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 $100.35, up 1.6% from the previous day, and has decreased 2.72% in one year. It has overperformed other stocks in the Software - Application industry by 0.01 percentage points. Datadog stock is currently +63.6% from its 52-week low of $61.34, and -16.89% from its 52-week high of $120.75.
As of Jun 5, 2023, there are 321.88M DDOG shares outstanding. The market value of DDOG is $32.30B. In the past 24 hours, 4.05M 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:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to global markets: From Tech to Industrials, New York to Shanghai — you can fill your portfolio with stocks from the world's leading exchanges.
- 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.
- Provide your personal info to create your new trading account.
- Submit your data by hitting the "Create Account" button.
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/B ratio of 21.36x, relative to Software - Application industry P/B ratio of 5.66x
You can do additional valuation analysis on DDOG's stock here.
DDOG Financial Summary
Pros:
- DDOG's operating cash flow of $404.81M allows it to safely service it's debt of $846.33M.
- There are more short-term assets than long-term liabilities on the DDOG balance sheet.
- There are more short-term assets than short-term liabilities on the DDOG balance sheet.
Cons:
- DDOG has a relatively high debt to equity ratio of 1.08.
- DDOG earnings of -$55.88M is not sufficient to cover its interest payments.
- DDOG profit margin has gone down from 0.2% to -4.7% in the past year.
Is it a good time to buy DDOG stock, according to analysts?
Out of 20 sell side analysts who give recommendations on DDOG, the consensus analyst rating on DDOG is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Latest DDOG Analyst Upgrades/Downgrades
Brad Reback, a top 10% analyst from Stifel Nicolaus maintains DDOG with a strong buy rating and raises their DDOG price target from $85.00 to $101.00, on May 24, 2023.
Maintaining his Strong Buy rating, Reback raised his price target on Datadog, Inc. by 18.8%.
His firm surveyed Datadog customers about usage trends, optimization pervasiveness, severity and timeline, and new module adoption,* the analyst told investors.
Summarizing the findings, Reback reported that while it is "still too early to say optimization has troughed, the second derivative appears to be turning positive after almost a year of customer efforts."
That an expanding product adoption and new client wins are setting the company up for sustained market share gains, the analyst concluded.
* Recent business highlights can be found in Datadog's Q1 2023 press release (2023/05/04).
Matthew Hedberg, a top 8% analyst from RBC Capital maintains DDOG with a buy rating and raises their DDOG price target from $85.00 to $95.00, on May 5, 2023.
Fred Lee, a top 14% analyst from Credit Suisse reiterates DDOG with a buy rating and maintains their DDOG price target from $125.00 to $125.00, on May 5, 2023.
Gregg Moskowitz, a top 12% analyst from Mizuho maintains DDOG with a strong buy rating and raises their DDOG price target from $80.00 to $82.00, on May 5, 2023.
Brent Thill, a top 1% analyst from Jefferies maintains DDOG with a strong buy rating and raises their DDOG price target from $85.00 to $90.00, on May 5, 2023.
You can dive deeper into what analysts are projecting on the Datadog stock forecast page.
DDOG Trading Indicators
Is DDOG Making Money?
Last year, DDOG revenue was $1.79B. Over the past three year, DDOG's revenue has gone up by 147.83% per year. This was faster than the Software - Application industry average of 33.26%.
Find out more about DDOG's earnings and revenue performance here.
What are DDOG executives and large shareholders up to?
Over the last year, insiders at DDOG have bought more shares than they have sold.
Madre Armelle De, Chief People Officer of DDOG, was the latest DDOG insider to sell. They sold $208,270.40 worth of DDOG shares on Jun 5, 2023.
Research more about who owns DDOG shares here.
Can I rely on DDOG as an income stream?
No, Datadog doesn't provide an income stream by paying out dividends.
What do other traders have to say about DDOG?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your DDOG trade
There are two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, place a limit order.
Click the Open button and your broker will place your order.
If you want additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your investment in DDOG
Now that you own some DDOG shares, you'll want to stay up-to-date on your company.
Add DDOG to a watchlist to track the latest developments regarding your DDOG stock.
DDOG Feed
How to Buy Stock in Datadog
To summarize, 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 are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep tabs on your investment in Datadog, create a watchlist today.
Trending Stock Buying Guides
FAQ
Company
AboutBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.