A new trading day began on Monday, with Datadog Inc (NASDAQ: DDOG) stock price up 1.87% from the previous day of trading, before settling in for the closing price of $123.26. DDOG’s price has ranged from $77.81 to $138.61 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 61.97%. Meanwhile, its annual earnings per share averaged 26.28%. With a float of $293.75 million, this company’s outstanding shares have now reached $305.40 million.
Considering the fact that the conglomerate employs 5200 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 81.52%, operating margin of 2.01%, and the pretax margin is 7.33%.
Datadog Inc (DDOG) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Datadog Inc is 12.87%, while institutional ownership is 72.21%. The most recent insider transaction that took place on Nov 04 ’24, was worth 10,555,617. Before that another transaction happened on Oct 15 ’24, when Company’s Director sold 7,916 for $126.67, making the entire transaction worth $1,002,746. This insider now owns 451,533 shares in total.
Datadog Inc (DDOG) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.45 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.39 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 26.28% per share during the next fiscal year.
Datadog Inc (NASDAQ: DDOG) Trading Performance Indicators
Here are Datadog Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.98. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 17.38. Likewise, its price to free cash flow for the trailing twelve months is 58.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.46, a number that is poised to hit 0.40 in the next quarter and is forecasted to reach 1.95 in one year’s time.
Technical Analysis of Datadog Inc (DDOG)
Compared to the last year’s volume of 3.76 million, its volume of 3.59 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 35.41%. Additionally, its Average True Range was 3.62.
During the past 100 days, Datadog Inc’s (DDOG) raw stochastic average was set at 74.33%, which indicates a significant increase from 43.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.63% in the past 14 days, which was lower than the 32.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $118.74, while its 200-day Moving Average is $121.58. Nevertheless, the first resistance level for the watch stands at $127.87 in the near term. At $130.19, the stock is likely to face the second major resistance level. The third major resistance level sits at $133.27. If the price goes on to break the first support level at $122.47, it is likely to go to the next support level at $119.39. Should the price break the second support level, the third support level stands at $117.07.
Datadog Inc (NASDAQ: DDOG) Key Stats
With a market capitalization of 41.60 billion, the company has a total of 337,152K Shares Outstanding. Currently, annual sales are 2,128 M while annual income is 48,570 K. The company’s previous quarter sales were 645,280 K while its latest quarter income was 43,820 K.
