Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $126.95 in the prior trading day, Datadog Inc (NASDAQ: DDOG) closed at $123.55, down -2.68%. In other words, the price has decreased by -$2.68 from its previous closing price. On the day, 3.47 million shares were traded. DDOG stock price reached its highest trading level at $128.09 during the session, while it also had its lowest trading level at $123.44.
Ratios:
Our goal is to gain a better understanding of DDOG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.87 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 64.84. For the most recent quarter (mrq), Quick Ratio is recorded 3.12 and its Current Ratio is at 3.12. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.43.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BMO Capital Markets on January 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $140.
On December 07, 2023, Stifel Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $98 to $140.
On December 05, 2023, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $138.Scotiabank initiated its Sector Outperform rating on December 05, 2023, with a $138 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 11 ’24 when OBSTLER DAVID M sold 15,000 shares for $130.28 per share. The transaction valued at 1,954,228 led to the insider holds 0 shares of the business.
OBSTLER DAVID M sold 15,000 shares of DDOG for $1,954,219 on Apr 11 ’24. The CHIEF FINANCIAL OFFICER now owns 275,191 shares after completing the transaction at $130.28 per share. On Apr 11 ’24, another insider, Walters Sean Michael, who serves as the CHIEF REVENUE OFFICER of the company, sold 10,000 shares for $129.86 each. As a result, the insider received 1,298,609 and left with 162,706 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DDOG now has a Market Capitalization of 41003032576 and an Enterprise Value of 39322484736. As of this moment, Datadog’s Price-to-Earnings (P/E) ratio for their current fiscal year is 953.32, and their Forward P/E ratio for the next fiscal year is 68.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 67.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.26 while its Price-to-Book (P/B) ratio in mrq is 20.20. Its current Enterprise Value per Revenue stands at 18.475 whereas that against EBITDA is 13284.623.
Stock Price History:
The Beta on a monthly basis for DDOG is 1.13, which has changed by 0.8309128 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, DDOG has reached a high of $138.61, while it has fallen to a 52-week low of $62.60. The 50-Day Moving Average of the stock is -2.40%, while the 200-Day Moving Average is calculated to be 12.37%.
Shares Statistics:
The stock has traded on average 4.17M shares per day over the past 3-months and 3108240 shares per day over the last 10 days, according to various share statistics. A total of 305.40M shares are outstanding, with a floating share count of 274.84M. Insiders hold about 17.19% of the company’s shares, while institutions hold 68.05% stake in the company. Shares short for DDOG as of 1711584000 were 9745526 with a Short Ratio of 2.34, compared to 1709164800 on 10231035. Therefore, it implies a Short% of Shares Outstanding of 9745526 and a Short% of Float of 3.46.
