Datadog Inc (NASDAQ: DDOG) is 6.08% higher 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 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 $126.37 in the last trading session, with the day’s gains setting it 2.39%.
Currently trading at $128.76, the stock is 2.95% and 9.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.54 million and changing 1.89% at the moment leaves the stock 5.88% off its SMA200. DDOG registered 57.64% gain for a year compared to 6-month loss of 2.60%. The firm has a 50-day simple moving average (SMA 50) of $118.025 and a 200-day simple moving average (SMA200) of $121.60448.
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The stock witnessed a 11.91% gain in the last 1 month and extending the period to 3 months gives it a 10.58%, and is 3.32% 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 2.38% over the week and 2.67% over the month.
Datadog Inc (DDOG) has around 5200 employees, a market worth around $43.41B and $2.39B in sales. Current P/E ratio is 279.91 and Fwd P/E is 66.00. Profit margin for the company is 6.81%. Distance from 52-week low is 65.48% and -7.11% from its 52-week high. The company has generated returns on investments over the last 12 months (6.27%).
with sales reaching $664.32M over the same period.The EPS is expected to grow by 26.28% this year, but quarterly earnings will post 23.60% year-over-year. Quarterly sales are estimated to grow 21.30% in year-over-year returns.
Datadog Inc (DDOG) Top Institutional Holders
1236.0 institutions hold shares in Datadog Inc (DDOG), with institutional investors hold 85.14% of the company’s shares. The shares outstanding are 305.40M, and float is at 293.75M with Short Float at 3.09%. Institutions hold 82.48% 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 Shah Shardul, the company’s Director. SEC filings show that Shah Shardul sold 7,916 shares of the company’s common stock on Oct 15 ’24 at a price of $126.67 per share for a total of $1.0 million. Following the sale, the insider now owns 0.45 million shares.
Datadog Inc disclosed in a document filed with the SEC on Oct 14 ’24 that Le-Quoc Alexis (Chief Technology Officer) sold a total of 127,105 shares of the company’s common stock. The trade occurred on Oct 14 ’24 and was made at $129.33 per share for $16.44 million. Following the transaction, the insider now directly holds 0.34 million shares of the DDOG stock.
Still, SEC filings show that on Oct 11 ’24, OBSTLER DAVID M (Chief Financial Officer) disposed off 33,333 shares at an average price of $130.39 for $4.35 million. The insider now directly holds 314,158 shares of Datadog Inc (DDOG).
