In today’s recent session, 1.0 million shares of the Datadog Inc. (NASDAQ:DDOG) have been traded, and its beta is 0.89. Most recently the company’s share price was $92.57, and it changed around -$0.5 or -0.53% from the last close, which brings the market valuation of the company to $30.75B. DDOG at last check was trading at a discount to its 52-week high of $120.75, offering almost -30.44% off that amount. The share price’s 52-week low was $61.34, which indicates that the recent value has risen by an impressive 33.74% since then. We note from Datadog Inc.’s average daily trading volume that its 10-day average is 5.73 million shares, with the 3-month average coming to 5.40 million.
Datadog Inc. (NASDAQ:DDOG) trade information
Instantly DDOG has been showing red trend so far today with a performance of -0.53% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 94.79 on Tuesday, 05/23/23 increased the stock’s daily price by 2.34%. The company’s shares are currently up 25.95% year-to-date, but still up 1.42% over the last five days. On the other hand, Datadog Inc. (NASDAQ:DDOG) is 47.67% up in the 30-day period. We can see from the shorts that 9.95 million shares have been sold at a short interest cover period of 2.12 day(s).
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The consensus price target as assigned by Wall Street analysts is $98.73, which translates to bulls needing to increase their stock price by 6.24% from its current value. Analyst projections state that DDOG is forecast to be at a low of $70.00 and a high of $127.00. In order for the stock price to hit the forecast high, the stock would need to plunge -37.19% from its current level, while the stock would need to crash 24.38% from its current level to reach the projected low.
Datadog Inc. (DDOG) estimates and forecasts
Datadog Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 26.21 percent over the past six months and at a 19.39% annual growth rate that is well above the industry average of 16.10%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 16.70% in revenue this quarter, and will report an increase of 26.10% in the next quarter. The year-over-year growth rate is expected to be 25.10%, up from the previous year.
Consensus estimates provided by 32 financial analysts predict the company will bring in an average of $500.93 million in revenue for the current quarter. 32 analysts expect Datadog Inc. to make $535.03 million in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $406.14 million and $414.26 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 23.30%. Forecasts for the next quarter put sales growth at 29.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 103.26%. Datadog Inc. earnings are expected to increase by -136.90% in 2023, but the outlook is positive 22.65% per year for the next five years.
DDOG Dividends
Datadog Inc.’s next quarterly earnings report is expected to be released around August 02 and August 07.
Datadog Inc. (NASDAQ:DDOG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.78% of Datadog Inc. shares, and 80.48% of them are in the hands of institutional investors. The stock currently has a share float of 87.27%. Datadog Inc. stock is held by 966 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 8.39% of the shares, which is about 24.86 million shares worth $1.81 billion.
Blackrock Inc., with 5.15% or 15.25 million shares worth $1.11 billion as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Dec 30, 2022. The former held 7.99 million shares worth $586.98 million, making up 2.70% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 6.12 million shares worth around $450.1 million, which represents about 2.07% of the total shares outstanding.
