Datadog, Inc. (NASDAQ:DDOG) CEO Sells $9,376,185.45 in Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 107,365 shares of Datadog stock in a transaction on Monday, April 7th. The shares were sold at an average price of $87.33, for a total transaction of $9,376,185.45. Following the completion of the sale, the chief executive officer now owns 563,598 shares in the company, valued at $49,219,013.34. The trade was a 16.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, March 7th, Olivier Pomel sold 107,365 shares of Datadog stock. The stock was sold at an average price of $109.56, for a total transaction of $11,762,909.40.
• 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.

Datadog Stock Performance

NASDAQ:DDOG opened at $97.44 on Thursday. The firm has a market cap of $33.40 billion, a P/E ratio of 191.06, a P/E/G ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The firm has a 50-day simple moving average of $114.16 and a two-hundred day simple moving average of $129.41.

Datadog (NASDAQ:DDOG) last announced 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 return on equity of 8.28% and a net margin of 6.85%. On average, equities research analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Institutional Trading of Datadog

Large investors have recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC purchased a new position in Datadog during the fourth quarter valued at approximately $30,000. Avior Wealth Management LLC lifted its holdings in Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after purchasing an additional 81 shares in the last quarter. Putney Financial Group LLC purchased a new position in Datadog during the fourth quarter valued at approximately $32,000. Quarry LP purchased a new position in Datadog during the third quarter valued at approximately $33,000. Finally, Elequin Capital LP purchased a new position in Datadog during the fourth quarter valued at approximately $34,000. 78.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DDOG shares. Wells Fargo & Company downgraded shares of Datadog from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $152.00 to $140.00 in a report on Thursday, February 13th. Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and reduced their target price for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. Citigroup reduced their target price on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 14th. Loop Capital lifted their target price on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $143.00 target price on shares of Datadog in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.67.

Datadog Company Profile

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.