Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel Sells 85,637 Shares

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 85,637 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $104.21, for a total transaction of $8,924,231.77. Following the completion of the transaction, the chief executive officer now owns 405,314 shares of the company’s stock, valued at $42,237,771.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Olivier Pomel also recently made the following trade(s):

• On Monday, July 8th, Olivier Pomel sold 200,993 shares of Datadog stock. The stock was sold at an average price of $131.01, for a total transaction of $26,332,092.93.
• On Monday, June 3rd, Olivier Pomel sold 98,690 shares of Datadog stock. The stock was sold at an average price of $109.16, for a total value of $10,773,000.40.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $112.28 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 3.43. The stock’s 50-day moving average is $119.38 and its two-hundred day moving average is $123.02. The company has a market cap of $37.56 billion, a price-to-earnings ratio of 350.88, a price-to-earnings-growth ratio of 37.24 and a beta of 1.11. Datadog, Inc. has a 1-year low of $77.81 and a 1-year high of $138.61.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The company had revenue of $611.25 million for the quarter, compared to analyst estimates of $589.97 million. Analysts forecast that Datadog, Inc. will post 0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DDOG. Norges Bank bought a new position in shares of Datadog during the 4th quarter worth approximately $384,986,000. Kodai Capital Management LP purchased a new stake in Datadog in the 1st quarter valued at about $116,054,000. 1832 Asset Management L.P. boosted its holdings in Datadog by 47.9% in the 4th quarter. 1832 Asset Management L.P. now owns 2,619,500 shares of the company’s stock worth $317,955,000 after buying an additional 848,000 shares during the period. DNB Asset Management AS increased its holdings in shares of Datadog by 1,974.5% in the second quarter. DNB Asset Management AS now owns 847,600 shares of the company’s stock worth $109,925,000 after buying an additional 806,741 shares during the period. Finally, Vanguard Group Inc. raised its stake in Datadog by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 27,259,414 shares of the company’s stock worth $3,308,748,000 after buying an additional 734,539 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DDOG has been the topic of a number of recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $150.00 target price on shares of Datadog in a research note on Monday, July 22nd. Wells Fargo & Company raised shares of Datadog from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $130.00 to $150.00 in a research note on Tuesday, April 23rd. BMO Capital Markets reduced their target price on Datadog from $140.00 to $132.00 and set an “outperform” rating for the company in a report on Friday. BTIG Research raised Datadog from a “neutral” rating to a “buy” rating and set a $143.00 target price for the company in a research report on Thursday, August 1st. Finally, UBS Group upped their target price on shares of Datadog from $120.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.93.

Datadog Company Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.