Datadog Inc [NASDAQ: DDOG] stock went on a downward path that fall over -7.35% on Wednesday, amounting to a one-week price decrease of less than -4.06%.
Over the last 12 months, DDOG stock rose by 7.44%. The one-year Datadog Inc stock forecast points to a potential upside of 16.57. The average equity rating for DDOG stock is currently 1.57, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $40.53 billion, with 305.40 million shares outstanding and 279.00 million shares in the current float. Compared to the average trading volume of 4.05M shares, DDOG stock reached a trading volume of 6797770 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $145.22 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 1.57. 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 Outperform, with their previous recommendation back on July 16, 2024. While these analysts kept the previous recommendation, Evercore ISI raised their target price to Outperform. The new note on the price target was released on July 15, 2024, representing the official price target for Datadog Inc stock. Previously, the target price had yet another drop from $290 to $240, while Monness Crespi & Hardt kept a Sell rating on DDOG stock. On May 30, 2024, analysts increased their price target for DDOG shares from 143 to 155.
The Average True Range (ATR) for Datadog Inc is set at 4.34, with the Price to Sales ratio for DDOG stock in the period of the last 12 months amounting to 17.95. The Price to Book ratio for the last quarter was 18.37, with the Price to Cash per share for the same quarter was set at 8.32. Price to Free Cash Flow for DDOG in the course of the last twelve months was 57.45 with Quick ratio for the last quarter at 3.38.
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 -4.06. With this latest performance, DDOG shares gained by 2.82% in over the last four-week period, additionally sinking by -2.12% over the last 6 months – not to mention a rise of 7.44% 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 43.98, with the RSI for the last a single of trading hit 37.62, and the three-weeks RSI is set at 46.90 for Datadog Inc [DDOG]. The present Moving Average for the last 50 days of trading for this stock 120.75, while it was recorded at 127.27 for the last single week of trading, and 117.10 for the last 200 days.
Insight into Datadog Inc Fundamentals:
Datadog Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.38 and a Current Ratio set at 3.38.
DDOG Stock EPS
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 16.00%.
Datadog Inc [DDOG] Institutonal Ownership Details
The top three institutional holders of DDOG stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in DDOG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in DDOG stock with ownership which is approximately 5.1238%.
