In yesterday’s Wall Street session, Datadog Inc (NASDAQ:DDOG) shares traded at $118.82, down -1.93% from the previous session.
DDOG stock price is now -1.60% away from the 50-day moving average and 1.47% away from the 200-day moving average. The market capitalization of the company currently stands at $39.75B.
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With the price target enhanced from $135 to $155, Mizuho Upgraded its rating from Neutral to Outperform for Datadog Inc (NASDAQ: DDOG). On July 15, 2024, Evercore ISI recently initiated its ‘Outperform’ rating on the stock quoting a target price of $150, while ‘Monness Crespi & Hardt’ rates the stock as ‘Sell’
In other news, Pomel Olivier, Chief Executive Officer sold 200,993 shares of the company’s stock on Jul 08 ’24. The stock was sold for $26,331,321 at an average price of $131.01. Upon completion of the transaction, the Chief Executive Officer now directly owns 324,539 shares in the company, valued at $38.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 01 ’24, Chief Technology Officer Le-Quoc Alexis sold 127,105 shares of the business’s stock. A total of $16,619,448 was realized by selling the stock at an average price of $130.75. This leaves the insider owning 279,025 shares of the company worth $33.15 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 $37921345536, which is based on a 365.83 price-to-earnings ratio, a 22.86 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for DDOG is $121.1085 and a two-hundred day moving average price translates $118.69862 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.
