The price of Datadog Inc (NASDAQ:DDOG) shares last traded on Wall Street fell -11.48% to $112.40.
DDOG stock price is now -10.12% away from the 50-day moving average and 0.91% away from the 200-day moving average. The market capitalization of the company currently stands at $37.55B.
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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, Pomel Olivier, CHIEF EXECUTIVE OFFICER sold 24,518 shares of the company’s stock on Apr 24 ’24. The stock was sold for $3,189,238 at an average price of $130.08. Upon completion of the transaction, the CHIEF EXECUTIVE OFFICER now directly owns 337,247 shares in the company, valued at $37.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 23 ’24, CHIEF EXECUTIVE OFFICER Pomel Olivier sold 23,924 shares of the business’s stock. A total of $3,111,398 was realized by selling the stock at an average price of $130.05. This leaves the insider owning 337,247 shares of the company worth $37.91 million. A total of 17.14% of the company’s stock is owned by insiders.
During the past 12 months, Datadog Inc has had a low of $75.02 and a high of $138.61. As of last week, the company has a debt-to-equity ratio of 0.43, a current ratio of 3.38, and a quick ratio of 3.12.
According to the Software – Application Company, earnings per share came in at 0.28, beating analysts’ expectations of 0.24 by 0.04. This compares to -$0.09 EPS in the same period last year. The net profit margin was 5.11% and return on equity was 6.21% 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. For the current quarter, analysts expect DDOG to generate $591.27M in revenue.
