Does Datadog (DDOG) Offer Value After Recent Share Price Weakness?
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If you are wondering whether Datadog’s current share price gives you good value for its growth story, this article will help you frame that question using several valuation angles.
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The stock recently closed at US$137.10, with a 7 day return of a 0.3% decline, a 30 day return of a 9.5% decline, a 2.5% gain year to date, a 3.0% decline over 1 year and a 105.3% gain over 3 years, while the 5 year return stands at 29.9%.
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Recent news flow around Datadog has focused on its role in cloud monitoring and security, as well as ongoing interest from investors who follow high growth software names. This context helps explain why recent price moves have attracted attention from both growth oriented and valuation focused investors.
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