Olivier Pomel Sells 11,195 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 11,195 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $139.86, for a total value of $1,565,732.70. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at $53,103,862.98. This trade represents a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, December 18th, Olivier Pomel sold 19,226 shares of Datadog stock. The shares were sold at an average price of $153.73, for a total value of $2,955,612.98.
• On Monday, December 9th, Olivier Pomel sold 178,723 shares of Datadog stock. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44.

Datadog Stock Down 2.1 %

DDOG stock opened at $142.61 on Friday. The firm has a market cap of $48.45 billion, a price-to-earnings ratio of 269.08, a PEG ratio of 16.28 and a beta of 1.14. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08. The business’s fifty day simple moving average is $148.26 and its two-hundred day simple moving average is $129.30.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DDOG. Scotiabank reduced their price target on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. BNP Paribas began coverage on shares of Datadog in a research note on Tuesday, October 8th. They set an “outperform” rating and a $150.00 target price for the company. Loop Capital raised their price target on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Royal Bank of Canada upped their price objective on Datadog from $151.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Monness Crespi & Hardt raised Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $157.59.

Institutional Investors Weigh In On Datadog

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jennison Associates LLC increased its position in shares of Datadog by 47.9% during the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock worth $1,325,826,000 after acquiring an additional 3,005,300 shares during the period. Holocene Advisors LP increased its holdings in Datadog by 205.2% during the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock worth $187,878,000 after purchasing an additional 1,097,815 shares during the period. Champlain Investment Partners LLC bought a new stake in Datadog during the 3rd quarter valued at $52,561,000. Eagle Asset Management Inc. lifted its holdings in shares of Datadog by 72.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock worth $113,844,000 after buying an additional 384,121 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Datadog by 51.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 608,252 shares of the company’s stock worth $69,985,000 after buying an additional 206,696 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

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.