Olivier Pomel Sells 133,315 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOGGet Free Report) CEO Olivier Pomel sold 133,315 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $129.82, for a total value of $17,306,953.30. Following the completion of the sale, the chief executive officer now directly owns 299,075 shares in the company, valued at $38,825,916.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, January 24th, Olivier Pomel sold 10,000 shares of Datadog stock. The stock was sold at an average price of $130.00, for a total value of $1,300,000.00.
  • On Wednesday, January 3rd, Olivier Pomel sold 85,637 shares of Datadog stock. The stock was sold at an average price of $112.26, for a total value of $9,613,609.62.
  • On Monday, December 4th, Olivier Pomel sold 104,346 shares of Datadog stock. The shares were sold at an average price of $117.26, for a total value of $12,235,611.96.

Datadog Trading Up 2.6 %

Shares of DDOG stock opened at $134.91 on Friday. Datadog, Inc. has a 1 year low of $62.60 and a 1 year high of $137.93. The firm has a fifty day moving average price of $122.73 and a 200-day moving average price of $105.56. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.35 and a quick ratio of 3.35. The company has a market cap of $44.32 billion, a price-to-earnings ratio of -1,124.16, a PEG ratio of 31.68 and a beta of 1.18.

Datadog (NASDAQ:DDOGGet Free Report) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. Datadog had a negative net margin of 1.72% and a negative return on equity of 1.39%. The firm had revenue of $547.54 million during the quarter, compared to the consensus estimate of $523.30 million. As a group, equities analysts predict that Datadog, Inc. will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on DDOG. William Blair reaffirmed an “outperform” rating on shares of Datadog in a research report on Wednesday, November 8th. Needham & Company LLC lifted their price objective on Datadog from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. BMO Capital Markets initiated coverage on Datadog in a research report on Tuesday, January 16th. They set an “outperform” rating and a $140.00 price objective on the stock. Raymond James lifted their target price on shares of Datadog from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Finally, Guggenheim initiated coverage on shares of Datadog in a report on Monday, October 23rd. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.03.

View Our Latest Stock Analysis on DDOG

Institutional Investors Weigh In On Datadog

Hedge funds have recently modified their holdings of the business. Anchor Investment Management LLC bought a new stake in shares of Datadog during the 4th quarter valued at $25,000. BluePath Capital Management LLC bought a new stake in shares of Datadog during the 3rd quarter valued at $31,000. Private Trust Co. NA boosted its holdings in Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after buying an additional 223 shares during the period. Lindbrook Capital LLC boosted its holdings in Datadog by 167.5% in the 2nd quarter. Lindbrook Capital LLC now owns 329 shares of the company’s stock worth $32,000 after buying an additional 206 shares during the period. Finally, AM Squared Ltd bought a new position in Datadog in the 3rd quarter worth $36,000. Institutional investors own 68.30% of the company’s stock.

Datadog Company Profile

(Get Free Report)

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management.

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