Datadog Inc. [DDOG] Stock trading around $66.77 per share: What’s Next?

Datadog Inc. [NASDAQ: DDOG] gained 1.26% or 0.83 points to close at $66.77 with a heavy trading volume of 3606400 shares. The company report on December 15, 2022 that Datadog Named a Leader in AIOps by Independent Research Firm.

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Analyst report evaluated Datadog as a leader based on the strength of its current offering and its strategy.

Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, today announced it has been named a Leader in The Forrester Wave™: Artificial Intelligence For IT Operations, Q4 2022. The research identifies, evaluates and scores the 11 top vendors offering products with AIOps capabilities. The Forrester report stated that Datadog leads the pack in data insights and visualizations.

It opened the trading session at $65.22, the shares rose to $66.88 and dropped to $63.56, the range by which the price of stock traded the whole day. The daily chart for DDOG points out that the company has recorded -31.39% loss over the past six months. However, it is still -8.85% lower than its most recent low trading price.

If we look at the average trading volume of 4.64M shares, DDOG reached to a volume of 3606400 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 $109.97 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 1.80. 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.

Wedbush have made an estimate for Datadog Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 15, 2022. The new note on the price target was released on December 14, 2022, representing the official price target for Datadog Inc. stock.

The Average True Range (ATR) for Datadog Inc. is set at 4.05, with the Price to Sales ratio for DDOG stock in the period of the last 12 months amounting to 13.70. The Price to Book ratio for the last quarter was 16.37, with the Price to Cash per share for the same quarter was set at 5.62. Price to Free Cash Flow for DDOG in the course of the last twelve months was 53.52 with Quick ratio for the last quarter at 3.20.

Trading performance analysis for DDOG stock

Datadog Inc. [DDOG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.38. With this latest performance, DDOG shares dropped by -9.79% in over the last four-week period, additionally sinking by -31.39% over the last 6 months – not to mention a drop of -53.56% 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 40.35, with the RSI for the last a single of trading hit 38.66, and the three-weeks RSI is set at 41.75 for Datadog Inc. [DDOG]. The present Moving Average for the last 50 days of trading for this stock 74.26, while it was recorded at 65.86 for the last single week of trading, and 96.67 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 3.20 and a Current Ratio set at 3.20.

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 47.01%.

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

There are presently around $15,262 million, or 80.70% of DDOG stock, in the hands of institutional investors. The top three institutional holders of DDOG stocks are: VANGUARD GROUP INC with ownership of 24,146,835, which is approximately 2.786% of the company’s market cap and around 0.70% of the total institutional ownership; MORGAN STANLEY, holding 17,408,725 shares of the stock with an approximate value of $1.16 billion in DDOG stocks shares; and BLACKROCK INC., currently with $985.95 million in DDOG stock with ownership of nearly 2.568% of the company’s market capitalization.

Positions in Datadog Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 368 institutional holders increased their position in Datadog Inc. [NASDAQ:DDOG] by around 29,229,450 shares. Additionally, 289 investors decreased positions by around 31,567,652 shares, while 91 investors held positions by with 167,773,342 shares. The mentioned changes placed institutional holdings at 228,570,444 shares, according to the latest SEC report filing. DDOG stock had 86 new institutional investments in for a total of 4,021,883 shares, while 88 institutional investors sold positions of 5,348,502 shares during the same period.


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