Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CEO Sells 11,195 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $139.86, for a total value of $1,565,732.70. Following the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $53,103,862.98. The trade was a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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.
• On Monday, December 9th, Olivier Pomel sold 178,723 shares of Datadog stock. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44.

Datadog Stock Performance

NASDAQ:DDOG traded down $5.96 during trading hours on Wednesday, reaching $145.93. The company’s stock had a trading volume of 7,283,154 shares, compared to its average volume of 4,002,261. The company has a market capitalization of $49.58 billion, a P/E ratio of 275.35, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14. The stock has a 50 day moving average price of $148.05 and a two-hundred day moving average price of $129.18. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC grew its stake in Datadog by 47.9% in the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock valued at $1,325,826,000 after purchasing an additional 3,005,300 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Datadog by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock valued at $595,438,000 after buying an additional 125,457 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Datadog by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock worth $232,988,000 after acquiring an additional 46,746 shares in the last quarter. Holocene Advisors LP lifted its position in Datadog by 205.2% during the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after acquiring an additional 1,097,815 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Datadog by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,176,577 shares of the company’s stock valued at $135,377,000 after acquiring an additional 29,404 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DDOG. BMO Capital Markets lifted their target price on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Sanford C. Bernstein dropped their price objective on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Mizuho lifted their target price on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Barclays lifted their price target on shares of Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Guggenheim reiterated a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $157.59.

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.