In yesterday’s Wall Street session, Datadog Inc (NASDAQ:DDOG) shares traded at $129.79, up 1.12% from the previous session.
DDOG stock price is now 8.63% away from the 50-day moving average and 6.76% away from the 200-day moving average. The market capitalization of the company currently stands at $43.76B.
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With the price target maintained at $155, Monness Crespi & Hardt recently Upgraded its rating from Neutral to Buy for Datadog Inc (NASDAQ: DDOG). On October 25, 2024, BMO Capital Markets reiterated its ‘Outperform’ rating on the stock by increasing its target price from $132 to quote $135, while ‘UBS’ rates the stock as ‘Buy’
In other news, Pomel Olivier, Chief Executive Officer sold 85,637 shares of the company’s stock on Nov 04 ’24. The stock was sold for $10,734,092 at an average price of $125.34. Upon completion of the transaction, the Chief Executive Officer now directly owns 392,111 shares in the company, valued at $50.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 04 ’24, Director OLIVIER POMEL bought 85,637 shares of the business’s stock. A total of $10,555,617 was incurred on buying the stock at an average price of $123.26. A total of 12.87% of the company’s stock is owned by insiders.
During the past 12 months, Datadog Inc has had a low of $96.17 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 $41275756544, which is based on a 282.15 price-to-earnings ratio, a 14.83 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for DDOG is $119.1524 and a two-hundred day moving average price translates $121.538376 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.
