The stock of Datadog Inc (NASDAQ:DDOG) last traded at $127.07, up 0.50% from the previous session.
DDOG stock price is now 1.02% away from the 50-day moving average and 14.91% away from the 200-day moving average. The market capitalization of the company currently stands at $42.17B.
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With the price target enhanced from $130 to $150, Wells Fargo Upgraded its rating from Equal Weight to Overweight for Datadog Inc (NASDAQ: DDOG). On January 16, 2024, BMO Capital Markets recently initiated its ‘Outperform’ rating on the stock quoting a target price of $140, while ‘Stifel’ rates the stock as ‘Buy’
In other news, OBSTLER DAVID M, CHIEF FINANCIAL OFFICER sold 15,000 shares of the company’s stock on Apr 11 ’24. The stock was sold for $1,954,228 at an average price of $130.28. Upon completion of the transaction, the CHIEF FINANCIAL OFFICER now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 11 ’24, CHIEF FINANCIAL OFFICER OBSTLER DAVID M sold 15,000 shares of the business’s stock. A total of $1,954,219 was realized by selling the stock at an average price of $130.28. This leaves the insider owning 275,191 shares of the company worth $34.97 million. A total of 17.19% of the company’s stock is owned by insiders.
During the past 12 months, Datadog Inc has had a low of $62.60 and a high of $138.61. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 3.12, and a quick ratio of 3.12.
The net profit margin was 2.28% and return on equity was 2.83% for DDOG. The company reported revenue of $589.65 million for the quarter, compared to $469.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.62 percent.
