Currently, there are 305.40M common shares owned by the public and among those 274.03M shares have been available to trade.
Insiders at the company have transacted a total of 78 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 514,331 shares. Insider sales of the common stock occurred on 65 occasions, with total insider shares sold totaling 445,443 shares.
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The company’s stock has a 5-day price change of -5.67% and 4.14% over the past three months. DDOG shares are trading 1.77% year to date (YTD), with the 12-month market performance up to 60.47% higher. It has a 12-month low price of $62.60 and touched a high of $138.61 over the same period. DDOG has an average intraday trading volume of 4.29 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.66%, -2.21%, and 16.88% respectively.
Institutional ownership of Datadog Inc (NASDAQ: DDOG) shares accounts for 69.14% of the company’s 305.40M shares outstanding.
It has a market capitalization of $41.00B and a beta (3y monthly) value of 1.17. The stock’s trailing 12-month PE ratio is 953.16, while the earnings-per-share (ttm) stands at $0.13. The company has a PEG of 67.12 and a Quick Ratio of 3.12 with the debt-to-equity ratio at 0.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.73% over the week and 3.77% over the month.
Analysts forecast that Datadog Inc (DDOG) will achieve an EPS of $0.35 for the current quarter, $0.35 for the next quarter and $1.85 for 2025. The lowest estimate earnings-per-share for the quarter is $0.33 while analysts give the company a high EPS estimate of $0.48. Comparatively, EPS for the current quarter was $0.28 a year ago. Earnings per share for the fiscal year are expected to increase by 10.44%, and 22.93% over the next financial year.
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. Stifel coverage for the Datadog Inc (DDOG) stock in a research note released on December 07, 2023 offered a Buy rating with a price target of $140. Scotiabank was of a view on December 05, 2023 that the stock is Sector Outperform, while Mizuho gave the stock Neutral rating on November 08, 2023, issuing a price target of $108. JP Morgan on their part issued Overweight rating on November 07, 2023.
