In yesterday’s Wall Street session, Datadog Inc (NASDAQ:DDOG) shares traded at $128.45, up 4.27% from the previous session.
DDOG stock price is now 7.26% away from the 50-day moving average and 12.14% away from the 200-day moving average. The market capitalization of the company currently stands at $42.97B.
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With the price target reduced from $290 to $240, Monness Crespi & Hardt Downgraded its rating from Neutral to Sell for Datadog Inc (NASDAQ: DDOG). On May 30, 2024, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $143 to quote $155, while ‘Robert W. Baird’ rates the stock as ‘Outperform’
In other news, Acocella Kerry, General Counsel and Secretary sold 1,846 shares of the company’s stock on Jun 26 ’24. The stock was sold for $222,028 at an average price of $120.28. Upon completion of the transaction, the General Counsel and Secretary now directly owns 80,084 shares in the company, valued at $10.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 25 ’24, General Counsel and Secretary Acocella Kerry sold 3,857 shares of the business’s stock. A total of $462,963 was realized by selling the stock at an average price of $120.03. This leaves the insider owning 81,930 shares of the company worth $10.52 million. A total of 16.59% 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 $41142571008, which is based on a 395.47 price-to-earnings ratio, a 24.72 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for DDOG is $119.7906 and a two-hundred day moving average price translates $114.68035 for the stock.
The latest earnings results from Datadog Inc (NASDAQ: DDOG) was released for 2024-03-31. 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.
