Datadog Inc (DDOG) concluded trading on Thursady at a closing price of $131.12, with 4.3 million shares of worth about $563.53 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 39.95% during that period and on Thursady the price saw a gain of about 4.20%. Currently the company’s common shares owned by public are about 293.57M shares, out of which, 273.97M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 86 times over the past 12 months. They bought 514,331 shares in 13 of the transactions. In 73 selling transactions, insiders dumped 569,047 shares.
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However, the stock later moved at a day high price of 132.52, or with a gain of 4.20%. Stock saw a price change of -3.69% in past 5 days and over the past one month there was a price change of 1.64%. Year-to-date (YTD), DDOG shares are showing a performance of 8.02% which increased to 66.99% 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 $138.61 during that period. The average intraday trading volume for Datadog Inc shares is 4.28 million. The stock is currently trading 1.44% above its 20-day simple moving average (SMA20), while that difference is up 5.37% for SMA50 and it goes to 26.29% higher than SMA200.
Datadog Inc (NASDAQ: DDOG) currently have 293.57M outstanding shares and institutions hold larger chunk of about 68.92% of that.
The stock has a current market capitalization of $43.08B and its 3Y-monthly beta is at 1.17. PE ratio of stock for trailing 12 months is 1011.73, while it has posted earnings per share of $0.13 in the same period. Its PEG reads 71.25 and has Quick Ratio of 3.30 while making debt-to-equity ratio of 0.45. 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 3.14% while standing at 4.04% over the month.
Analysts are in expectations that Datadog Inc (DDOG) stock would likely to be making an EPS of $0.35 in the current quarter, while forecast for next quarter EPS is $0.35 and it is $1.85 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.33 which is $0.48 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 $0.28 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 11.92% while it is estimated to increase by 22.14% in next year.
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 BMO Capital Markets on January 16, 2024 offering an Outperform rating for the stock and assigned a target price of $140 to it. Coverage by Stifel stated Datadog Inc (DDOG) stock as a Buy in their note to investors on December 07, 2023, suggesting a price target of $140 for the stock. On December 05, 2023, Scotiabank Initiated their recommendations, while on November 08, 2023, Mizuho Downgrade their ratings for the stock with a price target of $108. Stock get an Overweight rating from JP Morgan on November 07, 2023.
