Datadog Inc (NASDAQ: DDOG) closed the day trading at $130.22 down -0.94% from the previous closing price of $131.46. In other words, the price has decreased by -$1.24 from its previous closing price. On the day, 3467969 shares were traded.
Ratios:
For a better understanding of DDOG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 68.34. 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 Feb 26 when Pomel Olivier sold 19,226 shares for $130.06 per share. The transaction valued at 2,500,553 led to the insider holds 299,075 shares of the business.
Agarwal Amit sold 128 shares of DDOG for $16,663 on Feb 16. The PRESIDENT now owns 247,071 shares after completing the transaction at $130.18 per share. On Feb 12, another insider, Le-Quoc Alexis, who serves as the CHIEF TECHNOLOGY OFFICER of the company, sold 127,105 shares for $135.10 each. As a result, the insider received 17,171,396 and left with 247,328 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 43.22B and an Enterprise Value of 41.54B. As of this moment, Datadog’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1004.78, and their Forward P/E ratio for the next fiscal year is 72.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 70.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.30 while its Price-to-Book (P/B) ratio in mrq is 21.29. Its current Enterprise Value per Revenue stands at 19.52 whereas that against EBITDA is 374.19.
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 126.16, while the 200-Day Moving Average is calculated to be 105.48.
Shares Statistics:
Over the past 3-months, DDOG traded about 4.29M shares per day on average, while over the past 10 days, DDOG traded about 3.5M shares per day. A total of 305.40M shares are outstanding, with a floating share count of 274.50M. Insiders hold about 17.29% of the company’s shares, while institutions hold 68.07% stake in the company. Shares short for DDOG as of Feb 15, 2024 were 11.77M with a Short Ratio of 2.75, compared to 11.04M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.55% and a Short% of Float of 4.18%.
Earnings Estimates
Current recommendations for the stock of the company come from 35 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 $619.79M, 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 36 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 37 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.
