The stock of Datadog Inc (NASDAQ:DDOG) last traded at $110.18, down -6.19% from the previous session.
DDOG stock price is now -10.50% away from the 50-day moving average and -2.21% away from the 200-day moving average. The market capitalization of the company currently stands at $36.86B.
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With the price target enhanced from $143 to $155, BofA Securities Upgraded its rating from Neutral to Buy for Datadog Inc (NASDAQ: DDOG). On May 08, 2024, Robert W. Baird Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $130 to quote $140, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, De Madre Armelle, CHIEF PEOPLE OFFICER sold 300 shares of the company’s stock on May 23 ’24. The stock was sold for $37,500 at an average price of $125.00. Upon completion of the transaction, the CHIEF PEOPLE OFFICER now directly owns 99,965 shares in the company, valued at $11.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’24, CHIEF TECHNOLOGY OFFICER Le-Quoc Alexis sold 127,105 shares of the business’s stock. A total of $15,064,999 was realized by selling the stock at an average price of $118.52. This leaves the insider owning 290,412 shares of the company worth $32.0 million. A total of 16.60% of the company’s stock is owned by insiders.
During the past 12 months, Datadog Inc has had a low of $77.81 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 3.38. According to the stock market information, the enterprise value for the company is $35031277568, which is based on a 339.22 price-to-earnings ratio, a 21.20 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for DDOG is $122.8438 and a two-hundred day moving average price translates $112.78375 for the stock.
The latest earnings results from Datadog Inc (NASDAQ: DDOG) was released for 2024-03-31. According to the Software – Application Company, earnings per share came in at 0.36, beating analysts’ expectations of 0.28 by 0.08. This compares to -$0.08 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 $611.25 million for the quarter, compared to $481.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.89 percent. For the current quarter, analysts expect DDOG to generate $624.45M in revenue.
