Datadog Inc [DDOG] is 8.02% higher this YTD. Is it still time to buy?

Datadog Inc [NASDAQ: DDOG] traded at a high on Thursday, posting a 4.20 gain after which it closed the day’ session at $131.12. The company report on February 13, 2024 at 7:00 AM that Datadog Announces Fourth Quarter and Fiscal Year 2023 Financial Results.

Fourth quarter revenue grew 26% year-over-year to $590 million.

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Strong growth of larger customers, with 396 $1 million+ ARR customers, up from 317 a year ago.

The results of the trading session contributed to over 4297821 shares changing hands. Over the past one week, the price volatility of Datadog Inc stands at 3.14% while the volatility over the past one month is 4.04%.

The market cap for DDOG stock reached $43.08 billion, with 293.57 million shares outstanding and 273.97 million shares in the current float. Compared to the average trading volume of 4.28M shares, DDOG reached a trading volume of 4297821 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $148.57 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 1.75. 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.

BMO Capital Markets have made an estimate for Datadog Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 16, 2024. While these analysts kept the previous recommendation, Stifel dropped their target price from $98 to $140. The new note on the price target was released on December 07, 2023, representing the official price target for Datadog Inc stock. Previously, the target price had yet another raise to $138, while Scotiabank analysts kept a Sector Outperform rating on DDOG stock.

The Average True Range (ATR) for Datadog Inc is set at 5.47, with the Price to Sales ratio for DDOG stock in the period of the last 12 months amounting to 20.24. The Price to Book ratio for the last quarter was 23.83, with the Price to Cash per share for the same quarter was set at 7.86. Price to Free Cash Flow for DDOG in the course of the last twelve months was 68.12 with Quick ratio for the last quarter at 3.30.

How has DDOG stock performed recently?

Datadog Inc [DDOG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.69. With this latest performance, DDOG shares gained by 1.64% in over the last four-week period, additionally plugging by 39.95% over the last 6 months – not to mention a rise of 66.99% 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 54.00, with the RSI for the last a single of trading hit 53.01, and the three-weeks RSI is set at 55.11 for Datadog Inc [DDOG]. The present Moving Average for the last 50 days of trading for this stock 124.79, while it was recorded at 129.24 for the last single week of trading, and 104.10 for the last 200 days.

Datadog Inc [DDOG]: Deeper insight into the fundamentals

Datadog Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 3.12.

Earnings analysis for Datadog Inc [DDOG]

With the latest financial reports released by the company, Datadog Inc posted 0.28/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.70%. 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 14.20%.

Insider trade positions for Datadog Inc [DDOG]

The top three institutional holders of DDOG stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in DDOG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in DDOG stock with ownership which is approximately 5.8325%.