At the time of writing, Datadog Inc [DDOG] stock is trading at $128.76, up 1.89%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DDOG shares have gain 3.32% over the last week, with a monthly amount glided 11.91%, 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 25, 2024, when BMO Capital Markets reiterated its Outperform rating and also boosted its price target to $135 from $132. Previously, UBS upgraded its rating to Buy on October 18, 2024, and elevated its price target to $150. On October 08, 2024, Exane BNP Paribas initiated with a Outperform rating and assigned a price target of $150 on the stock. DA Davidson upgraded its rating to a Buy and increased its price target to $140 on October 01, 2024. Monness Crespi & Hardt upgraded its rating to a Neutral. BTIG Research upgraded its rating to Buy for this stock on August 01, 2024, but kept the price target unchanged to $143. In a note dated July 16, 2024, Mizuho upgraded an Outperform rating on this stock and boosted its target price from $135 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 $140.24 within the next 12 months. Datadog Inc [NASDAQ: DDOG] shares were valued at $128.76 at the most recent close of the market. An investor can expect a potential return of 8.92% 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 126.64 points at the first support level, and at 124.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 130.10, and for the 2nd resistance point, it is at 131.43.
Ratios To Look Out For
It is important to note that Datadog Inc [NASDAQ:DDOG] has a current ratio of 1.98. As well, the Quick Ratio is 1.98, while the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 18.14, the price to book ratio is 18.01 and price to earnings (TTM) ratio is 279.91.
Transactions by insiders
Recent insider trading involved Shah Shardul, Director, that happened on Oct 15 ’24 when 7916.0 shares were sold. Chief Technology Officer, Le-Quoc Alexis completed a deal on Oct 14 ’24 to sell 0.13 million shares. Meanwhile, Chief Financial Officer OBSTLER DAVID M sold 33333.0 shares on Oct 11 ’24.
