Is There More Upside Ahead For Datadog Inc (NASDAQ: DDOG)

Datadog Inc (DDOG) concluded trading on Wednesday at a closing price of $128.35, with 5.81 million shares of worth about $745.84 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.44% during that period and on November 06, 2024 the price saw a gain of about 2.64%. Currently the company’s common shares owned by public are about 305.40M shares, out of which, 293.75M shares are available for trading.

Stock saw a price change of 0.15% in past 5 days and over the past one month there was a price change of 3.74%. Year-to-date (YTD), DDOG shares are showing a performance of 5.74% which increased to 61.35% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $79.07 but also hit the highest price of $138.61 during that period. The average intraday trading volume for Datadog Inc shares is 3.07 million. The stock is currently trading 1.48% above its 20-day simple moving average (SMA20), while that difference is up 7.72% for SMA50 and it goes to 5.60% higher than SMA200.

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Datadog Inc (NASDAQ: DDOG) currently have 305.40M outstanding shares and institutions hold larger chunk of about 71.95% of that.

The stock has a current market capitalization of $43.27B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 279.02, while it has posted earnings per share of $0.46 in the same period. Its PEG reads 14.67 and has Quick Ratio of 1.98 while making debt-to-equity ratio of 0.40. 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 2.59% while standing at 2.57% over the month.

Stock’s fiscal year EPS is expected to rise by 26.29% while it is estimated to increase by 17.02% 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 October 25, 2024 offering an Outperform rating for the stock and assigned a target price range of between $132 and $135 to it. Coverage by UBS stated Datadog Inc (DDOG) stock as a Buy in their note to investors on October 18, 2024, suggesting a price target of $150 for the stock. On October 08, 2024, Exane BNP Paribas Initiated their recommendations, while on October 01, 2024, DA Davidson Upgrade their ratings for the stock with a price target of $140. Stock get a Neutral rating from Monness Crespi & Hardt on August 07, 2024.

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