The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
In the latest session, Datadog Inc (NASDAQ: DDOG) closed at $112.40 down -11.48% from its previous closing price of $126.97. In other words, the price has decreased by -$11.48 from its previous closing price. On the day, 21.71 million shares were traded. DDOG stock price reached its highest trading level at $116.35 during the session, while it also had its lowest trading level at $110.342.
Ratios:
For a deeper understanding of Datadog Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 53.23. For the most recent quarter (mrq), Quick Ratio is recorded 3.12 and its Current Ratio is at 3.38. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.42.
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 the company, Wells Fargo on April 23, 2024, Upgraded its rating to Overweight and sets its target price to $150 from $130 previously.
On January 16, 2024, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $140.
Stifel Upgraded its Hold to Buy on December 07, 2023, whereas the target price for the stock was revised from $98 to $140.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 24 ’24 when Pomel Olivier sold 24,518 shares for $130.08 per share. The transaction valued at 3,189,238 led to the insider holds 337,247 shares of the business.
Pomel Olivier sold 23,924 shares of DDOG for $3,111,398 on Apr 23 ’24. The CHIEF EXECUTIVE OFFICER now owns 337,247 shares after completing the transaction at $130.05 per share. On Apr 11 ’24, another insider, OBSTLER DAVID M, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 15,000 shares for $130.28 each. As a result, the insider received 1,954,228 and left with 0 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 37565657088 and an Enterprise Value of 40457494528. As of this moment, Datadog’s Price-to-Earnings (P/E) ratio for their current fiscal year is 346.06, and their Forward P/E ratio for the next fiscal year is 60.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 24.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.63 while its Price-to-Book (P/B) ratio in mrq is 18.37. Its current Enterprise Value per Revenue stands at 19.009 whereas that against EBITDA is 13668.072.
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 $75.02. The 50-Day Moving Average of the stock is -10.12%, while the 200-Day Moving Average is calculated to be 0.91%.
Shares Statistics:
For the past three months, DDOG has traded an average of 3.82M shares per day and 4020550 over the past ten days. A total of 305.40M shares are outstanding, with a floating share count of 276.79M. Insiders hold about 17.14% of the company’s shares, while institutions hold 67.54% stake in the company. Shares short for DDOG as of 1713139200 were 10286447 with a Short Ratio of 2.69, compared to 1710460800 on 8538173. Therefore, it implies a Short% of Shares Outstanding of 10286447 and a Short% of Float of 3.45.
