Jefferies took its Datadog [DDOG] rating to the equivalent of Buy from Hold, in a research note dated 2021-01-11. Some new analysts also started their coverage, with KeyBanc Capital Markets’s analysts assigning the shares to “a Sector weight” rating in a research note to investors issued in late November. Meanwhile, Monness Crespi & Hardt had launched its coverage on DDOG with “Neutral”, in a research note produced for clients November 23, 2020. In addition, there was no change from Needham on November 11, 2020. The rater maintained DDOG to “a Buy” but assigned new target price of $109.
Is Datadog Inc. [NASDAQ:DDOG] a Good Buy Right Now?
It should be noted that DDOG technical indicators for short, intermediate as well as long term progress have placed an overall average of 72% as Buy. The average signal changed from 88% Buy in the last week and compares with 80% Buy in the past month. Data from Datadog Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 3.44 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 3.83 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 4.35 million shares.
DDOG Price Performance
On Wall Street, Datadog Inc. [NASDAQ:DDOG] finished Friday’s session up 3.41% at $99.94. The stock went up to $100.25 at the same session while its lowest single day price was $97.50. In the last five days, it saw a rise of about 1.52%, Datadog Inc. shares gained by almost 1.52% since the beginning of the year. However, the share price has dropped to as low as -15.40% below its one year high. On 01/08/21, the company shares recorded $100.25, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $89.83. The company’s shares have inclined by 148.55% in the past year. The 50-day SMA achieved is $96.59 while the 200-day SMA is $82.03. Volume dropped to 2.56 million from 3.32 million in the previous session.
DDOG Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 98.21 level, and in case of violation of this particular level, it will cause more drop to 96.48 level. On the upper level, 101.98 is still the key resistance. The stock may increase to the subsequent resistance at 100.96. The Relative Strength Index (RSI) pinned on the 14-day chart is 51.46, implying a neutral technical stance while the MACD stands at -4.60, meaning price will decrease in the next trading period. Percent R indicator moved to 53.33%, implying low price movement. Stochastic %K at 28.34% suggest selling the stock.
What is the short interest in Datadog Inc.?
Short interest in the Datadog Inc. stock has surged, increasing by 2.1 million shares to total 14.43 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 16.53 million, data from Yahoo Finance shows. The decrease of -14.55% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 7.69% of the overall float for the stock.
Datadog Inc.’s Biggest Shareholders: Who Owns Datadog Inc. [DDOG]?
Filings by T. Rowe Price Associates, Inc. showed that the firm now holds a total of 20,072,099 shares or roughly 9.65% of the outstanding DDOG shares. This means their shares have reduced by -3,071,303 from the 20,072,099 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $1,421,519,078. Details in the latest 13F filings reveal that BlackRock Fund Advisors acquired their 61.53% stake valued at $648,096,142 while Lone Pine Capital LLC cut theirs at $647,814,814. During the last quarter, BlackRock Fund Advisors raised 2,495,710 of its shares in Datadog Inc. while Lone Pine Capital LLC sold -283,973 shares. The Morgan Stanley Investment Managem’s holdings currently number 6,527,457 shares at $652354052.58. According to the firm’s last 13F report, Baillie Gifford & Co. shares in the company at filing stood at 5,556,957 shares, roughly $549,694,186.
DDOG Earnings Forecast For The Current Quarter
Datadog Inc. [DDOG] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $163.59M and an earnings per share of $0.02 for Dec 2020. Looking further ahead, the company is expected to report revenue of $181.13M at an EPS of $0.04 for Mar 2021. The estimates represent upside of 36.10% and 9.66% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
DDOG Earnings Estimates For The Current Year
For the financial year, Datadog Inc. [NASDAQ:DDOG] is expected to bring in revenue of $589.56M. The returns are nearly $226.78 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.18, higher than that of FY19 by $0.19. Estimates put this year’s earnings growth at 1,900.00%, 5.60% for the next. As for sales, forecasts are for an increase of 62.50% in the current fiscal year and a further 36.10% over the following year.