Datadog Inc. Stock Performance
Datadog Inc.’s stock price has declined despite the overall market gaining. The company’s stock price has fallen to a 52-week low.
Recent Acquisition
Datadog acquired Eppo, a startup valued at $220 million, in a recent transaction. The acquisition has not positively impacted the company’s stock performance.
Market Comparison
The NASDAQ 100 index has risen by over 3% in the past few weeks, indicating a positive market trend. However, Datadog’s stock price has not kept pace with this growth.
Portfolio Performance
Datadog was one of the top detractors in a fund’s portfolio, contributing to its underperformance. The exact impact of the company’s stock on portfolio performance is not specified.
Key Statistics
- Datadog’s stock price has declined despite the overall market gaining.
- The company’s stock price has fallen to a 52-week low.
- The NASDAQ 100 index has risen by over 3% in the past few weeks.