Datadog, Inc. (NASDAQ:DDOG) CEO Sells $3,111,316.20 in Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 23,924 shares of Datadog stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $130.05, for a total value of $3,111,316.20. Following the sale, the chief executive officer now directly owns 337,247 shares in the company, valued at $43,858,972.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, March 4th, Olivier Pomel sold 42,080 shares of Datadog stock. The shares were sold at an average price of $128.58, for a total transaction of $5,410,646.40.
• On Monday, February 26th, Olivier Pomel sold 19,226 shares of Datadog stock. The shares were sold at an average price of $130.06, for a total transaction of $2,500,533.56.
• On Tuesday, February 6th, Olivier Pomel sold 133,315 shares of Datadog stock. The stock was sold at an average price of $129.82, for a total transaction of $17,306,953.30.

Datadog Trading Up 5.0 %

Shares of NASDAQ:DDOG opened at $131.45 on Friday. The stock’s 50-day simple moving average is $125.25 and its two-hundred day simple moving average is $117.01. The stock has a market capitalization of $43.62 billion, a price-to-earnings ratio of 1,095.42 and a beta of 1.15. Datadog, Inc. has a 52-week low of $63.00 and a 52-week high of $138.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17.

Datadog (NASDAQ:DDOG) last announced its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The company had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. During the same period in the previous year, the business posted ($0.08) earnings per share. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. Analysts expect that Datadog, Inc. will post -0.14 EPS for the current year.

Institutional Investors Weigh In On Datadog

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA bought a new stake in shares of Datadog during the 3rd quarter valued at $189,668,000. Quintet Private Bank Europe S.A. bought a new position in shares of Datadog in the third quarter worth about $270,000. Mengis Capital Management Inc. bought a new position in shares of Datadog in the third quarter worth about $409,000. Bank of New York Mellon Corp grew its position in shares of Datadog by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 1,378,534 shares of the company’s stock worth $125,571,000 after purchasing an additional 33,748 shares in the last quarter. Finally, Cercano Management LLC raised its stake in Datadog by 40.4% during the 3rd quarter. Cercano Management LLC now owns 309,560 shares of the company’s stock valued at $28,198,000 after purchasing an additional 89,019 shares during the period. Institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DDOG shares. Barclays increased their price target on Datadog from $138.00 to $152.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. William Blair restated an “outperform” rating on shares of Datadog in a research report on Friday, February 16th. Mizuho increased their price objective on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $150.00 target price on shares of Datadog in a report on Wednesday, April 17th. Finally, Robert W. Baird increased their price target on Datadog from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Five investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and an average target price of $131.70.

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.