Datadog Inc (DDOG) Stock: Evaluating the Market Performance

The price-to-earnings ratio for Datadog Inc (NASDAQ: DDOG) is 942.36x, which is above its average ratio. Moreover, the 36-month beta value for DDOG is 1.15. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for DDOG is 274.84M and currently, short sellers hold a 3.11% of that float. On April 02, 2024, DDOG’s average trading volume was 4.29M shares.

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DDOG) stock’s latest price update

Datadog Inc (NASDAQ: DDOG)’s stock price has dropped by -0.83 in relation to previous closing price of 123.15. Nevertheless, the company has seen a loss of -0.43% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-01 that The latest trading day saw Datadog (DDOG) settling at $123.15, representing a -0.36% change from its previous close.

DDOG’s Market Performance

DDOG’s stock has fallen by -0.43% in the past week, with a monthly drop of -6.21% and a quarterly rise of 0.62%. The volatility ratio for the week is 2.27% while the volatility levels for the last 30 days are 2.99% for Datadog Inc. The simple moving average for the past 20 days is -0.81% for DDOG’s stock, with a 12.77% simple moving average for the past 200 days.

Analysts’ Opinion of DDOG

Many brokerage firms have already submitted their reports for DDOG stocks, with BMO Capital Markets repeating the rating for DDOG by listing it as a “Outperform.” The predicted price for DDOG in the upcoming period, according to BMO Capital Markets is $140 based on the research report published on January 16, 2024 of the current year 2024.

Stifel, on the other hand, stated in their research note that they expect to see DDOG reach a price target of $140, previously predicting the price at $98. The rating they have provided for DDOG stocks is “Buy” according to the report published on December 07th, 2023.

Scotiabank gave a rating of “Sector Outperform” to DDOG, setting the target price at $138 in the report published on December 05th of the previous year.

DDOG Trading at -3.88% from the 50-Day Moving Average

After a stumble in the market that brought DDOG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.89% of loss for the given period.

Volatility was left at 2.99%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares sank -7.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.53% lower at present.

During the last 5 trading sessions, DDOG fell by -1.76%, which changed the moving average for the period of 200-days by +25.16% in comparison to the 20-day moving average, which settled at $122.61. In addition, Datadog Inc saw 0.62% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at DDOG starting from OBSTLER DAVID M, who sale 3,833 shares at the price of $125.36 back on Mar 21 ’24. After this action, OBSTLER DAVID M now owns 0 shares of Datadog Inc, valued at $480,524 using the latest closing price.

OBSTLER DAVID M, the CHIEF FINANCIAL OFFICER of Datadog Inc, sale 3,732 shares at $125.36 during a trade that took place back on Mar 21 ’24, which means that OBSTLER DAVID M is holding 275,191 shares at $467,852 based on the most recent closing price.

Stock Fundamentals for DDOG

Current profitability levels for the company are sitting at:

  • -0.02 for the present operating margin
  • 0.81 for the gross margin

The net margin for Datadog Inc stands at 0.02. The total capital return value is set at -0.01. Equity return is now at value 2.83, with 1.40 for asset returns.

Based on Datadog Inc (DDOG), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.86. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is -13.93.

Currently, EBITDA for the company is 11.0 million with net debt to EBITDA at 10.01. When we switch over and look at the enterprise to sales, we see a ratio of 19.31. The receivables turnover for the company is 4.06for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.12.

Conclusion

To wrap up, the performance of Datadog Inc (DDOG) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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