Stocks of Datadog Inc (NASDAQ:DDOG) traded higher last session on Wall Street, down -2.18% to $146.93.
DDOG stock price is now 6.12% away from the 50-day moving average and 18.38% away from the 200-day moving average. The market capitalization of the company currently stands at $49.92B.
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
With the price target of $200, Macquarie recently initiated with Outperform rating for Datadog Inc (NASDAQ: DDOG). On November 08, 2024, BMO Capital Markets reiterated its ‘Outperform’ rating on the stock by increasing its target price from $135 to quote $145, while ‘Monness Crespi & Hardt’ rates the stock as ‘Buy’
In other news, OLIVIER POMEL, Director bought 19,226 shares of the company’s stock on Dec 18 ’24. The stock was bought for $3,016,752 at an average price of $156.91. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Director Shah Shardul sold 7,916 shares of the business’s stock. A total of $1,228,956 was realized by selling the stock at an average price of $155.25. This leaves the insider owning 435,701 shares of the company worth $64.02 million. A total of 11.33% 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 $170.08. 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 $47685799936, which is based on a 271.99 price-to-earnings ratio, a 13.01 price-to-earnings-growth ratio, and a beta of 1.13. The fifty day moving average price for DDOG is $138.0212 and a two-hundred day moving average price translates $124.007675 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.
