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Things appear to be looking up for Datadog Inc (DDOG)

Datadog Inc (NASDAQ: DDOG) is 1.83% higher on its value in year-to-date trading and has touched a low of $62.60 and a high of $138.61 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 $123.51 in the last trading session, with the day’s gains setting it 0.09%.

Currently trading at $123.60, the stock is -0.22% and -2.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.89 million and changing 0.07% at the moment leaves the stock 14.40% off its SMA200. DDOG registered 82.49% gain for a year compared to 6-month gain of 40.73%. The firm has a 50-day simple moving average (SMA 50) of $18.48 and a 200-day simple moving average (SMA200) of $354.40.

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The stock witnessed a -5.27% loss in the last 1 month and extending the period to 3 months gives it a 0.00%, and is 0.60% up 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 2.18% over the week and 3.07% over the month.

Datadog Inc (DDOG) has around 5200 employees, a market worth around $41.02B and $2.13B in sales. Current P/E ratio is 953.70 and Fwd P/E is 68.97. Profit margin for the company is 2.28%. Distance from 52-week low is 97.45% and -10.83% from its 52-week high. The company has generated returns on investments over the last 12 months (1.67%).

Datadog Inc quarterly earnings per share for the current quarter are estimated at $0.35 with sales reaching $591.08M over the same period.The EPS is expected to grow by 9.35% this year, but quarterly earnings will post 21.20% year-over-year. Quarterly sales are estimated to grow 22.70% in year-over-year returns.

Datadog Inc (DDOG) Top Institutional Holders

1,163 institutions hold shares in Datadog Inc (DDOG), with institutional investors hold 86.91% of the company’s shares. The shares outstanding are 305.40M, and float is at 274.84M with Short Float at 3.11%. Institutions hold 79.94% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 25.33 million shares valued at $2.49 billion. The investor’s holdings represent 8.47% of the DDOG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 15.64 million shares valued at $1.54 billion to account for 5.23% of the shares outstanding. The other top investors are Baillie Gifford and Company which holds 10.39 million shares representing 3.47% and valued at over $1.02 billion, while ICONIQ Capital, LLC holds 2.61% of the shares totaling 7.82 million with a market value of $769.03 million.

Datadog Inc (DDOG) Insider Activity

The most recent transaction is an insider sale by OBSTLER DAVID M,the company’sCHIEF FINANCIAL OFFICER. SEC filings show that OBSTLER DAVID M sold 3,833 shares of the company’s common stock on Mar 21 ’24 at a price of $125.36 per share for a total of $0.48 million. Following the sale, the insider now owns 0.0 shares.

Datadog Inc disclosed in a document filed with the SEC on Mar 21 ’24 that OBSTLER DAVID M (CHIEF FINANCIAL OFFICER) sold a total of 3,732 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $125.36 per share for $0.47 million. Following the transaction, the insider now directly holds 0.28 million shares of the DDOG stock.

Still, SEC filings show that on Mar 14 ’24, Ittycheria Dev (Director) disposed off 135,000 shares at an average price of $121.96 for $16.46 million. The insider now directly holds 34,867 shares of Datadog Inc (DDOG).

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