In the latest trading session, 1,884,120 Datadog, Inc. (NASDAQ:DDOG) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $76.43 changing hands around -$3.86 or -0.05% at last look, the market valuation stands at $23.61 Billion. DDOG’s current price is a discount, trading about -56.26% off its 52-week high of $119.43. The share price had its 52-week low at $33.04, which suggests the recent value is56.77% up since then. When we look at Datadog, Inc.’s average trading volume, we note the 10-day average is 4.09 Million shares, with the 3-month average coming to 3.66 Million.
Analysts gave the Datadog, Inc. (DDOG) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2.4. If we narrow down to specifics, the data shows that none out of 23 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 13 recommended DDOG as a Hold, 10 felt it is a Buy and none rated the stock as Underweight. Datadog, Inc.’s EPS for the current quarter is expected to be $0.03.
Although DDOG has turned red as seen in intraday trades today. With action -4.81%, the performance over the past five days has been red. The jump to weekly highs of $86.63 on Tuesday, Mar 23 added 12.32% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.23%, with the 5-day performance at -0.11% in the red. However, in the 30-day time frame, Datadog, Inc. (NASDAQ:DDOG) is -0.2% down. Looking at the short shares, we see there were 14.94 Million shares sold at short interest cover period of 4.08 days.
The consensus price target for the stock as assigned by Wall Street analysts is $122.53, meaning bulls need an upside of 60.32% from its recent market value. According to analyst projections, DDOG’s forecast low is $97 with $141 as the target high. To hit the forecast high, the stock’s price needs a +84.48% upsurge from its latest level, while the stock would need to tank 26.91% for it to hit the projected low.
Datadog, Inc. (DDOG) estimates and forecasts
Data shows that the Datadog, Inc. share is not performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value dive -9.14% over the past 6 months, a -40.91% in annual growth rate that is considerably lower than the industry average of 0.3%. But despite this, analysts have looked to lower expectations by downgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Datadog, Inc. will drop -50%, while the growth in revenue is estimated to hit -40% for the next quarter. Year-over-year growth is forecast to reach 38.1% up from the last financial year.
Consensus estimates given by 21 financial analysts project the company’s revenue in the current quarter to hit an average of $186.64 Million. 20 analysts are of the opinion that Datadog, Inc.’s revenue for the quarter ending June 01, 2021 will be $196.39 Million. The company’s revenue for the corresponding quarters a year ago was $131.25 Million and $135.4 Million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 42.2%. The estimates for the next quarter sales put growth at 45%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for Datadog, Inc. earnings to decrease by -45%, but the outlook for the next 5-year period is at 0% per year.
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Datadog, Inc. (NASDAQ:DDOG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.25% of Datadog, Inc. shares while 71.21% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.85%. There are 589 institutions holding the Datadog, Inc. stock share, with Price (T.Rowe) Associates Inc the top institutional holder. As of Dec 30, 2020, the company held 9.6% of the shares, roughly 21.27 Million DDOG shares worth $2.09 Billion.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 7.28% or 16.14 Million shares worth $1.59 Billion as of Dec 30, 2020.
Among Mutual Funds, the top two as of Dec 30, 2020 were Price (T.Rowe) New Horizons Fund and Vanguard Total Stock Market Index Fund. With 6227314 shares estimated at $613.02 Million under it, the former controlled 2.81% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.25% of the shares, roughly 4.98 Million shares worth around $490.56 Million.