Datadog Inc (NASDAQ: DDOG): The Best-Of-Breed For Investing?

Currently, there are 305.40M common shares owned by the public and among those 293.72M shares have been available to trade.

The company’s stock has a 5-day price change of 8.55% and -2.03% over the past three months. DDOG shares are trading 1.93% year to date (YTD), with the 12-month market performance up to 31.02% higher. It has a 12-month low price of $77.81 and touched a high of $138.61 over the same period. DDOG has an average intraday trading volume of 3.30 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 7.36%, 8.76%, and 2.16% respectively.

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Institutional ownership of Datadog Inc (NASDAQ: DDOG) shares accounts for 72.14% of the company’s 305.40M shares outstanding.

It has a market capitalization of $41.71B and a beta (3y monthly) value of 1.10. The stock’s trailing 12-month PE ratio is 268.96, while the earnings-per-share (ttm) stands at $0.46. The company has a PEG of 14.14 and a Quick Ratio of 1.98 with the debt-to-equity ratio at 0.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.81% over the week and 2.43% over the month.

Earnings per share for the fiscal year are expected to increase by 27.22%, and 15.88% over the next financial year.

Looking at the support for the DDOG, a number of firms have released research notes about the stock. Exane BNP Paribas stated their Outperform rating for the stock in a research note on Oct-09-24, with the firm’s price target at $150. DA Davidson coverage for the Datadog Inc (DDOG) stock in a research note released on October 01, 2024 offered a Buy rating with a price target of $140. Monness Crespi & Hardt was of a view on August 07, 2024 that the stock is Neutral, while BTIG Research gave the stock Buy rating on August 01, 2024, issuing a price target of $143. Mizuho on their part issued Outperform rating on July 16, 2024.

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