASDAQ:DDOG] were 2.39B which represents 26.66% growth. 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 128.63 points at the first support level, and at 127.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 131.12, and for the 2nd resistance point, it is at 132.42.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Datadog Inc [NASDAQ:DDOG] is 1.98. Also, the Quick Ratio is 1.98, while the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 18.28, the price to book ratio is 18.16 and price to earnings (TTM) ratio is 282.20.
Transactions by insiders
Recent insider trading involved DAVID OBSTLER, Officer, that happened on Oct 11 ’24 when 33333.0 shares were purchased. Chief Revenue Officer, Walters Sean Michael completed a deal on Oct 08 ’24 to sell 2322.0 shares. Meanwhile, Chief Financial Officer OBSTLER DAVID M sold 33333.0 shares on Oct 08 ’24.
