The price-to-earnings ratio for Datadog Inc (NASDAQ: DDOG) is 266.72x, which is above its average ratio. Moreover, the 36-month beta value for DDOG is 1.10. Analysts have varying opinions on the stock, with 24 analysts rating it as a “buy,” 12 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for DDOG is 293.72M and currently, short sellers hold a 2.75% of that float. On October 07, 2024, DDOG’s average trading volume was 3.26M shares.
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DDOG) stock’s latest price update
The stock of Datadog Inc (NASDAQ: DDOG) has increased by 4.39 when compared to last closing price of 117.53.Despite this, the company has seen a gain of 7.43% in its stock price over the last five trading days. zacks.com reported 2024-10-04 that Zacks.com users have recently been watching Datadog (DDOG) quite a bit. Thus, it is worth knowing the facts that could determine the stock’s prospects.
DDOG’s Market Performance
Datadog Inc (DDOG) has seen a 7.43% rise in stock performance for the week, with a 11.45% gain in the past month and a -7.33% plunge in the past quarter. The volatility ratio for the week is 2.98%, and the volatility levels for the past 30 days are at 2.56% for DDOG. The simple moving average for the past 20 days is 8.63% for DDOG’s stock, with a 1.32% simple moving average for the past 200 days.
Analysts’ Opinion of DDOG
Many brokerage firms have already submitted their reports for DDOG stocks, with DA Davidson repeating the rating for DDOG by listing it as a “Buy.” The predicted price for DDOG in the upcoming period, according to DA Davidson is $140 based on the research report published on October 01, 2024 of the current year 2024.
BTIG Research gave a rating of “Buy” to DDOG, setting the target price at $143 in the report published on August 01st of the current year.
DDOG Trading at 8.09% 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 -11.49% of loss for the given period.
Volatility was left at 2.56%, however, over the last 30 days, the volatility rate increased by 2.98%, as shares surge +14.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.98% upper at present.
During the last 5 trading sessions, DDOG rose by +7.43%, which changed the moving average for the period of 200-days by -0.47% in comparison to the 20-day moving average, which settled at $113.72. In addition, Datadog Inc saw 1.08% 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 Kerry Acocella, who proposed sale 2,452 shares at the price of $117.53 back on Oct 04 ’24. After this action, Kerry Acocella now owns shares of Datadog Inc, valued at $288,184 using the latest closing price.
2019 Shah Family Trust, the Director of Datadog Inc, proposed sale 15,832 shares at $117.53 during a trade that took place back on Oct 04 ’24, which means that 2019 Shah Family Trust is holding shares at $1,860,735 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
- 0.82 for the gross margin
The net margin for Datadog Inc stands at 0.07. The total capital return value is set at 0.02. Equity return is now at value 8.04, with 4.22 for asset returns.
Based on Datadog Inc (DDOG), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.78. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 16.96.
Currently, EBITDA for the company is 11.0 million with net debt to EBITDA at 3.7. When we switch over and look at the enterprise to sales, we see a ratio of 17.51. The receivables turnover for the company is 4.49for 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 1.98.
Conclusion
To wrap up, the performance of Datadog Inc (DDOG) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
