The price of Datadog Inc (NASDAQ:DDOG) shares last traded on Wall Street rose 4.08% to $128.45.
DDOG stock price is now 6.67% away from the 50-day moving average and 5.67% away from the 200-day moving average. The market capitalization of the company currently stands at $43.62B.
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With the price target enhanced from $135 to $145, BMO Capital Markets maintained Outperform rating for Datadog Inc (NASDAQ: DDOG). On November 07, 2024, Monness Crespi & Hardt Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $155, while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, Jacobson Matthew, Director sold 50,444 shares of the company’s stock on Nov 12 ’24. The stock was sold for $6,206,019 at an average price of $123.03. Upon completion of the transaction, the Director now directly owns 676,100 shares in the company, valued at $86.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 11 ’24, Director Jacobson Matthew sold 3,393 shares of the business’s stock. A total of $424,230 was realized by selling the stock at an average price of $125.03. This leaves the insider owning 695,086 shares of the company worth $89.28 million. A total of 12.95% of the company’s stock is owned by insiders.
During the past 12 months, Datadog Inc has had a low of $98.80 and a high of $138.61. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 2.10, and a quick ratio of 2.10. According to the stock market information, the enterprise value for the company is $41356759040, which is based on a 237.78 price-to-earnings ratio, a 11.92 price-to-earnings-growth ratio, and a beta of 1.05. The fifty day moving average price for DDOG is $120.0258 and a two-hundred day moving average price translates $121.550476 for the stock.
The latest earnings results from Datadog Inc (NASDAQ: DDOG) was released for 2024-09-30. The net profit margin was 7.58% and return on equity was 8.66% for DDOG. The company reported revenue of $690.02 million for the quarter, compared to $547.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.02 percent.
