Datadog, Inc. (NASDAQ:DDOG) has seen 2,161,695 shares traded in the recent trading session. The company, currently valued at $25.99 Billion, closed the recent trade at $87.17 per share which meant it gained $0.1 on the day or 0.16% during that session. The DDOG stock price is -13.56% off its 52-week high price of $98.99 and 68.4% above the 52-week low of $27.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.52 Million shares traded. The 3-month trading volume is 5Million shares.
The consensus among analysts is that Datadog, Inc. (DDOG) is an Overweight stock at the moment, with a recommendation rating of 2.4. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 8 out of 17 have rated it as a Hold, with 9 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.01.
Datadog, Inc. (NASDAQ:DDOG) trade information
Sporting 0.59% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Jul 09 when the DDOG stock price touched $98.99- or saw a rise of 12.9%. Year-to-date, Datadog, Inc. shares have moved 128.22%, while the 5-day performance has seen it change -4.29%. Over the past 30 days, the shares of Datadog, Inc. (NASDAQ:DDOG) have changed 10.47%. Short interest in the company has seen 15.27 Million shares shorted with days to cover at 3.05.
Wall Street analysts have a consensus price target for the stock at $69.92, which means that the shares’ value could jump -19.79% from current levels. The projected low price target is $52 while the price target rests at a high of $115. In that case, then, we find that the current price level is +31.93% off the targeted high while a plunge would see the stock lose -40.35% from current levels.
Datadog, Inc. (DDOG) estimates and forecasts
Earnings growth for 2020 is a modest -51.8%.
Datadog, Inc. (NASDAQ:DDOG)’s Major holders
Insiders own 1.59% of the company shares, while shares held by institutions stand at 50.31% with a share float percentage of 51.12%. Investors are also buoyed by the number of investors in a company, with Datadog, Inc. having a total of 238 institutions that hold shares in the company. The top two institutional holders are Price (T.Rowe) Associates Inc with over 22.74 Million shares worth more than $818.34 Million. As of March 30, 2020, Price (T.Rowe) Associates Inc held 12.92% of shares outstanding.
The other major institutional holder is Whale Rock Capital Management LLC, with the holding of over 6.48 Million shares as of March 30, 2020. The firm’s total holdings are worth over $233.12 Million and represent 3.68% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) New Horizons Fund and Price (T.Rowe) Growth Stock Fund Inc. As of March 30, 2020, the former fund manager holds about 3.95% shares in the company for having 6948530 shares of worth $250.01 Million while later fund manager owns 3.61 Million shares of worth $129.75 Million as of March 30, 2020, which makes it owner of about 2.05% of company’s outstanding stock.