Datadog Inc (DDOG) concluded trading on Wednesday at a closing price of $117.32, with 3.52 million shares of worth about $413.13 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.06% during that period and on July 24, 2024 the price saw a loss of about -4.78%. Currently the company’s common shares owned by public are about 305.40M shares, out of which, 279.00M shares are available for trading.
Stock saw a price change of -3.17% in past 5 days and over the past one month there was a price change of -0.99%. Year-to-date (YTD), DDOG shares are showing a performance of -3.34% which increased to 5.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $77.81 but also hit the highest price of $138.61 during that period. The average intraday trading volume for Datadog Inc shares is 4.06 million. The stock is currently trading -7.36% below its 20-day simple moving average (SMA20), while that difference is down -3.00% for SMA50 and it goes to -0.34% lower than SMA200.
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Datadog Inc (NASDAQ: DDOG) currently have 305.40M outstanding shares and institutions hold larger chunk of about 71.83% of that.
The stock has a current market capitalization of $39.24B and its 3Y-monthly beta is at 1.10. PE ratio of stock for trailing 12 months is 361.21, while it has posted earnings per share of $0.32 in the same period. Its PEG reads 22.58 and has Quick Ratio of 3.38 while making debt-to-equity ratio of 0.43. 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 3.39% while standing at 3.22% over the month.
Stock’s fiscal year EPS is expected to rise by 22.37% while it is estimated to increase by 17.97% 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 Mizuho on July 16, 2024 offering an Outperform rating for the stock and assigned a target price range of between $135 and $155 to it. Coverage by Evercore ISI stated Datadog Inc (DDOG) stock as an Outperform in their note to investors on July 15, 2024, suggesting a price target of $150 for the stock. On June 14, 2024, Monness Crespi & Hardt Downgrade their recommendations, while on May 30, 2024, BofA Securities Upgrade their ratings for the stock with a price target of $155. Stock get an Outperform rating from Robert W. Baird on May 08, 2024.
