Datadog Inc. (NASDAQ: DDOG) is 1.28% higher on its value in year-to-date trading and has touched a low of $28.88 and a high of $119.43 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DDOG stock was last observed hovering at around $105.05 in the last trading session, with the day’s loss setting it -5.35% off its average median price target of $120.00 for the next 12 months. It is also 29.29% off the consensus price target high of $141.00 offered by 23 analysts, but current levels are -2.78% lower than the price target low of $97.00 for the same period.
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Currently trading at $99.70, the stock is -7.93% and -4.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.55 million and changing -5.09% at the moment leaves the stock 9.01% off its SMA200. DDOG registered 118.26% gain for a year compared to 6-month gain of 16.23%. The firm has a 50-day simple moving average (SMA 50) of $104.88 and a 200-day simple moving average (SMA200) of $96.79.
The stock witnessed a -3.52% loss in the last 1 month and extending the period to 3 months gives it a 14.20%, and is -11.66% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.23% over the week and 5.24% over the month.
Datadog Inc. (DDOG) has around 1403 employees, a market worth around $30.75B and $603.50M in sales. Fwd P/E is 392.52. Profit margin for the company is 0.60%. Distance from 52-week low is 245.22% and -16.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.70%).
Datadog Inc. (DDOG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Datadog Inc. (DDOG) is a “Overweight”. 23 analysts offering their recommendations for the stock have an average rating of 2.40, where 13 rate it as a Hold and 0 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Datadog Inc. is expected to release its quarterly report on 05/17/2021 and quarterly earnings per share for the current quarter are estimated at $0.03 with sales reaching $186.64M over the same period.The EPS is expected to shrink by -51.80% this year, but quarterly earnings will post 38.10% year-over-year. Quarterly sales are estimated to grow 42.20% in year-over-year returns.
Datadog Inc. (DDOG) Top Institutional Holders
589 institutions hold shares in Datadog Inc. (DDOG), with 6.84M shares held by insiders accounting for 2.25% while institutional investors hold 72.85% of the company’s shares. The shares outstanding are 302.55M, and float is at 204.22M with Short Float at 8.09%. Institutions hold 71.21% of the Float.
The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 20.07 million shares valued at $2.05 billion. The investor’s holdings represent 9.65% of the DDOG Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 14.73 million shares valued at $1.51 billion to account for 7.08% of the shares outstanding. The other top investors are Blackrock Inc. which holds 10.22 million shares representing 4.91% and valued at over $1.01 billion, while Morgan Stanley holds 4.05% of the shares totaling 8.43 million with a market value of $861.47 million.
Datadog Inc. (DDOG) Insider Activity
A total of 266 insider transactions have happened at Datadog Inc. (DDOG) in the last six months, with sales accounting for 230 and purchases happening 36 times. The most recent transaction is an insider sale by Fougere Dan, the company’s Chief Revenue Officer. SEC filings show that Fougere Dan sold 150,000 shares of the company’s common stock on Feb 17 at a price of $102.91 per share for a total of $15.44 million. Following the sale, the insider now owns 0.33 million shares.
Datadog Inc. disclosed in a document filed with the SEC on Feb 17 that OBSTLER DAVID M (Chief Financial Officer) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Feb 17 and was made at $102.92 per share for $1.54 million. Following the transaction, the insider now directly holds 0.15 million shares of the DDOG stock.
Still, SEC filings show that on Feb 16, Richardson Julie (Director) disposed off 3,126 shares at an average price of $108.11 for $0.34 million. The insider now directly holds 2,301 shares of Datadog Inc. (DDOG).