The Vanguard Group, Inc. has recently announced that it has increased stake in Datadog Inc (NASDAQ:DDOG) by 4.70%. After grabbing 25.91 million shares, the institutional investor is now in possession of 1.16 million shares of the Technology Company. The new investment brought the stake of investor firm to 8.58% having worth around $3.02 billion. Moreover, BlackRock Fund Advisors increased its share by 1.02 million to have a control over 12.5 million shares. And T. Rowe Price Associates, Inc. raised its holdings to 4.73 million shares by acquiring 10.64 million shares or 3.52% of the stake.
Datadog Inc (DDOG) concluded trading on 01/10/24 at a closing price of $120.19, with 4.22 million shares of worth about $506.81 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.98% during that period and on Wednesday the price saw a loss of about -0.82%. Currently the company’s common shares owned by public are about 293.57M shares, out of which, 269.64M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 100 times over the past 12 months. They bought 779,246 shares in 21 of the transactions. In 79 selling transactions, insiders dumped 571,558 shares.
Vanguard Total Stock Market ETF, Hanwha Arirang NASDAQ Tech, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in Datadog Inc Vanguard Total Stock Market ETF is currently holding 8.44 million shares of worth totaling $983.45 million. The company recently came buying 10261.0 shares which brought its stake up to 2.79% of the company’s outstanding shares. Vanguard Mid Cap Index Fund, after buying 6.11 million shares, have now control over 2.02% of the stake in the company. It holds 16425.0 shares of worth $712.63 million.
Datadog Inc (NASDAQ: DDOG) started trading at $121.75, above $0.57 from concluding price of the previous day. However, the stock later moved at a day high price of 122.00, or with a loss of -0.82%. Stock saw a price change of 6.91% in past 5 days and over the past one month there was a price change of 5.59%. Year-to-date (YTD), DDOG shares are showing a performance of -0.98% which increased to 82.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $62.60 but also hit the highest price of $124.69 during that period. The average intraday trading volume for Datadog Inc shares is 4.19 million. The stock is currently trading 0.58% above its 20-day simple moving average (SMA20), while that difference is up 9.11% for SMA50 and it goes to 26.45% higher than SMA200.
The Vanguard Group, Inc. acquired 25.91 million shares of Datadog Inc having value of about $3.02 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 1.16 million shares in the company valued at close to $139854646.47, or have control over 4.70% stake in the company. Datadog Inc (NASDAQ: DDOG) currently have 293.57M outstanding shares and institutions hold larger chunk of about 68.86% of that. Holding of mutual funds in the company is about 44.22% while other institutional holders and individual stake holders have control over 8.91% and 31.18% of the stake respectively.
The stock has a current market capitalization of $39.49B and its 3Y-monthly beta is at 1.18. It has posted earnings per share of -$0.11 in the same period. It has Quick Ratio of 3.30 while making debt-to-equity ratio of 0.49. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DDOG, volatility over the week remained 3.03% while standing at 2.51% over the month.
Analysts are in expectations that Datadog Inc (DDOG) stock would likely to be making an EPS of $0.44 in the current quarter, while forecast for next quarter EPS is $0.39 and it is $1.82 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.41 which is $0.5 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 53.04% while it is estimated to increase by 17.58% in next year. EPS is likely to grow at an annualized rate of 33.30% for next 5-years, compared to annual growth of -77.99% made by the stock over the past 5-years.
Analysts at 41 brokerage firms have issued recommendations for the Datadog Inc (DDOG)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.80. Out of those 41 Wall Street analysts, 22 recommended a “Buy” rating, while 12 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on December 07, 2023 offering a Buy rating for the stock and assigned a target price range of between $98 and $140 to it.
