Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CEO Olivier Pomel sold 47,054 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $235.49, for a total value of $11,080,746.46. Following the sale, the chief executive officer directly owned 612,747 shares in the company, valued at $144,295,791.03. This represents a 7.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 Wednesday, August 5th, Olivier Pomel sold 127,141 shares of Datadog stock. The stock was sold at an average price of $286.71, for a total value of $36,452,596.11.
- On Thursday, July 23rd, Olivier Pomel sold 47,054 shares of Datadog stock. The shares were sold at an average price of $244.79, for a total transaction of $11,518,348.66.
- On Tuesday, June 16th, Olivier Pomel sold 84,698 shares of Datadog stock. The stock was sold at an average price of $232.30, for a total transaction of $19,675,345.40.
- 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 shares were sold at an average price of $223.58, for a total transaction of $18,936,778.84.
Datadog Trading Up 1.3%
NASDAQ:DDOG opened at $235.62 on Friday. The stock has a market cap of $84.61 billion, a PE ratio of 480.87, a price-to-earnings-growth ratio of 22.82 and a beta of 1.54. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $292.72. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. The stock’s 50-day moving average is $249.81 and its two-hundred day moving average is $185.94.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on DDOG shares. Wells Fargo & Company boosted their target price on Datadog from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Jefferies Financial Group set a $260.00 target price on shares of Datadog in a research note on Thursday, August 6th. UBS Group cut their price objective on shares of Datadog from $315.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Cantor Fitzgerald upped their price objective on Datadog from $226.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, Canadian Imperial Bank of Commerce boosted their target price on Datadog from $250.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $276.32.
Read Our Latest Stock Report on DDOG
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of DDOG. Brighton Jones LLC acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $209,000. Bison Wealth LLC bought a new position in Datadog in the fourth quarter valued at $228,000. Empowered Funds LLC increased its stake in Datadog by 7.0% in the 1st quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock valued at $1,023,000 after buying an additional 672 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Datadog by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after buying an additional 115 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in Datadog during the 2nd quarter worth about $509,000. 78.29% of the stock is owned by institutional investors and hedge funds.
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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