Datadog, Inc. (NASDAQ:DDOG) CEO Sells $11,762,909.40 in Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 107,365 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $109.56, for a total transaction of $11,762,909.40. Following the sale, the chief executive officer now owns 435,793 shares in the company, valued at $47,745,481.08. This trade represents a 19.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, January 27th, Olivier Pomel sold 11,195 shares of Datadog stock. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70.
• On Wednesday, December 18th, Olivier Pomel sold 19,226 shares of Datadog stock. The stock was sold at an average price of $153.73, for a total transaction of $2,955,612.98.

Datadog Stock Up 0.1 %

DDOG stock opened at $102.03 on Thursday. The company has a market cap of $34.97 billion, a PE ratio of 200.06, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. The business has a 50-day simple moving average of $132.57 and a 200 day simple moving average of $131.45. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DDOG shares. Rosenblatt Securities raised their price target on shares of Datadog from $148.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Royal Bank of Canada raised their price target on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Wells Fargo & Company cut shares of Datadog from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $152.00 to $140.00 in a research note on Thursday, February 13th. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Finally, Macquarie reaffirmed an “outperform” rating and set a $200.00 price target on shares of Datadog in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and an average price target of $158.70.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DDOG. Atria Investments Inc raised its stake in Datadog by 9.5% during the third quarter. Atria Investments Inc now owns 4,802 shares of the company’s stock worth $553,000 after acquiring an additional 416 shares in the last quarter. Covestor Ltd raised its stake in Datadog by 14.1% during the third quarter. Covestor Ltd now owns 1,091 shares of the company’s stock worth $126,000 after acquiring an additional 135 shares in the last quarter. Sigma Planning Corp raised its stake in Datadog by 8.9% during the third quarter. Sigma Planning Corp now owns 5,645 shares of the company’s stock worth $649,000 after acquiring an additional 460 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in Datadog by 172.2% during the third quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock worth $4,469,000 after acquiring an additional 24,574 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in Datadog during the third quarter worth about $54,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

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.