In yesterday’s Wall Street session, Datadog Inc (NASDAQ:DDOG) shares traded at $151.96, down -1.57% from the previous session.
DDOG stock price is now 19.90% away from the 50-day moving average and 24.47% away from the 200-day moving average. The market capitalization of the company currently stands at $50.81B.
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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, AMIT AGARWAL, Officer bought 25,000 shares of the company’s stock on Nov 27 ’24. The stock was bought for $3,859,750 at an average price of $154.39. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, Chief Executive Officer Pomel Olivier sold 115,356 shares of the business’s stock. A total of $18,020,583 was realized by selling the stock at an average price of $156.22. This leaves the insider owning 392,746 shares of the company worth $59.68 million. A total of 11.39% 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 $157.48. 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 $49394606080, which is based on a 281.30 price-to-earnings ratio, a 12.79 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for DDOG is $125.966 and a two-hundred day moving average price translates $121.97987 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.
