Datadog Inc [NASDAQ: DDOG] closed the trading session at $109.02 on 11/14/23. The day’s price range saw the stock hit a low of $104.40, while the highest price level was $109.19. The company report on November 8, 2023 at 4:05 PM that Datadog Expands Strategic Partnership with Google Cloud and Integrates with Vertex AI.
New Vertex AI integration gives developers full observability on the prediction performance and resource utilization of their custom AI/ML models.
Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, today announced an expanded strategic partnership with Google Cloud, which enables Google Cloud customers to proactively observe and secure their cloud-native and hybrid applications within Datadog’s unified platform. As part of the expanded partnership and integrations, Datadog is one of the first AI/ML observability solution partners for Vertex AI, allowing AI ops teams and developers to monitor, analyze and optimize the performance of their machine learning models in production.
The stocks have a year to date performance of 48.33 percent and weekly performance of 6.67 percent. The stock has been moved at 23.79 percent over the last six months. The stock has performed 20.44 percent around the most recent 30 days and changed 20.33 percent over the most recent 3-months.
If compared to the average trading volume of 4.27M shares, DDOG reached to a volume of 5816309 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 $115.62 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 1.87. 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.
Mizuho have made an estimate for Datadog Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 08, 2023.
The Average True Range (ATR) for Datadog Inc is set at 4.78, with the Price to Sales ratio for DDOG stock in the period of the last 12 months amounting to 17.83. The Price to Book ratio for the last quarter was 19.81, with the Price to Cash per share for the same quarter was set at 7.13. Price to Free Cash Flow for DDOG in the course of the last twelve months was 67.95 with Quick ratio for the last quarter at 3.30.
DDOG stock trade performance evaluation
Datadog Inc [DDOG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.67. With this latest performance, DDOG shares gained by 20.44% in over the last four-week period, additionally plugging by 23.79% over the last 6 months – not to mention a rise of 32.39% 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 72.03, with the RSI for the last a single of trading hit 78.54, and the three-weeks RSI is set at 66.93 for Datadog Inc [DDOG]. The present Moving Average for the last 50 days of trading for this stock 90.87, while it was recorded at 103.43 for the last single week of trading, and 87.46 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 -3.50 and a Gross Margin at +79.25. Datadog Inc’s Net Margin is presently recorded at -2.99.
Return on Total Capital for DDOG is now -2.87, given the latest momentum, and Return on Invested Capital for the company is -2.47. Return on Equity for this stock declined to -4.09, with Return on Assets sitting at -1.86. When it comes to the capital structure of this company, Datadog Inc [DDOG] has a Total Debt to Total Equity ratio set at 59.38. Additionally, DDOG Total Debt to Total Capital is recorded at 37.26, with Total Debt to Total Assets ending up at 27.87. Long-Term Debt to Equity for the company is recorded at 57.81, with the Long-Term Debt to Total Capital now at 36.27.
Reflecting on the efficiency of the workforce at the company, Datadog Inc [DDOG] managed to generate an average of -$10,450 per employee. Receivables Turnover for the company is 4.96 with a Total Asset Turnover recorded at a value of 0.62.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 33.30%.
Datadog Inc [DDOG]: Institutional Ownership
The top three institutional holders of DDOG stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in DDOG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in DDOG stock with ownership which is approximately 5.7994%.
