Datadog Inc (NASDAQ: DDOG) is -7.79% 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 $111.40 in the last trading session, with the day’s gains setting it 0.53%.
Currently trading at $111.93, the stock is -0.71% and -3.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.42 million and changing 0.48% at the moment leaves the stock -7.66% off its SMA200. DDOG registered 18.38% gain for a year compared to 6-month loss of -7.40%.
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The stock witnessed a -2.65% gain in the last 1 month and extending the period to 3 months gives it a -4.47%, and is 3.52% 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 2.17% over the week and 2.47% over the month.
Datadog Inc (DDOG) has around 5200 employees, a market worth around $37.74B and $2.39B in sales. Current P/E ratio is 243.33 and Fwd P/E is 57.63. Profit margin for the company is 6.81%. Distance from 52-week low is 43.85% and -19.25% 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.
Datadog Inc (DDOG) Top Institutional Holders
1237.0 institutions hold shares in Datadog Inc (DDOG), with institutional investors hold 88.59% of the company’s shares. The shares outstanding are 305.40M, and float is at 293.80M with Short Float at 2.91%. 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 Jacobson Matthew, the company’s Director. SEC filings show that Jacobson Matthew sold 9,256 shares of the company’s common stock on Sep 11 ’24 at a price of $108.05 per share for a total of $1.0 million. Following the sale, the insider now owns 48411.0 shares.
Datadog Inc disclosed in a document filed with the SEC on Sep 11 ’24 that Walters Sean Michael (Chief Revenue Officer) sold a total of 3,096 shares of the company’s common stock. The trade occurred on Sep 11 ’24 and was made at $108.66 per share for $0.34 million. Following the transaction, the insider now directly holds 0.19 million shares of the DDOG stock.
Still, SEC filings show that on Sep 11 ’24, SEAN MICHAEL WALTERS (Officer) Proposed Sale 3,096 shares at an average price of $108.12 for $0.33 million. The insider now directly holds shares of Datadog Inc (DDOG).
