After finishing at $121.51 in the prior trading day, Datadog Inc (NASDAQ: DDOG) closed at $120.72, down -0.65%. In other words, the price has decreased by -$0.79 from its previous closing price. On the day, 2731511 shares were traded. DDOG stock price reached its highest trading level at $125.56 during the session, while it also had its lowest trading level at $120.56.
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 15.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 63.35. 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 01 ’24 when Pomel Olivier sold 85,637 shares for $122.96 per share. The transaction valued at 10,529,838 led to the insider holds 337,247 shares of the business.
OBSTLER DAVID M sold 3,833 shares of DDOG for $480,524 on Mar 21 ’24. The CHIEF FINANCIAL OFFICER now owns 0 shares after completing the transaction at $125.36 per share. On Mar 21 ’24, another insider, OBSTLER DAVID M, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 3,732 shares for $125.36 each. As a result, the insider received 467,852 and left with 275,191 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 40.08B and an Enterprise Value of 38.40B. As of this moment, Datadog’s Price-to-Earnings (P/E) ratio for their current fiscal year is 931.48, and their Forward P/E ratio for the next fiscal year is 67.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 65.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.82 while its Price-to-Book (P/B) ratio in mrq is 19.73. Its current Enterprise Value per Revenue stands at 18.04 whereas that against EBITDA is 345.97.
Stock Price History:
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 126.71, while the 200-Day Moving Average is calculated to be 108.56.
Shares Statistics:
The stock has traded on average 4.24M shares per day over the past 3-months and 2.16M 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 68.23% stake in the company. Shares short for DDOG as of Mar 15, 2024 were 8.54M with a Short Ratio of 2.01, compared to 11.77M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.57% and a Short% of Float of 3.03%.
Earnings Estimates
Its stock is currently analyzed by 35 different market analysts. On average, analysts expect EPS of $0.35 for the current quarter, with a high estimate of $0.48 and a low estimate of $0.33, while EPS last year was $0.28. The consensus estimate for the next quarter is $0.35, with high estimates of $0.5 and low estimates of $0.31.
Analysts are recommending an EPS of between $2.08 and $1.38 for the fiscal current year, implying an average EPS of $1.47. EPS for the following year is $1.85, with 36 analysts recommending between $2.89 and $1.59.
Revenue Estimates
33 analysts predict $591.08M in revenue for the current quarter. It ranges from a high estimate of $617.04M to a low estimate of $587.3M. As of the current estimate, Datadog Inc’s year-ago sales were $481.71M, an estimated increase of 22.70% from the year-ago figure. For the next quarter, 34 analysts are estimating revenue of $620.09M, an increase of 21.70% less than the figure of $22.70% in the same quarter last year. There is a high estimate of $662.62M for the next quarter, whereas the lowest estimate is $610.5M.
A total of 37 analysts have provided revenue estimates for DDOG’s current fiscal year. The highest revenue estimate was $2.79B, while the lowest revenue estimate was $2.56B, resulting in an average revenue estimate of $2.58B. In the same quarter a year ago, actual revenue was $2.13B, up 21.20% from the average estimate. Based on 38 analysts’ estimates, the company’s revenue will be $3.18B in the next fiscal year. The high estimate is $3.71B and the low estimate is $3B. The average revenue growth estimate for next year is up 23.30% from the average revenue estimate for this year.
