Thursday, November 26, 2020

Datadog Inc. [DDOG] gain 95.18% so far this year. What now?

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Datadog Inc. [NASDAQ: DDOG] price plunged by -3.66 percent to reach at -$2.8. A sum of 4040198 shares traded at recent session while its average daily volume was at 4.77M shares. Datadog Inc. shares reached a high of $78.49 and dropped to a low of $73.58 until finishing in the latest session at $73.74.

The one-year DDOG stock forecast points to a potential downside of -16.68. The average equity rating for DDOG stock is currently 2.40, trading closer to a bullish pattern in the stock market.


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Guru’s Opinion on Datadog Inc. [DDOG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DDOG shares is $63.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DDOG stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Needham have made an estimate for Datadog Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 12, 2020. While these analysts kept the previous recommendation, Needham dropped their target price from $65 to $58. The new note on the price target was released on April 27, 2020, representing the official price target for Datadog Inc. stock. Previously, the target price had yet another raise to $38, while DA Davidson analysts kept a Neutral rating on DDOG stock. On April 13, 2020, analysts increased their price target for DDOG shares from 45 to 47.

The Average True Range (ATR) for Datadog Inc. is set at 4.72, with the Price to Sales ratio for DDOG stock in the period of the last 12 months amounting to 52.88. The Price to Book ratio for the last quarter was 27.11, with the Price to Cash per share for the same quarter was set at 2.61. Price to Free Cash Flow for DDOG in the course of the last twelve months was 689.84 with Quick ratio for the last quarter at 4.40.

DDOG Stock Performance Analysis:

Datadog Inc. [DDOG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.14. With this latest performance, DDOG shares gained by 42.55% in over the last four-week period, additionally plugging by 105.35% over the last 6 months .

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DDOG stock in for the last two-week period is set at 65.83, with the RSI for the last a single of trading hit 62.22, and the three-weeks RSI is set at 66.38 for Datadog Inc. [DDOG]. The present Moving Average for the last 50 days of trading for this stock 52.84, while it was recorded at 73.12 for the last single week of trading.

Insight into Datadog Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Datadog Inc. [DDOG] shares currently have an operating margin of -5.55 and a Gross Margin at +75.48. Datadog Inc.’s Net Margin is presently recorded at -4.61.

Return on Total Capital for DDOG is now -4.44, given the latest momentum, and Return on Invested Capital for the company is -3.73. Return on Equity for this stock declined to -4.73, with Return on Assets sitting at -2.74. When it comes to the capital structure of this company, Datadog Inc. [DDOG] has a Total Debt to Total Equity ratio set at 7.72. Additionally, DDOG Total Debt to Total Capital is recorded at 7.17, with Total Debt to Total Assets ending up at 5.82. Long-Term Debt to Equity for the company is recorded at 6.20, with the Long-Term Debt to Total Capital now at 5.76.

Reflecting on the efficiency of the workforce at the company, Datadog Inc. [DDOG] managed to generate an average of -$11,910 per employee. Receivables Turnover for the company is 4.50 with a Total Asset Turnover recorded at a value of 0.60.Datadog Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.40 and a Current Ratio set at 4.40.

Datadog Inc. [DDOG] Insider Position Details

There are presently around $7,105 million, or 54.10% of DDOG stock, in the hands of institutional investors. The top three institutional holders of DDOG stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 22,744,350, which is approximately 399.263% of the company’s market cap and around 2.70% of the total institutional ownership; WHALE ROCK CAPITAL MANAGEMENT LLC, holding 6,479,221 shares of the stock with an approximate value of $495.92 million in DDOG stocks shares; and DRAGONEER INVESTMENT GROUP, LLC, currently with $491.38 million in DDOG stock with ownership of nearly -6.971% of the company’s market capitalization.

Positions in Datadog Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 162 institutional holders increased their position in Datadog Inc. [NASDAQ:DDOG] by around 57,641,389 shares. Additionally, 78 investors decreased positions by around 15,100,774 shares, while 22 investors held positions by with 20,086,268 shares. The mentioned changes placed institutional holdings at 92,828,431 shares, according to the latest SEC report filing. DDOG stock had 94 new institutional investments in for a total of 17,163,072 shares, while 38 institutional investors sold positions of 3,965,097 shares during the same period.

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