Datadog Inc [NASDAQ: DDOG] stock went on an upward path that rose over 0.17% on Thursday, amounting to a one-week price decrease of less than -2.97%.
Over the last 12 months, DDOG stock rose by 39.61%. The one-year Datadog Inc stock forecast points to a potential upside of 14.73. The average equity rating for DDOG stock is currently 1.45, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $42.56 billion, with 305.40 million shares outstanding and 293.74 million shares in the current float. Compared to the average trading volume of 3.27M shares, DDOG stock reached a trading volume of 2492056 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 $148.03 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 1.45. 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.
Exane BNP Paribas have made an estimate for Datadog Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 08, 2024. While these analysts kept the previous recommendation, DA Davidson raised their target price from $115 to $140. The new note on the price target was released on October 01, 2024, representing the official price target for Datadog Inc stock.
The Average True Range (ATR) for Datadog Inc is set at 3.25, with the Price to Sales ratio for DDOG stock in the period of the last 12 months amounting to 17.78. The Price to Book ratio for the last quarter was 17.66, 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 59.55 with Quick ratio for the last quarter at 1.98.
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 -2.97. With this latest performance, DDOG shares gained by 11.52% in over the last four-week period, additionally plugging by 0.96% over the last 6 months – not to mention a rise of 39.61% 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 64.24, with the RSI for the last a single of trading hit 64.43, and the three-weeks RSI is set at 61.64 for Datadog Inc [DDOG]. The present Moving Average for the last 50 days of trading for this stock 116.22, while it was recorded at 127.61 for the last single week of trading, and 121.31 for the last 200 days.
Insight into Datadog Inc 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.
DDOG Stock EPS
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 19.02%.
Datadog Inc [DDOG] Institutonal Ownership Details
There are presently around $82.44%, or 85.09%% 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%.
