Datadog (NASDAQ:DDOG) CEO Sells $5,090,883.49 in Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 32,923 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $154.63, for a total value of $5,090,883.49. Following the completion of the transaction, the chief executive officer directly owned 518,133 shares in the company, valued at $80,118,905.79. This represents a 5.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, December 2nd, Olivier Pomel sold 15,225 shares of Datadog stock. The stock was sold at an average price of $158.60, for a total value of $2,414,685.00.
• On Monday, November 17th, Olivier Pomel sold 100,754 shares of Datadog stock. The stock was sold at an average price of $181.18, for a total value of $18,254,609.72.
• On Monday, November 17th, Olivier Pomel sold 100,754 shares of Datadog stock. The shares were sold at an average price of $181.18, for a total value of $18,254,609.72.
• On Monday, November 3rd, Olivier Pomel sold 62,682 shares of Datadog stock. The shares were sold at an average price of $163.90, for a total value of $10,273,579.80.
• On Wednesday, October 22nd, Olivier Pomel sold 11,195 shares of Datadog stock. The stock was sold at an average price of $154.35, for a total value of $1,727,948.25.
• On Tuesday, October 7th, Olivier Pomel sold 32,923 shares of Datadog stock. The shares were sold at an average price of $154.43, for a total transaction of $5,084,298.89.
• On Thursday, October 9th, Olivier Pomel sold 63,939 shares of Datadog stock. The stock was sold at an average price of $165.02, for a total transaction of $10,551,213.78.
• On Wednesday, October 8th, Olivier Pomel sold 25,620 shares of Datadog stock. The stock was sold at an average price of $165.01, for a total transaction of $4,227,556.20.
• On Tuesday, September 23rd, Olivier Pomel sold 11,195 shares of Datadog stock. The shares were sold at an average price of $137.94, for a total transaction of $1,544,238.30.
• On Monday, September 8th, Olivier Pomel sold 32,923 shares of Datadog stock. The stock was sold at an average price of $135.74, for a total transaction of $4,468,968.02.

Datadog Trading Down 1.8%

NASDAQ DDOG traded down $2.83 on Thursday, hitting $153.00. 3,657,455 shares of the stock were exchanged, compared to its average volume of 5,479,387. The company’s 50-day moving average price is $162.18 and its two-hundred day moving average price is $142.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $201.69. The company has a market capitalization of $53.65 billion, a price-to-earnings ratio of 493.55, a P/E/G ratio of 35.52 and a beta of 1.23.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The business had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter last year, the firm posted $0.46 earnings per share. Datadog’s revenue was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. Research analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Institutional Investors Weigh In On Datadog

Several institutional investors and hedge funds have recently modified their holdings of DDOG. Allworth Financial LP increased its position in Datadog by 5.1% during the third quarter. Allworth Financial LP now owns 2,249 shares of the company’s stock worth $320,000 after buying an additional 109 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Datadog by 2.6% during the 3rd quarter. IFP Advisors Inc now owns 14,712 shares of the company’s stock worth $2,098,000 after acquiring an additional 369 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in shares of Datadog by 10.4% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 28,126 shares of the company’s stock valued at $4,005,000 after acquiring an additional 2,651 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Datadog during the 3rd quarter valued at about $2,599,000. Finally, Watts Gwilliam & Co. LLC raised its stake in shares of Datadog by 0.6% in the 3rd quarter. Watts Gwilliam & Co. LLC now owns 17,832 shares of the company’s stock valued at $2,539,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the topic of several research analyst reports. Macquarie lifted their target price on Datadog from $175.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Datadog in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Datadog from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Raymond James Financial lifted their target price on shares of Datadog from $170.00 to $205.00 in a research note on Thursday, November 6th. Finally, UBS Group upped their price target on shares of Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Thirty-one investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $207.38.

About Datadog

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.