Datadog Inc. [DDOG] is 7.07% higher this YTD. Is it still time to buy?

Datadog Inc. [NASDAQ: DDOG] price plunged by -1.58 percent to reach at -$1.26. The company report on February 16, 2023 that Datadog Announces Fourth Quarter and Fiscal Year 2022 Financial Results.

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Fourth quarter revenue grew 44% year-over-year to $469 million.

Strong growth of larger customers, with 317 $1 million+ ARR customers, up from 216 a year ago.

A sum of 3275800 shares traded at recent session while its average daily volume was at 4.79M shares. Datadog Inc. shares reached a high of $81.50 and dropped to a low of $77.20 until finishing in the latest session at $78.70.

The one-year DDOG stock forecast points to a potential upside of 23.61. The average equity rating for DDOG stock is currently 1.90, trading closer to a bullish pattern in the stock market.

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 $103.03 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 1.90. 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.

CapitalOne have made an estimate for Datadog Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 17, 2023. The new note on the price target was released on February 06, 2023, representing the official price target for Datadog Inc. stock.

The Average True Range (ATR) for Datadog Inc. is set at 4.52, with the Price to Sales ratio for DDOG stock in the period of the last 12 months amounting to 15.38. The Price to Book ratio for the last quarter was 19.29, with the Price to Cash per share for the same quarter was set at 5.39. Price to Free Cash Flow for DDOG in the course of the last twelve months was 67.40 with Quick ratio for the last quarter at 3.20.

DDOG Stock Performance Analysis:

Datadog Inc. [DDOG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.29. With this latest performance, DDOG shares gained by 6.80% in over the last four-week period, additionally sinking by -23.58% over the last 6 months – not to mention a drop of -50.48% 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 49.82, with the RSI for the last a single of trading hit 46.80, and the three-weeks RSI is set at 50.74 for Datadog Inc. [DDOG]. The present Moving Average for the last 50 days of trading for this stock 75.56, while it was recorded at 79.93 for the last single week of trading, and 88.30 for the last 200 days.

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 -3.50 and a Gross Margin at +79.25. Datadog Inc.’s Net Margin is presently recorded at -2.99.

Return on Equity for this stock declined to -4.09, with Return on Assets sitting at -1.86.

Datadog Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.20 and a Current Ratio set at 3.20.


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 34.59%.

Datadog Inc. [DDOG] Insider Position Details

There are presently around $18,222 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 24,572,643, which is approximately 1.763% of the company’s market cap and around 0.70% of the total institutional ownership; MORGAN STANLEY, holding 16,944,701 shares of the stock with an approximate value of $1.33 billion in DDOG stocks shares; and BLACKROCK INC., currently with $1.19 billion in DDOG stock with ownership of nearly 2.145% of the company’s market capitalization.

Positions in Datadog Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 371 institutional holders increased their position in Datadog Inc. [NASDAQ:DDOG] by around 23,139,137 shares. Additionally, 317 investors decreased positions by around 22,800,196 shares, while 81 investors held positions by with 185,603,248 shares. The mentioned changes placed institutional holdings at 231,542,581 shares, according to the latest SEC report filing. DDOG stock had 105 new institutional investments in for a total of 2,800,298 shares, while 92 institutional investors sold positions of 5,189,695 shares during the same period.


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