Datadog Inc. (NASDAQ:DDOG) does about 5.07M shares in volume on a normal day but saw 2841071 shares change hands in Tuesday trading. The company now has a market cap of 27.88B USD and an enterprise value of about $28.21B. Its current market price is $94.22, marking a decrease of -1.52% compared to the previous close of $95.67. The 52 week high reached by this stock is $98.99 whilst the lowest price level in 52 weeks is $27.55. The script in recent trading has seen the stock touch a high of $96.15 and a low of $92.13.
Datadog Inc. (DDOG) has a 20-day trading average at $90.52 and the current price is -4.82% off the 52-week high compared with 242.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $84.30 and its 200-day simple moving average is $52.08. If we look at the stock’s price movements over the week, volatility stands at 4.12%, which increases to 5.53% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.34 to suggest the stock is neutral.
The consensus objective for the share price is $83.18, suggesting that the stock has a potential downside of -13.27% over the period. The median price target is -10.85% away from the current levels at $85.00.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 10, 2020 when FBN Securities initiated the stock to “Outperform” and issued a price target of $115. Needham reiterated its price target at $58-$70.
The current price level is 4.32%, 12.33%, and 81.96% away from its SMA20, SMA50, and SMA200 respectively, with the DDOG price moving above the 50-day SMA on August 04. Datadog Inc. (DDOG) stock is up 6.73% over the week and 5.91% over the past month. Its price is 149.39% year-to-date.
The stock last released its quarterly earnings report for quarter ended 3/30/2020, with the company’s earnings per share (EPS) of $0.06 above consensus estimates by $0.07. DDOG’s earnings per share are forecast to grow by 600.00% this year and 40.00% over next year. Expected sales for next quarter are $140.3 million, which analysts say will come at $563.57 million for the current fiscal year and next year at $757.41 million. In addition, estimates put the company’s current quarterly revenue at an average of $135.4 million.
To reach the target analysts have set, the stock logically needs to shrink -13.27 percent from here.
Outstanding shares total 295.46M with insiders holding 1.59% of the shares and institutional holders owning 50.31% of the company’s common stock. The company has a return on investment of -2.70% and return on equity of -0.10%. The forward price to earnings ratio is 1346.00. Price to book ratio is 34.64 and price to sales ratio is 65.75.
According to a U.S. Securities and Exchange Commission filing, T Rowe Price New Horizons Fund has added its position in Datadog Inc. (DDOG) to 8,431,832 shares, mirroring a recent increase by 21.35%. T Rowe Price New Horizons Fund added 1.48 million shares of Datadog Inc. common stock bringing its total worth to about $733.15 million at the end of recent close, SEC documents show. T Rowe Price New Horizons Fund isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which added 3.23 million shares to end up with 4,017,559 shares worth $349.33 million. T Rowe Price Growth Stock Fund cut their holdings by -0.89% in the company over the course of the most recent quarter. It now holds a 2.03% position in Datadog Inc. thanks to 3.57 million shares amounting to $310.77 million.