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Monday, January 30, 2023

Is Datadog Inc. (NASDAQ: DDOG) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Datadog Inc. (DDOG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.76, or -0.97%, to $77.21. The Datadog Inc. has recorded 99,364 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Datadog Announces Integration with Amazon Security Lake.

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Stocks Info

Datadog Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $77.97 and fluctuated between $78.94 as its day high and $74.93 as its day low. The current market capitalization of Datadog Inc. is $23.78B. A total of 4.25 million shares were traded on the day, compared to an average of 4.56M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, DDOG has seen 14 BUY and 9 SELL insider trades, representing the acquisition of 1,016,859 and the disposition of 26,264 shares. Over the last 12 months, there were 44 BUYs and 218 SELLs from insiders. Insiders purchased 1,535,451 shares during that period but sold 666,379.

In the most recent transaction, Le-Quoc Alexis sold 71,364 shares of DDOG for 78.96 per share on Nov 14. After the transaction, the President & CTO now owns 189,029 company shares. In a previous transaction on Nov 09, Jacobson Matthew bought 296,965 shares at 67.35 per share. DDOG shares that Director owns now total 605,766.

Among the insiders who bought shares, Jacobson Matthew acquired of 9,465 shares on Nov 08 at a per-share price of $70.09. This resulted in the Director holding 428,857 shares of DDOG after the transaction. In another insider transaction, Jacobson Matthew bought 710,429 shares at $69.45 per share on Nov 07. Company shares held by the Director now total 423,218.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for DDOG in the last 3 months, the mean price target is $111.88 with high estimates of $162.00 and low estimates of $82.00. In terms of 52-week highs and lows, DDOG has a high of $186.28 and a low of $66.45.

As of this writing, DDOG has an earnings estimate of $0.16 per share for the current quarter. EPS was calculated based on a consensus of 27 estimates, with a high estimate of $0.27 per share and a lower estimate of $0.14. The company reported an EPS of $0.24 in the last quarter, which was 100.00% higher than expectations of $0.12.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 33 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DDOG is Sell with a score of 4.50. A total of 21 analysts rated the stock as Buy while 5 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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