Datadog Inc. (NASDAQ: DDOG) stock fell -1.10% on Thursday to $92.41 against a previous-day closing price of $93.44. With 5.41 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.4 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $97.40 whereas the lowest price it dropped to was $91.35. The 52-week range on DDOG shows that it touched its highest point at $120.75 and its lowest point at $61.34 during that stretch. It currently has a 1-year price target of $97.33. Beta for the stock currently stands at 0.89.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DDOG was down-trending over the past week, with a drop of -2.25%, but this was up by 33.41% over a month. Three-month performance surged to 20.53% while six-month performance rose 27.76%. The stock gained 7.69% in the past year, while it has gained 25.73% so far this year. A look at the trailing 12-month EPS for DDOG yields -0.27 with Next year EPS estimates of 1.56. For the next quarter, that number is 0.28. This implies an EPS growth rate of -136.90% for this year and 30.65% for next year. EPS is expected to grow by 22.65% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 103.26%.
Float and Shares Shorts:
At present, 319.29 million DDOG shares are outstanding with a float of 263.53 million shares on hand for trading. On May 14, 2023, short shares totaled 9.3 million, which was 2.89% higher than short shares on Apr 13, 2023. In addition to DDOG as the firm’s Datadog, Inc., DOG serves as its ProShares Short Dow30.
Institutional Ownership:
Other institutions hold 9.31% of DDOG, in contrast to 37.96% held by mutual funds. Shares owned by individuals account for 34.26%. As the largest shareholder in DDOG with 8.25% of the stake, The Vanguard Group, Inc. holds 24,265,062 shares worth 24,265,062. A second-largest stockholder of DDOG, Iconiq Capital LLC, holds 13,175,765 shares, controlling over 4.48% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in DDOG, holding 10,856,609 shares or 3.69% stake. With a 2.78% stake in DDOG, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 8,163,495 shares are owned by the mutual fund manager. The Vanguard Mid Cap Index Fund, which owns about 2.09% of DDOG stock, is the second-largest Mutual Fund holder. It holds 6,136,420 shares valued at 413.47 million. Invesco QQQ Trust holds 1.33% of the stake in DDOG, owning 3,898,759 shares worth 262.7 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, DDOG reported revenue of $406.14M and operating income of -$3.14M. The EBITDA in the recently reported quarter was $12.65M and diluted EPS was -$0.02.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DDOG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DDOG analysts setting a high price target of $127.00 and a low target of $70.00, the average target price over the next 12 months is $98.73. Based on these targets, DDOG could surge 37.43% to reach the target high and fall by -24.25% to reach the target low. Reaching the average price target will result in a growth of 6.84% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded DDOG stock several times over the past three months with 4 Buys and 11 Sells. In these transactions, 261,021 shares were bought while 129,242 shares were sold. The number of buy transactions has increased to 38 while that of sell transactions has risen to 48 over the past year. The total number of shares bought during that period was 1,767,765 while 269,944 shares were sold.
