How to Buy Datadog Stock
Datadog Inc
Datadog, Inc. provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally.
Datadog stock last closed at $127.07, up 0.5% from the previous day, and has increased 93.38% in one year. It has overperformed other stocks in the Software - Application industry by 0.69 percentage points. Datadog stock is currently +101.7% from its 52-week low of $63.00, and -8.33% from its 52-week high of $138.61.
As of Apr 24, 2024, there are 331.87M DDOG shares outstanding. The market value of DDOG is $42.17B. In the past 24 hours, 3.25M DDOG shares were traded.
How to Buy Datadog Stock
Wondering how to invest in Datadog stock? Here's how.
- Figure out where to buy Datadog stock: You need to choose an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Datadog stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Select your method of payment and add your info.
- Analyze Datadog stock: The Datadog ticker symbol is DDOG. Is Datadog stock a good investment? Should you buy shares of DDOG? How do DDOG's underlying business fundamentals look? Do top analysts think Datadog is a good buy? Why has DDOG's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if DDOG is a good stock to buy).
- Make your DDOG trade: Decide if you will purchase DDOG shares at the current market price or use a limit order to buy DDOG stock at a specific price.
- Keep an eye on your investment in DDOG: Create a watchlist to keep tabs on your position in Datadog stock.
Step 1: Figure out where to buy Datadog stock
You need an online brokerage account in order to access the NASDAQ market and buy DDOG shares.
Our favorite brokerage: eToro
In our opinion, eToro is the best place to buy stocks. eToro gives you:
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- Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked your brokerage, you need to fill out some personal details so you can buy DDOG today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to create your new trading account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've opened your account on the highest rated app to buy and sell stocks, you need to deposit funds:
Check out the walkthrough below for more details depositing funds into your new brokerage account.
Step 4: Analyze Datadog stock
Once you have chosen the best place to buy Datadog stock, it's crucial to research their stock before you buy, so you actually wrap your head around the risk and upside.
Datadog shares at a glance
Datadog Fundamentals
WallStreetZen was designed to help average investors perform better fundamental analysis quickly.
You can view all of the due diligence checks on DDOG's stock page.
Is DDOG stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge DDOG's intrinsic value.
Using relative valuations ratios:
- DDOG may be overvalued based on its P/E ratio of 847.13x, relative to Software - Application industry P/E ratio of 103.08x
- DDOG may be overvalued based on its P/B ratio of 20.82x, relative to Software - Application industry P/B ratio of 6.53x
- DDOG could be overvalued based on its PEG ratio of 9.96x
You can access additional valuation analysis on DDOG's stock here.
How do DDOG Financials look?
Pros:
- DDOG profit margin has gone up from -3% to 2.3% in the past year.
- There are more short-term assets than long-term liabilities on the DDOG balance sheet.
- DDOG's operating cash flow of $659.95M allows it to safely service it's debt of $902.34M.
- There are more short-term assets than short-term liabilities on the DDOG balance sheet.
- Total DDOG debt is lower than 5 years ago, relative to shareholder equity.
- DDOG earnings of $66.54M is not sufficient to cover its interest payments.
Cons:
- DDOG has a relatively high debt to equity ratio of 0.94.
Do analysts think it's a good time to buy Datadog stock
Out of 18 Wall Street analysts who research DDOG, the consensus analyst rating on DDOG is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Latest DDOG Analyst Upgrades/Downgrades
Mike Cikos, a top 3% analyst from Needham reiterates DDOG with a buy rating and maintains their DDOG price target from $165.00 to $165.00, on Feb 16, 2024.
William Power, a top 3% analyst from Baird maintains DDOG with a hold rating and raises their DDOG price target from $120.00 to $130.00, on Feb 14, 2024.
Alex Zukin, a top 4% analyst from Wolfe Research maintains DDOG with a buy rating and raises their DDOG price target from $140.00 to $150.00, on Feb 14, 2024.
Keith Bachman, a top 3% analyst from BMO Capital reiterates DDOG with a buy rating and raises their DDOG price target from $140.00 to $155.00, on Feb 14, 2024.
Gregg Moskowitz, a top 5% analyst from Mizuho maintains DDOG with a hold rating and raises their DDOG price target from $108.00 to $130.00, on Feb 14, 2024.
You can dig deeper into what analysts are forecasting on the Datadog stock forecast page.
DDOG Technical Indicators
DDOG Growth Metrics
Last year, DDOG revenue was $2.13B. Over the last 5 year, DDOG's revenue has increased by 60.78% per year. This was faster than the Software - Application industry average of 27.59%.
Dive into DDOG's earnings and revenue performance here.
Who is buying/selling DDOG?
In the last year, insiders at DDOG have sold more shares than they have bought.
David M. Obstler, CHIEF FINANCIAL OFFICER of DDOG, was the latest DDOG insider to sell. They sold $1,954,230.00 worth of DDOG stock on Apr 11, 2024.
Research more about who owns DDOG shares here.
Can I get consistent income from DDOG stock?
No, Datadog doesn't provide an income stream by paying out dividends.
What do other investors have to say about DDOG?
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Make your DDOG trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific price limit, use a limit order.
Hit the Open Trade button and eToro will place the order.
If you want additional help buying stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your investment in DDOG
Now that you own some DDOG shares, you'll want to keep up with your new company.
Put DDOG on a watchlist to get notified of the latest news about your DDOG stock.
DDOG Feed
How to Buy Stock in Datadog
To reiterate, here are the 6 steps to buy stock in Datadog:
- Figure out where to buy Datadog stock
- Sign up for a brokerage account
- Deposit money your brokerage account
- Analyze Datadog stock
- Make your DDOG trade
- Keep an eye on your investment in DDOG
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to track your new investment in Datadog, create a watchlist today.
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