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Friday, September 29, 2023

Analyst Expects Datadog Inc. (NASDAQ: DDOG) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Datadog Inc. (DDOG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.32, or -0.33%, to $97.41. The Datadog Inc. has recorded 68,262 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Datadog to Present at Upcoming Investor Conferences.

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Stocks Info

As a NASDAQ listed company, DDOG falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $97.73 and fluctuated between $98.84 as its day high and $96.92 as its day low. The current market capitalization of Datadog Inc. is $31.36B. A total of 3.25 million shares were traded on the day, compared to an average of 4.55M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, DDOG has seen 4 BUY and 7 SELL insider trades, representing the acquisition of 10,412 and the disposition of 84,074 shares. Over the last 12 months, there were 41 BUYs and 47 SELLs from insiders. Insiders purchased 2,007,961 shares during that period but sold 324,594.

In the most recent transaction, Jacobson Matthew sold 22,391 shares of DDOG for 93.80 per share on Aug 29. After the transaction, the Director now owns 1,658,538 company shares. In a previous transaction on Aug 29, OBSTLER DAVID M sold 10,000 shares at 93.96 per share. DDOG shares that Chief Financial Officer owns now total 275,218.

Among the insiders who sold shares, Agarwal Amit disposed of 112,500 shares on Aug 24 at a per-share price of $92.66. This resulted in the President holding 269,141 shares of DDOG after the transaction. In another insider transaction, Agarwal Amit sold 112,000 shares at $94.67 per share on Aug 23. Company shares held by the President now total 269,141.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for DDOG in the last 3 months, the mean price target is $106.55 with high estimates of $133.00 and low estimates of $70.00. In terms of 52-week highs and lows, DDOG has a high of $118.02 and a low of $61.34.

As of this writing, DDOG has an earnings estimate of $0.34 per share for the current quarter. EPS was calculated based on a consensus of 34 estimates, with a high estimate of $0.4 per share and a lower estimate of $0.32. The company reported an EPS of $0.28 in the last quarter, which was 16.70% higher than expectations of $0.24.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. DDOG’s latest balance sheet shows that the firm has $1.55B in Cash & Short Term Investments as of fiscal 2021. There were $807.75M in debt and $528.70M in liabilities at the time. Its Book Value Per Share was $5.12, while its Total Shareholder’s Equity was $1.04B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 4.41.

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