Datadog Inc. (NASDAQ: DDOG) is -49.78% lower on its value in year-to-date trading and has touched a low of $81.12 and a high of $199.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DDOG stock was last observed hovering at around $94.51 in the last trading session, with the day’s loss setting it -5.07% off its average median price target of $135.50 for the next 12 months. It is also 58.21% off the consensus price target high of $214.00 offered by 28 analysts, but current levels are 14.0% higher than the price target low of $104.00 for the same period.
Currently trading at $89.44, the stock is -9.85% and -12.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.81 million and changing -5.36% at the moment leaves the stock -28.51% off its SMA200. DDOG registered -39.85% loss for a year compared to 6-month loss of -38.92%.
The stock witnessed a -13.16% gain in the last 1 month and extending the period to 3 months gives it a -11.09%, and is -6.21% 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 4.69% over the week and 4.96% over the month.
Datadog Inc. (DDOG) has around 3200 employees, a market worth around $29.58B and $1.37B in sales. Current P/E ratio is 4968.89 and Fwd P/E is 81.38. Profit margin for the company is 0.50%. Distance from 52-week low is 10.26% and -55.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.20%).
Datadog Inc. (DDOG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Datadog Inc. (DDOG) is a “Overweight”. 28 analysts offering their recommendations for the stock have an average rating of 1.90, where 5 rate it as a Hold and 5 think it is a “Overweight”. 18 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 11/15/2022.The EPS is expected to grow by 17.90% this year
Datadog Inc. (DDOG) Top Institutional Holders
The shares outstanding are 314.80M, and float is at 261.66M with Short Float at 4.18%.
Datadog Inc. (DDOG) Insider Activity
A total of 51 insider transactions have happened at Datadog Inc. (DDOG) in the last six months, with sales accounting for 38 and purchases happening 13 times. The most recent transaction is an insider sale by Richardson Julie, the company’s Director. SEC filings show that Richardson Julie sold 3,906 shares of the company’s common stock on Sep 15 at a price of $96.87 per share for a total of $0.38 million. Following the sale, the insider now owns 3932.0 shares.
Datadog Inc. disclosed in a document filed with the SEC on Sep 09 that OBSTLER DAVID M (Chief Financial Officer) sold a total of 2,500 shares of the company’s common stock. The trade occurred on Sep 09 and was made at $100.25 per share for $0.25 million. Following the transaction, the insider now directly holds 0.2 million shares of the DDOG stock.
Still, SEC filings show that on Sep 02, Pomel Olivier (Chief Executive Officer) disposed off 13,076 shares at an average price of $98.18 for $1.28 million. The insider now directly holds 256,772 shares of Datadog Inc. (DDOG).