Datadog Inc (DDOG) concluded trading on Wednesday at a closing price of $126.42, with 4.19 million shares of worth about $529.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 57.22% during that period and on May 01, 2024 the price saw a gain of about 0.73%. Currently the company’s common shares owned by public are about 305.40M shares, out of which, 274.83M shares are available for trading.
Stock saw a price change of -0.51% in past 5 days and over the past one month there was a price change of 1.63%. Year-to-date (YTD), DDOG shares are showing a performance of 4.15% which increased to 93.30% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $63.00 but also hit the highest price of $138.61 during that period. The average intraday trading volume for Datadog Inc shares is 3.84 million. The stock is currently trading 0.72% above its 20-day simple moving average (SMA20), while that difference is up 0.92% for SMA50 and it goes to 13.76% higher than SMA200.
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Datadog Inc (NASDAQ: DDOG) currently have 305.40M outstanding shares and institutions hold larger chunk of about 68.00% of that.
The stock has a current market capitalization of $41.96B and its 3Y-monthly beta is at 1.14. PE ratio of stock for trailing 12 months is 975.46, while it has posted earnings per share of $0.13 in the same period. Its PEG reads 68.69 and has Quick Ratio of 3.12 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 3.66% while standing at 3.77% 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 $1.84 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.33 which is $0.44 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 8.37% while it is estimated to increase by 24.10% 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 Wells Fargo on April 23, 2024 offering an Overweight rating for the stock and assigned a target price range of between $130 and $150 to it. Coverage by BMO Capital Markets stated Datadog Inc (DDOG) stock as an Outperform in their note to investors on January 16, 2024, suggesting a price target of $140 for the stock. On December 07, 2023, Stifel Upgrade their recommendations, while on December 05, 2023, Scotiabank Initiated their ratings for the stock with a price target of $138. Stock get a Neutral rating from Mizuho on November 08, 2023.
