Datadog Inc [NASDAQ: DDOG] gained 0.48% on the last trading session, reaching $105.47 price per share at the time.
If compared to the average trading volume of 4.11M shares, DDOG reached a trading volume of 4619636 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $144.75 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 1.53. 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.
BTIG Research have made an estimate for Datadog Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 01, 2024. While these analysts kept the previous recommendation, Mizuho raised their target price from $135 to $155. The new note on the price target was released on July 16, 2024, representing the official price target for Datadog Inc stock. Previously, the target price had yet another raise to $150, while Evercore ISI analysts kept a Outperform rating on DDOG stock. On June 14, 2024, analysts decreased their price target for DDOG shares from 290 to 240.
The Average True Range (ATR) for Datadog Inc is set at 4.67, with the Price to Sales ratio for DDOG stock in the period of the last 12 months amounting to 15.63. The Price to Book ratio for the last quarter was 15.99, 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 50.01 with Quick ratio for the last quarter at 3.38.
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 -8.03. With this latest performance, DDOG shares dropped by -20.34% in over the last four-week period, additionally sinking by -19.57% over the last 6 months – not to mention a drop of -1.92% 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 30.63, with the RSI for the last a single of trading hit 24.93, and the three-weeks RSI is set at 34.98 for Datadog Inc [DDOG]. The present Moving Average for the last 50 days of trading for this stock 119.63, while it was recorded at 109.45 for the last single week of trading, and 118.89 for the last 200 days.
Datadog Inc [DDOG]: A deeper dive into fundamental analysis
Datadog Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.38 and a Current Ratio set at 3.38.
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 16.00%.
An analysis of Institutional ownership at Datadog Inc [DDOG]
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%.
