Datadog Inc (NASDAQ: DDOG) is 1.67% higher on its value in year-to-date trading and has touched a low of $98.80 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 $122.36 in the last trading session, with the day’s gains setting it 1.05%.
Currently trading at $123.41, the stock is -1.81% and 2.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.11 million and changing 0.86% at the moment leaves the stock 1.53% off its SMA200. DDOG registered 19.06% gain for a year compared to 6-month gain of 5.70%. The firm has a 50-day simple moving average (SMA 50) of $119.7872 and a 200-day simple moving average (SMA200) of $121.577774.
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The stock witnessed a -4.42% loss in the last 1 month and extending the period to 3 months gives it a 8.11%, and is -1.31% 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 3.77% over the week and 2.88% over the month.
Datadog Inc (DDOG) has around 5200 employees, a market worth around $41.91B and $2.54B in sales. Current P/E ratio is 228.45 and Fwd P/E is 61.78. Profit margin for the company is 7.58%. Distance from 52-week low is 24.91% and -10.97% from its 52-week high. The company has generated returns on investments over the last 12 months (6.80%).
with sales reaching $713.59M over the same period.The EPS is expected to grow by 34.11% this year, but quarterly earnings will post 24.90% year-over-year. Quarterly sales are estimated to grow 21.00% in year-over-year returns.
Datadog Inc (DDOG) Top Institutional Holders
1240.0 institutions hold shares in Datadog Inc (DDOG), with institutional investors hold 84.48% of the company’s shares. The shares outstanding are 305.40M, and float is at 293.77M with Short Float at 3.33%. Institutions hold 81.86% 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 Pomel Olivier, the company’s Chief Executive Officer. SEC filings show that Pomel Olivier sold 85,637 shares of the company’s common stock on Nov 04 ’24 at a price of $125.34 per share for a total of $10.73 million. Following the sale, the insider now owns 0.39 million shares.
Still, SEC filings show that on Oct 15 ’24, Shah Shardul (Director) disposed off 7,916 shares at an average price of $126.67 for $1.0 million. The insider now directly holds 451,533 shares of Datadog Inc (DDOG).
