Currently, Datadog Inc [DDOG] is trading at $131.43, up 2.32%. 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 1.26% over the last week, with a monthly amount glided 4.31%, 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 November 08, 2024, when BMO Capital Markets reiterated its Outperform rating and also boosted its price target to $145 from $135. Previously, Monness Crespi & Hardt upgraded its rating to Buy on November 07, 2024, and kept the price target unchanged to $155. On October 25, 2024, BMO Capital Markets reiterated its Outperform rating and revised its price target to $135 on the stock. UBS upgraded its rating to a Buy and increased its price target to $150 on October 18, 2024. Exane BNP Paribas initiated its recommendation with a Outperform and recommended $150 as its price target on October 08, 2024. DA Davidson upgraded its rating to Buy for this stock on October 01, 2024, and upped its price target to $140. In a note dated August 07, 2024, Monness Crespi & Hardt upgraded an Neutral rating on this stock.
This stock has fluctuated between a low of $98.80 and a high of $138.61 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $145.31 within the next 12 months. Datadog Inc [NASDAQ: DDOG] shares were valued at $131.43 at the most recent close of the market. An investor can expect a potential return of 10.56% based on the average DDOG price forecast.
Analyzing the DDOG fundamentals
Trailing Twelve Months sales for Datadog Inc [NASDAQ:DDOG] were 2.54B which represents 26.02% growth. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.
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 129.23 points at the first support level, and at 127.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 133.46, and for the 2nd resistance point, it is at 135.48.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Datadog Inc [NASDAQ:DDOG] is 2.10. Also, the Quick Ratio is 2.10, while the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 17.60, the price to book ratio is 16.96 and price to earnings (TTM) ratio is 243.30.
Transactions by insiders
Recent insider trading involved Jacobson Matthew, Director, that happened on Nov 12 ’24 when 50444.0 shares were sold. Director, Jacobson Matthew completed a deal on Nov 11 ’24 to sell 3393.0 shares. Meanwhile, Officer ADAM BLITZER bought 40389.0 shares on Nov 13 ’24.
