Datadog Inc. (NASDAQ:DDOG) currently has a daily average trading volume of 4.67M but it saw 4648566 shares traded on Wednesday. With a market cap of 26.07B USD. Stock’s current market price of $86.28 came rising about 3.00 while comparing to the previous closing price of $83.77. In past 52 weeks, the stock remained buoying in the range of price level as high as $98.99 and as low as $27.55. In the recent trading on the day, stock has struck highest price mark of $89.47 while lowest mark touched by it was $85.101.
Taking a look at 20-day trading activity of Datadog Inc. (DDOG) gives us an average price of $85.21, while its current price level is -12.84% below from 52-week high level whereas it is 213.18% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $87.29 while that of 200 days or SMA-200 reads an average of $56.12. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.53% during that period while stretching the period over a month that increases to 5.18%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.75 which implies that the stock is in neutral territory.
The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $80.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $107.00. Average price target assigned by them is $93.75 which highlights an upside potential of 7.97% for the stock over that period. And to attain the median price target of $97.50 assigned by those analysts, stock has to add about 11.51% of value to its current levels.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Needham which reiterated the stock as “Buy” in its note to investors issued on August 07, 2020, recommending a price target of between $105 and $106 for it. Rosenblatt also issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $75 and $115.
Over the week, DDOG’s stock price is moving 4.62% up while it is -2.27% when we observe its performance for the past one month. Year-to-date it is 128.37% up and over the past year.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2020, when its quarterly earnings per share (EPS) of $0.05 beat the consensus estimate of $0.01 for the same. The company is expected to be releasing its next quarterly report in 11/17/2020, for which analysts forecasted an EPS of $0.01 while estimate for next year EPS is $0.12. For DDOG, analysts are forecasting an EPS-growth rate of 1,300.00% for current year and estimate for EPS growth in next year is 25.00%. In next quarter, company is expected to be making quarterly sales of $155.24 million as analysts are expecting the sales for current fiscal year at $571.21 million and seeing the company making $771.46 million in sales next year. Moreover, analysts are in estimates of $144.34 million for current-quarter revenue.
Currently, Datadog Inc.’s total number of outstanding shares is 299.27M with 1.59% of that held by the insiders while 50.31% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -2.70% and return on equity (ROE) at 0.40%. It has a price to earnings ratio (P/E ratio) of 8628.00 while having a 607.61 of forward P/E ratio. Stock has a price to book (P/B) ratio of 28.29 while price to sale or P/S ratio amounts to 54.22. Its return on asset (ROA) is 0.30% on average.
A filing at the U.S. Securities and Exchange Commission revealed that T Rowe Price New Horizons Fund came shrinking its share ownership by 21.35% in the Datadog Inc. (DDOG) increasing its stake to 4.79% with control over 1.48 million shares in the company. As per SEC documents, T Rowe Price New Horizons Fund shunned 8,431,832 of company’s common stock of worth $791.41 million as per recent closing price of the stock. T Rowe Price New Horizons Fund is not the only institutional holder which restructured its stake in Datadog Inc., as Vanguard Total Stock Market Index dumped 3,999,654 shares of worth $375.41 million to bring its holdings to a total of 17905.0 shares. In the most recent quarter, T Rowe Price Growth Stock Fund came cutting its stake by -0.89% in the company and now holds 3.57 million or 2.03% of the company’s stake having worth of about 335.46 million.