Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CEO Olivier Pomel sold 84,698 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $232.30, for a total value of $19,675,345.40. Following the completion of the sale, the chief executive officer owned 612,747 shares in the company, valued at approximately $142,341,128.10. The trade was a 12.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Olivier Pomel also recently made the following trade(s):
- On Monday, June 8th, Olivier Pomel sold 127,141 shares of Datadog stock. The stock was sold at an average price of $231.69, for a total value of $29,457,298.29.
- On Tuesday, June 2nd, Olivier Pomel sold 26,012 shares of Datadog stock. The shares were sold at an average price of $267.15, for a total value of $6,949,105.80.
- On Tuesday, May 26th, Olivier Pomel sold 84,698 shares of Datadog stock. The stock was sold at an average price of $223.58, for a total transaction of $18,936,778.84.
- On Monday, May 11th, Olivier Pomel sold 127,141 shares of Datadog stock. The shares were sold at an average price of $199.84, for a total transaction of $25,407,857.44.
- On Thursday, April 9th, Olivier Pomel sold 42,443 shares of Datadog stock. The shares were sold at an average price of $111.14, for a total transaction of $4,717,115.02.
Datadog Price Performance
DDOG stock opened at $223.00 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40. Datadog, Inc. has a one year low of $98.01 and a one year high of $278.70. The stock has a market cap of $79.38 billion, a PE ratio of 586.86, a P/E/G ratio of 24.27 and a beta of 1.56. The firm has a 50 day simple moving average of $187.09 and a two-hundred day simple moving average of $149.26.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on DDOG shares. Truist Financial raised Datadog from a “hold” rating to a “buy” rating and raised their price objective for the company from $190.00 to $300.00 in a report on Monday. Wedbush initiated coverage on Datadog in a research note on Monday. They issued a “neutral” rating for the company. Weiss Ratings upgraded shares of Datadog from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. UBS Group lifted their price target on shares of Datadog from $195.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Guggenheim boosted their price objective on shares of Datadog from $175.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.48.
View Our Latest Research Report on DDOG
Hedge Funds Weigh In On Datadog
Institutional investors and hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC raised its stake in shares of Datadog by 126.6% during the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Datadog in the third quarter worth $27,000. CoreCap Advisors LLC grew its stake in shares of Datadog by 1,461.5% in the fourth quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after acquiring an additional 190 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Datadog during the fourth quarter valued at $31,000. Finally, NBC Securities Inc. raised its holdings in Datadog by 242.6% in the fourth quarter. NBC Securities Inc. now owns 233 shares of the company’s stock worth $32,000 after buying an additional 165 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.
Key Datadog News
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Truist upgraded Datadog to Buy from Hold and raised its price target to $300, highlighting confidence in Datadog’s growth outlook and AI-related demand. Truist upgrades Datadog to Buy from Neutral
- Positive Sentiment: Scotiabank raised its price target on Datadog to $275 from $225 and maintained a Sector Outperform rating, adding to the wave of bullish analyst commentary. Scotiabank adjusts price target on Datadog to 275 from 225
- Positive Sentiment: Citigroup and Capital One also lifted their targets to $270 and $268, respectively, reinforcing expectations for continued upside from durable AI-driven demand and cloud monitoring growth. Citi raises Datadog target to $270 citing durable AI-driven demand
- Neutral Sentiment: Coverage around Datadog’s Q1 results and product momentum, including stronger AI observability and security offerings, continues to support the bull case, but it is largely a continuation of existing growth themes rather than a fresh catalyst. Datadog strongest Q1 results from the cloud monitoring group
- Negative Sentiment: Recent insider selling, including sales by CEO Olivier Pomel, General Counsel Kerry Acocella, and Director Amit Agarwal, may be weighing on sentiment even though the trades were made under pre-arranged 10b5-1 plans. Datadog insider trade details
Datadog Company Profile
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
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