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 January 8, 2025, DDOG stock price climbed to $141.88 with 2,167,592 million shares trading.

DDOG has a beta of 1.61, meaning it tends to be more sensitive to market movements. DDOG has a correlation of 0.22 to the broad based SPY ETF.

DDOG has a market cap of $48.20 billion. This is considered a Large Cap stock.

Last quarter Datadog - Class A reported $690 million in Revenue and $.57 earnings per share. This beat revenue expectation by $26 million and exceeded earnings estimates by $.17.

In the last 3 years, DDOG traded as high as $184.70 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 underperformed the market in the last year with a price return of +22.3% while the SPY ETF gained +27.5%. However, in the short term, DDOG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +15.9% vs +4.2% return in SPY. But in the last 2 weeks, DDOG shares have been beat by the market, returning -4.4% compared to an SPY return of -2.0%.

DDOG support price is $138.13 and resistance is $144.68 (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 shares will trade within this expected range on the day.