The stock of Datadog Inc (NASDAQ: DDOG) has decreased by -0.25 when compared to last closing price of 125.76. Despite this, the company has experienced a 0.84% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-05 that The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock’s price.
Is It Worth Investing in Datadog Inc (NASDAQ: DDOG) Right Now?
Datadog Inc (NASDAQ: DDOG) has a higher price-to-earnings ratio of 967.90x compared to its average ratio, The 36-month beta value for DDOG is at 1.15. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for DDOG is 274.84M, and currently, shorts hold a 3.11% of that float. The average trading volume for DDOG on April 10, 2024 was 4.17M shares.
DDOG’s Market Performance
The stock of Datadog Inc (DDOG) has seen a 0.84% increase in the past week, with a 3.40% rise in the past month, and a 5.19% gain in the past quarter. The volatility ratio for the week is 3.65%, and the volatility levels for the past 30 days are at 2.99% for DDOG. The simple moving average for the past 20 days is 2.14% for DDOG’s stock, with a 15.09% 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 -0.96% 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 -9.50% of loss for the given period.
Volatility was left at 2.99%, however, over the last 30 days, the volatility rate increased by 3.65%, as shares surge +3.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.20% upper at present.
During the last 5 trading sessions, DDOG rose by +0.84%, which changed the moving average for the period of 200-days by +32.74% in comparison to the 20-day moving average, which settled at $123.01. In addition, Datadog Inc saw 3.34% 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 Pomel Olivier, who sale 85,637 shares at the price of $122.96 back on Apr 01 ’24. After this action, Pomel Olivier now owns 337,247 shares of Datadog Inc, valued at $10,529,838 using the latest closing price.
OBSTLER DAVID M, the CHIEF FINANCIAL OFFICER of Datadog Inc, sale 3,833 shares at $125.36 during a trade that took place back on Mar 21 ’24, which means that OBSTLER DAVID M is holding 0 shares at $480,524 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 19.83. 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
In conclusion, Datadog Inc (DDOG) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
