Datadog Inc (NASDAQ: DDOG) is -9.30% lower on its value in year-to-date trading and has touched a low of $77.81 and a high of $138.61 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 $108.65 in the last trading session, with the day’s gains setting it 1.44%.
Currently trading at $110.09, the stock is -3.77% and -7.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.69 million and changing 1.33% at the moment leaves the stock -9.25% off its SMA200. DDOG registered 12.34% gain for a year compared to 6-month loss of -11.64%.
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The stock witnessed a 4.38% gain in the last 1 month and extending the period to 3 months gives it a -0.35%, and is -2.94% 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 2.79% over the week and 2.69% over the month.
Datadog Inc (DDOG) has around 5200 employees, a market worth around $37.12B and $2.39B in sales. Current P/E ratio is 239.33 and Fwd P/E is 56.68. Profit margin for the company is 6.81%. Distance from 52-week low is 41.49% and -20.58% from its 52-week high. The company has generated returns on investments over the last 12 months (6.27%).
The EPS is expected to grow by 27.29% this year
1236.0 institutions hold shares in Datadog Inc (DDOG), with institutional investors hold 88.62% of the company’s shares. The shares outstanding are 305.40M, and float is at 293.58M with Short Float at 2.90%. Institutions hold 82.38% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 28.52 million shares valued at $3.7 billion. The investor’s holdings represent 8.5962 of the DDOG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 20.06 million shares valued at $2.6 billion to account for 6.0446 of the shares outstanding. The other top investors are BAILLIE GIFFORD & CO which holds 9.49 million shares representing 2.8611 and valued at over $1.23 billion, while FMR LLC holds 2.7588 of the shares totaling 9.15 million with a market value of $1.19 billion.
Datadog Inc (DDOG) Insider Activity
The most recent transaction is an insider sale by Acocella Kerry, the company’s General Counsel and Secretary. SEC filings show that Acocella Kerry sold 3,211 shares of the company’s common stock on Sep 03 ’24 at a price of $113.50 per share for a total of $0.36 million. Following the sale, the insider now owns 76873.0 shares.
Datadog Inc disclosed in a document filed with the SEC on Sep 03 ’24 that Blitzer Adam (Chief Operating Officer) sold a total of 12,085 shares of the company’s common stock. The trade occurred on Sep 03 ’24 and was made at $113.50 per share for $1.37 million. Following the transaction, the insider now directly holds 0.22 million shares of the DDOG stock.
Still, SEC filings show that on Sep 03 ’24, Agarwal Amit (President) disposed off 11,519 shares at an average price of $113.50 for $1.31 million. The insider now directly holds 271,175 shares of Datadog Inc (DDOG).
