Datadog Inc. [DDOG] Stock trading around $157.76 per share: What’s Next?


Datadog Inc. [NASDAQ: DDOG] closed the trading session at $157.76 on 01/04/22. The day’s price range saw the stock hit a low of $148.86, while the highest price level was $163.44. The company report on December 10, 2021 that Annual Changes to the Nasdaq-100 Index®.

Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX), which will become effective prior to market open on Monday, December 20, 2021.

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The following six companies will be added to the Index: Airbnb, Inc. (Nasdaq: ABNB), Fortinet, Inc. (Nasdaq: FTNT), Palo Alto Networks, Inc. (Nasdaq: PANW), Lucid Group, Inc. (Nasdaq: LCID), Zscaler, Inc. (Nasdaq: ZS), Datadog, Inc. (Nasdaq: DDOG).

The stocks have a year to date performance of -11.43 percent and weekly performance of -11.08 percent. The stock has been moved at 47.01 percent over the last six months. The stock has performed -3.93 percent around the most recent 30 days and changed 11.18 percent over the most recent 3-months.

If compared to the average trading volume of 3.30M shares, DDOG reached to a volume of 6297714 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $211.42 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 2.10. 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.

JP Morgan have made an estimate for Datadog Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 14, 2021. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $191 to $235. The new note on the price target was released on November 19, 2021, representing the official price target for Datadog Inc. stock. Previously, the target price had yet another raise from $160 to $220, while Monness Crespi & Hardt kept a Buy rating on DDOG stock.

The Average True Range (ATR) for Datadog Inc. is set at 11.06, with the Price to Sales ratio for DDOG stock in the period of the last 12 months amounting to 56.19. The Price to Book ratio for the last quarter was 51.06, with the Price to Cash per share for the same quarter was set at 4.68. Price to Free Cash Flow for DDOG in the course of the last twelve months was 265.86 with Quick ratio for the last quarter at 3.90.

DDOG stock trade performance evaluation

Datadog Inc. [DDOG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.08. With this latest performance, DDOG shares dropped by -3.93% in over the last four-week period, additionally plugging by 47.01% over the last 6 months – not to mention a rise of 69.58% in the past year of trading.

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 38.84, with the RSI for the last a single of trading hit 32.65, and the three-weeks RSI is set at 42.59 for Datadog Inc. [DDOG]. The present Moving Average for the last 50 days of trading for this stock 175.71, while it was recorded at 171.67 for the last single week of trading, and 127.60 for the last 200 days.

Datadog Inc. [DDOG]: An insightful look at the core fundamentals

Datadog Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.90 and a Current Ratio set at 3.90.

Earnings per share (EPS) analysis for Datadog Inc. [DDOG] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DDOG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Datadog Inc. go to 29.40%.

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Datadog Inc. [DDOG]: Insider Ownership positions

There are presently around $32,316 million, or 78.60% of DDOG stock, in the hands of institutional investors. The top three institutional holders of DDOG stocks are: VANGUARD GROUP INC with ownership of 20,593,179, which is approximately 3.768% of the company’s market cap and around 0.70% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 18,964,045 shares of the stock with an approximate value of $3.11 billion in DDOG stocks shares; and MORGAN STANLEY, currently with $2.59 billion in DDOG stock with ownership of nearly 16.062% of the company’s market capitalization.

344 institutional holders increased their position in Datadog Inc. [NASDAQ:DDOG] by around 29,403,273 shares. Additionally, 177 investors decreased positions by around 13,162,846 shares, while 83 investors held positions by with 154,684,971 shares. The mentioned changes placed institutional holdings at 197,251,090 shares, according to the latest SEC report filing. DDOG stock had 134 new institutional investments in for a total of 7,542,177 shares, while 34 institutional investors sold positions of 2,382,347 shares during the same period.