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 $108.12, up 1.29% from the previous day, and has increased 7.5% in one year. It has underperformed other stocks in the Software - Application industry by 0.08 percentage points. Datadog stock is currently +38.95% from its 52-week low of $77.81, and -22% from its 52-week high of $138.61.
As of Sep 10, 2024, there are 337.15M DDOG shares outstanding. The market value of DDOG is $36.45B. In the past 24 hours, 2.36M 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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- 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 216.24x, relative to Software - Application industry P/E ratio of 30.75x
- DDOG may be overvalued based on its P/B ratio of 15.14x, relative to Software - Application industry P/B ratio of 6.4x
- DDOG could be overvalued based on its PEG ratio of 14.74x
You can access additional valuation analysis on DDOG's stock here.
How do DDOG Financials look?
Pros:
- DDOG profit margin has gone up from -4.4% to 6.8% 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 $749.70M allows it to safely service it's debt of $962.37M.
- 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 $180.99M is not sufficient to cover its interest payments.
Cons:
- DDOG has a relatively high debt to equity ratio of 0.83.
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
Raimo Lenschow, a top 1% analyst from Barclays maintains DDOG with a strong buy rating and lowers their DDOG price target from $145.00 to $140.00, on Aug 9, 2024.
Mike Cikos, a top 7% analyst from Needham maintains DDOG with a buy rating and lowers their DDOG price target from $165.00 to $140.00, on Aug 9, 2024.
Gray Powell, a top 6% analyst from BTIG upgrades DDOG to a strong buy rating and announces their DDOG price target of $143.00, on Aug 1, 2024.
Yi Fu Lee, a bottom 8% analyst from Cantor Fitzgerald reiterates DDOG with a strong buy rating and maintains their DDOG price target from $150.00 to $150.00, on Jul 22, 2024.
Gregg Moskowitz, a top 7% analyst from Mizuho upgrades DDOG to a buy rating and raises their DDOG price target from $135.00 to $155.00, on Jul 16, 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 earnings were $163.08M. Over the last 4 year, DDOG's earnings have increased by 69.9% per year. This was slower than the Software - Application industry average of 94.89%.
Last year, DDOG revenue was $2.39B. Over the last five year, DDOG's revenue has increased by 55.19% per year. This was faster than the Software - Application industry average of 27.13%.
Dive into DDOG's earnings and revenue performance here.
What are DDOG executives and large shareholders up to?
In the last 12 months, insiders at DDOG have sold more shares than they have bought.
Olivier Pomel, Chief Executive Officer of DDOG, was the latest DDOG insider to sell. They sold $102,242.08 worth of DDOG stock on Sep 9, 2024.
Research more about who owns DDOG stock 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 major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your DDOG trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount limit, place a limit order.
Hit the Open button and eToro will execute your order.
If you require additional info about investing in stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your investment in DDOG
Now that you own some DDOG stock, you'll want to keep up with your new shares.
Put DDOG on a watchlist to track 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 account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep track of your investment in Datadog, click below.
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