Datadog Inc. (NASDAQ: DDOG) is -5.84% lower on its value in year-to-date trading and has touched a low of $61.34 and a high of $159.00 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 $67.54 in the last trading session, with the day’s gains setting it 1.67% off its average median price target of $100.00 for the next 12 months. It is also 45.5% off the consensus price target high of $127.00 offered by 34 analysts, but current levels are 8.93% higher than the price target low of $76.00 for the same period.
Currently trading at $69.21, the stock is -7.94% and -7.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.68 million and changing 2.47% at the moment leaves the stock -20.20% off its SMA200. DDOG registered -42.77% loss for a year compared to 6-month loss of -28.67%.
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The stock witnessed a -19.03% gain in the last 1 month and extending the period to 3 months gives it a -13.17%, and is -1.00% 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 6.42% over the week and 4.82% over the month.
Datadog Inc. (DDOG) has around 4800 employees, a market worth around $23.76B and $1.68B in sales. Fwd P/E is 46.33. Profit margin for the company is -3.00%. Distance from 52-week low is 12.83% and -56.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.30%).
Datadog Inc. (DDOG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Datadog Inc. (DDOG) is a “Overweight”. 34 analysts offering their recommendations for the stock have an average rating of 1.90, where 8 rate it as a Hold and 6 think it is a “Overweight”. 20 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 05/04/2023.The EPS is expected to shrink by -136.90% this year
Datadog Inc. (DDOG) Top Institutional Holders
The shares outstanding are 317.38M, and float is at 263.53M with Short Float at 4.72%.
Datadog Inc. (DDOG) Insider Activity
A total of 49 insider transactions have happened at Datadog Inc. (DDOG) in the last six months, with sales accounting for 21 and purchases happening 28 times. The most recent transaction is an insider sale by Le-Quoc Alexis, the company’s President & CTO. SEC filings show that Le-Quoc Alexis sold 71,364 shares of the company’s common stock on Mar 13 at a price of $66.09 per share for a total of $4.72 million. Following the sale, the insider now owns 0.2 million shares.
Datadog Inc. disclosed in a document filed with the SEC on Mar 08 that Pomel Olivier (Chief Executive Officer) sold a total of 85,637 shares of the company’s common stock. The trade occurred on Mar 08 and was made at $72.79 per share for $6.23 million. Following the transaction, the insider now directly holds 0.27 million shares of the DDOG stock.
Still, SEC filings show that on Mar 06, Walters Sean Michael (Chief Revenue Officer) disposed off 3,138 shares at an average price of $77.21 for $0.24 million. The insider now directly holds 138,636 shares of Datadog Inc. (DDOG).
