Datadog Inc. [DDOG] fell -39.33% so far this year. What now?


Datadog Inc. [NASDAQ: DDOG] gained 4.75% on the last trading session, reaching $108.06 price per share at the time. The company report on June 2, 2022 that Datadog’s 2022 State of Serverless Report Finds Serverless Reaching Mainstream Adoption.

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Product maturity and increased options for leveraging serverless—through functions or serverless container products—is spurring adoption throughout all types of organizations and teams.

Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, today released the third edition of its The State of Serverless report, which is based on usage data from thousands of companies of all sizes and across all industries in Datadog’s global customer base.

Datadog Inc. represents 313.46 million in outstanding shares, while the company has a total market value of $35.54 billion with the latest information. DDOG stock price has been found in the range of $101.17 to $110.40.

If compared to the average trading volume of 5.21M shares, DDOG reached a trading volume of 4294709 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $164.97 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 2.00. 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.

Monness Crespi & Hardt have made an estimate for Datadog Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 06, 2022. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on March 22, 2022, representing the official price target for Datadog Inc. stock. Previously, the target price had yet another raise to $136, while SMBC Nikko analysts kept a Neutral rating on DDOG stock.

The Average True Range (ATR) for Datadog Inc. is set at 10.44, with the Price to Sales ratio for DDOG stock in the period of the last 12 months amounting to 29.78. The Price to Book ratio for the last quarter was 30.35, with the Price to Cash per share for the same quarter was set at 5.08. Price to Free Cash Flow for DDOG in the course of the last twelve months was 97.69 with Quick ratio for the last quarter at 3.30.

Trading performance analysis for DDOG stock

Datadog Inc. [DDOG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.28. With this latest performance, DDOG shares dropped by -1.76% in over the last four-week period, additionally sinking by -33.05% over the last 6 months – not to mention a rise of 16.85% 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 52.60, with the RSI for the last a single of trading hit 58.47, and the three-weeks RSI is set at 49.16 for Datadog Inc. [DDOG]. The present Moving Average for the last 50 days of trading for this stock 117.94, while it was recorded at 104.85 for the last single week of trading, and 145.61 for the last 200 days.

Datadog Inc. [DDOG]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Datadog Inc. [DDOG] shares currently have an operating margin of -1.86 and a Gross Margin at +77.17. Datadog Inc.’s Net Margin is presently recorded at -2.02.

Return on Equity for this stock declined to -2.08, with Return on Assets sitting at -0.97.

Datadog Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 3.30.

Datadog Inc. [DDOG]: An earnings per share (EPS) analysis

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 50.60%.

An analysis of insider ownership at Datadog Inc. [DDOG]

There are presently around $22,813 million, or 79.70% of DDOG stock, in the hands of institutional investors. The top three institutional holders of DDOG stocks are: VANGUARD GROUP INC with ownership of 22,492,050, which is approximately 1.455% of the company’s market cap and around 0.90% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 16,888,052 shares of the stock with an approximate value of $1.74 billion in DDOG stocks shares; and MORGAN STANLEY, currently with $1.73 billion in DDOG stock with ownership of nearly 0.448% 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 414 institutional holders increased their position in Datadog Inc. [NASDAQ:DDOG] by around 35,708,718 shares. Additionally, 306 investors decreased positions by around 22,869,591 shares, while 85 investors held positions by with 162,561,414 shares. The mentioned changes placed institutional holdings at 221,139,723 shares, according to the latest SEC report filing. DDOG stock had 140 new institutional investments in for a total of 5,646,140 shares, while 100 institutional investors sold positions of 6,365,390 shares during the same period.