At the time of writing, Datadog Inc [DDOG] stock is trading at $154.83, up 7.63%. 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 22.79% over the last week, with a monthly amount glided 24.97%, 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.
For the past year, the stock price of Datadog Inc fluctuated between $98.80 and $145.55. Currently, Wall Street analysts expect the stock to reach $145.31 within the next 12 months. Datadog Inc [NASDAQ: DDOG] shares were valued at $154.83 at the most recent close of the market. An investor can expect a potential drop of -6.15% based on the average DDOG price forecast.
Analyzing the DDOG fundamentals
According to Datadog Inc [NASDAQ:DDOG], the company’s sales were 2.54B for trailing twelve months, which represents an 26.02% jump. 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 0.64.
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 149.41 points at the first support level, and at 144.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 157.83, and for the 2nd resistance point, it is at 160.84.
Ratios To Look Out For
It is important to note that Datadog Inc [NASDAQ:DDOG] has a current ratio of 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 22.32, the price to book ratio is 19.98 and price to earnings (TTM) ratio is 286.62.
Transactions by insiders
Recent insider trading involved AMIT AGARWAL, Officer, that happened on Nov 22 ’24 when 90750.0 shares were purchased. Officer, SEAN MICHAEL WALTERS completed a deal on Nov 22 ’24 to buy 4674.0 shares. Meanwhile, Chief Financial Officer OBSTLER DAVID M sold 33334.0 shares on Nov 20 ’24.
