Datadog Inc [NASDAQ: DDOG] jumped around 1.4 points on Wednesday, while shares priced at $109.52 at the close of the session, up 1.29%.
Compared to the average trading volume of 3.55M shares, DDOG reached a trading volume of 4295789 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $144.73 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 1.51. 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.
Monness Crespi & Hardt have made an estimate for Datadog Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 07, 2024. The new note on the price target was released on August 01, 2024, representing the official price target for Datadog Inc stock. Previously, the target price had yet another raise from $135 to $155, while Mizuho kept a Outperform rating on DDOG stock.
The Average True Range (ATR) for Datadog Inc is set at 3.44, with the Price to Sales ratio for DDOG stock in the period of the last 12 months amounting to 15.43. The Price to Book ratio for the last quarter was 15.32, with the Price to Cash per share for the same quarter was set at 8.78. Price to Free Cash Flow for DDOG in the course of the last twelve months was 51.67 with Quick ratio for the last quarter at 1.98.
How has DDOG stock performed recently?
Datadog Inc [DDOG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.80. With this latest performance, DDOG shares dropped by -2.35% in over the last four-week period, additionally sinking by -10.95% over the last 6 months – not to mention a rise of 7.50% 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 42.57, with the RSI for the last a single of trading hit 41.98, and the three-weeks RSI is set at 43.43 for Datadog Inc [DDOG]. The present Moving Average for the last 50 days of trading for this stock 117.36, while it was recorded at 108.53 for the last single week of trading, and 121.25 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 1.98 and a Current Ratio set at 1.98.
Earnings analysis for Datadog Inc [DDOG]
With the latest financial reports released by the company, Datadog Inc posted 0.45/share EPS, while the average EPS was predicted by analysts to be reported at 0.34/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.11. 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 15.00%.
Insider trade positions for Datadog Inc [DDOG]
There are presently around $82.39%, or 88.61%% of DDOG stock, in the hands of institutional investors. The top three institutional holders of DDOG stocks are: VANGUARD GROUP INC with ownership of 28.52 million shares, which is approximately 8.5962%. BLACKROCK INC., holding 20.06 million shares of the stock with an approximate value of $$2.6 billion in DDOG stocks shares; and BLACKROCK INC., currently with $$1.23 billion in DDOG stock with ownership which is approximately 2.8611%.
