The price of Datadog Inc (NASDAQ:DDOG) shares last traded on Wall Street rose 1.91% to $116.33.
DDOG stock price is now -2.28% away from the 50-day moving average and -2.83% away from the 200-day moving average. The market capitalization of the company currently stands at $38.91B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On August 01, 2024, BTIG Research Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $143, while ‘Mizuho’ rates the stock as ‘Outperform’
In other news, Le-Quoc Alexis, Chief Technology Officer sold 127,105 shares of the company’s stock on Aug 12 ’24. The stock was sold for $14,192,586 at an average price of $111.66. Upon completion of the transaction, the Chief Technology Officer now directly owns 347,684 shares in the company, valued at $40.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, Director ALEXIS T LEQUOC bought 127,105 shares of the business’s stock. A total of $14,271,349 was incurred on buying the stock at an average price of $112.28. A total of 12.97% 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 0.40, a current ratio of 1.98, and a quick ratio of 1.98. According to the stock market information, the enterprise value for the company is $36488196096, which is based on a 252.89 price-to-earnings ratio, a 15.81 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for DDOG is $119.0427 and a two-hundred day moving average price translates $119.715576 for the stock.
The latest earnings results from Datadog Inc (NASDAQ: DDOG) was released for 2024-06-30. The net profit margin was 6.81% and return on equity was 8.04% for DDOG. The company reported revenue of $645.28 million for the quarter, compared to $509.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.66 percent.
