Datadog Inc (NASDAQ: DDOG) Hogging The Spotlight Today

Currently, there are 293.57M common shares owned by the public and among those 273.25M shares have been available to trade.

Insiders at the company have transacted a total of 94 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 779,246 shares. Insider sales of the common stock occurred on 73 occasions, with total insider shares sold totaling 569,047 shares.

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The company’s stock has a 5-day price change of 2.83% and 34.54% over the past three months. DDOG shares are trading 11.10% year to date (YTD), with the 12-month market performance up to 61.69% higher. It has a 12-month low price of $62.60 and touched a high of $137.93 over the same period. DDOG has an average intraday trading volume of 2.39 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.38%, 10.14%, and 32.69% respectively.

Institutional ownership of Datadog Inc (NASDAQ: DDOG) shares accounts for 68.81% of the company’s 293.57M shares outstanding.

It has a market capitalization of $44.30B and a beta (3y monthly) value of 1.18. The earnings-per-share (ttm) stands at -$0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.23% over the week and 3.66% over the month.

Analysts forecast that Datadog Inc (DDOG) will achieve an EPS of $0.44 for the current quarter, $0.39 for the next quarter and $1.83 for 2024. The lowest estimate earnings-per-share for the quarter is $0.41 while analysts give the company a high EPS estimate of $0.49. Comparatively, EPS for the current quarter was $0.26 a year ago. Earnings per share for the fiscal year are expected to increase by 53.37%, and 18.05% over the next financial year. EPS should grow at an annualized rate of 33.30% over the next five years, compared to -77.99% over the past 5-year period.

Looking at the support for the DDOG, a number of firms have released research notes about the stock. BMO Capital Markets stated their Outperform rating for the stock in a research note on January 16, 2024, with the firm’s price target at $140.

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