Datadog Inc. [DDOG] Is Currently 2.24 below its 200 Period Moving Avg: What Does This Mean?

Datadog Inc. [NASDAQ: DDOG] surged by $2.31 during the normal trading session on Wednesday and reaching a high of $106.34 during the day while it closed the day at $105.30. The company report on August 23, 2022 that Datadog Achieves AWS Security, Networking and Retail Competencies.

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Datadog has now achieved nine AWS competencies across use cases, industries and technologies.

Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, announced today that it has achieved Amazon Web Services (AWS) Security, Networking and Retail competencies. In total, Datadog has now received nine competencies—the most of any integrated observability company supporting AWS to date. This reaffirms Datadog’s commitment to AWS and its position as a global partner across multiple industries and use cases.

Datadog Inc. stock has also loss -4.29% of its value over the past 7 days. However, DDOG stock has inclined by 22.71% in the 3 months of the year. Over the past six months meanwhile, it has lost -29.54% and lost -40.88% year-on date.

The market cap for DDOG stock reached $34.49 billion, with 314.80 million shares outstanding and 261.66 million shares in the current float. Compared to the average trading volume of 5.16M shares, DDOG reached a trading volume of 2668466 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 $141.05 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 Neutral, with their previous recommendation back on August 04, 2022. While these analysts kept the previous recommendation, Bernstein raised their target price to Outperform. The new note on the price target was released on July 20, 2022, representing the official price target for Datadog Inc. stock. Previously, the target price had yet another raise to $120, while Canaccord Genuity analysts kept a Hold rating on DDOG stock. On May 06, 2022, analysts decreased their price target for DDOG shares from 228 to 160.

The Average True Range (ATR) for Datadog Inc. is set at 5.99, with the Price to Sales ratio for DDOG stock in the period of the last 12 months amounting to 25.25. The Price to Book ratio for the last quarter was 27.28, with the Price to Cash per share for the same quarter was set at 5.20. Price to Free Cash Flow for DDOG in the course of the last twelve months was 90.23 with Quick ratio for the last quarter at 3.30.

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 -4.29. With this latest performance, DDOG shares gained by 22.84% in over the last four-week period, additionally sinking by -29.54% over the last 6 months – not to mention a drop of -22.28% 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 48.87, with the RSI for the last a single of trading hit 45.46, and the three-weeks RSI is set at 49.94 for Datadog Inc. [DDOG]. The present Moving Average for the last 50 days of trading for this stock 101.58, while it was recorded at 105.06 for the last single week of trading, and 133.20 for the last 200 days.

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

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.

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 56.80%.

Datadog Inc. [DDOG]: Insider Ownership positions

There are presently around $24,492 million, or 80.80% of DDOG stock, in the hands of institutional investors. The top three institutional holders of DDOG stocks are: VANGUARD GROUP INC with ownership of 23,492,399, which is approximately 4.448% of the company’s market cap and around 0.80% of the total institutional ownership; MORGAN STANLEY, holding 18,765,084 shares of the stock with an approximate value of $1.98 billion in DDOG stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.77 billion in DDOG stock with ownership of nearly -0.21% of the company’s market capitalization.

Positions in Datadog Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 386 institutional holders increased their position in Datadog Inc. [NASDAQ:DDOG] by around 32,572,148 shares. Additionally, 315 investors decreased positions by around 25,476,095 shares, while 86 investors held positions by with 174,545,668 shares. The mentioned changes placed institutional holdings at 232,593,911 shares, according to the latest SEC report filing. DDOG stock had 87 new institutional investments in for a total of 14,189,862 shares, while 116 institutional investors sold positions of 8,613,164 shares during the same period.


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