DDOG Stock Summary and Trading Ideas (Datadog - Class A | NASDAQ:DDOG)

Datadog is a cloud-native company that focuses on analyzing machine data. The firm's product portfolio, delivered via software as a service, allows a client to monitor and analyze its entire IT infrastructure. Datadog's platform can ingest and analyze large amounts of machine-generated data in real time, allowing clients to utilize it for a variety of applications throughout their businesses.

Datadog - Class A trades on the NASDAQ stock market under the symbol DDOG.

As of April 19, 2024, DDOG stock price declined to $120.09 with 3,308,217 million shares trading.

DDOG has a beta of 1.35, meaning it tends to be more sensitive to market movements. DDOG has a correlation of 0.12 to the broad based SPY ETF.

DDOG has a market cap of $39.85 billion. This is considered a Large Cap stock.

Last quarter Datadog - Class A reported $590 million in Revenue and $.44 earnings per share. This beat revenue expectation by $22 million and met earnings estimates .

In the last 3 years, DDOG stock traded as high as $199.68 and as low as $61.34.

The top ETF exchange traded funds that DDOG belongs to (by Net Assets): VTI, VO, QQQ, VXF, VUG.

DDOG has outperformed the market in the last year with a price return of +71.6% while the SPY ETF gained +21.2%. However, in the short term, DDOG had mixed performance relative to the market. It has underperformed in the last 3 months, returning -5.4% vs +4.3% return in SPY. But in the last 2 weeks, DDOG shares have fared better than the market returning -0.5% compared to SPY -3.5%.

DDOG support price is $122.19 and resistance is $127.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DDOG stock will trade within this expected range on the day.