Datadog Inc (DDOG) average volume reaches $4.27M: Is Wall Street expecting a rally?

Datadog Inc (NASDAQ: DDOG) kicked off on November 20, 2023, at the price of $109.52, up 2.04% from the previous trading day. During the day, the shares moved up to $112.19 and dropped to $109.13 before settling in for the closing price of $109.54. Over the past 52 weeks, DDOG has traded in a range of $61.34-$118.02.

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During the last 5-year period, the sales growth of Technology Sector giant was 75.88%. While this was happening, its average annual earnings per share was recorded 53.00%. With a float of $269.18 million, this company’s outstanding shares have now reached $293.57 million.

Let’s determine the extent of company efficiency that accounts for 4800 employees. In terms of profitability, gross margin is +79.25, operating margin of -3.50, and the pretax margin is -2.27.

Datadog Inc (DDOG) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Datadog Inc is 18.07%, while institutional ownership is 68.78%. The most recent insider transaction that took place on Nov 15, was worth 9,447,791. In this transaction Chief Executive Officer of this company sold 85,637 shares at a rate of $110.32, taking the stock ownership to the 317,784 shares. Before that another transaction happened on Nov 14, when Company’s Chief Financial Officer sold 10,000 for $108.37, making the entire transaction worth $1,083,678. This insider now owns 260,617 shares in total.

Datadog Inc (DDOG) Earnings and Forecasts

This company achieved a net margin of -2.99 while generating a return on equity of -4.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 47.78 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 53.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 33.30% during the next five years compared to -77.99% drop over the previous five years of trading.

Datadog Inc (NASDAQ: DDOG) Trading Performance Indicators

Take a look at Datadog Inc’s (DDOG) current performance indicators. Last quarter, stock had a quick ratio of 3.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 18.29. Likewise, its price to free cash flow for the trailing twelve months is 69.69.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.11, a number that is poised to hit 0.43 in the next quarter and is forecasted to reach 1.81 in one year’s time.

Technical Analysis of Datadog Inc (DDOG)

Looking closely at Datadog Inc (NASDAQ: DDOG), its last 5-days average volume was 3.98 million, which is a drop from its year-to-date volume of 4.87 million. As of the previous 9 days, the stock’s Stochastic %D was 90.53%. Additionally, its Average True Range was 4.18.

During the past 100 days, Datadog Inc’s (DDOG) raw stochastic average was set at 84.46%, which indicates a significant decrease from 98.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 104.90% in the past 14 days, which was higher than the 62.89% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $91.79, while its 200-day Moving Average is $88.04. However, in the short run, Datadog Inc’s stock first resistance to watch stands at $112.93. Second resistance stands at $114.09. The third major resistance level sits at $115.99. If the price goes on to break the first support level at $109.87, it is likely to go to the next support level at $107.97. Should the price break the second support level, the third support level stands at $106.81.

Datadog Inc (NASDAQ: DDOG) Key Stats

The company with the Market Capitalisation of 36.72 billion has total of 328,554K Shares Outstanding. Its annual sales at the moment are 1,675 M in contrast with the sum of -50,160 K annual income. Company’s last quarter sales were recorded 547,540 K and last quarter income was 22,630 K.


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