Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel Sells 85,637 Shares

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 85,637 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $122.61, for a total transaction of $10,499,952.57. Following the transaction, the chief executive officer now directly owns 392,111 shares of the company’s stock, valued at approximately $48,076,729.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, August 5th, Olivier Pomel sold 85,637 shares of Datadog stock. The stock was sold at an average price of $104.21, for a total transaction of $8,924,231.77.

Datadog Stock Performance

Shares of NASDAQ DDOG traded up $1.44 during midday trading on Wednesday, reaching $125.16. The stock had a trading volume of 3,142,297 shares, compared to its average volume of 3,829,158. The company’s 50 day moving average price is $113.79 and its 200 day moving average price is $119.16. Datadog, Inc. has a twelve month low of $77.81 and a twelve month high of $138.61. The firm has a market cap of $41.87 billion, a price-to-earnings ratio of 390.91, a price-to-earnings-growth ratio of 28.94 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 8th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $645.28 million for the quarter, compared to analysts’ expectations of $624.92 million. Datadog had a net margin of 6.81% and a return on equity of 9.01%. The business’s revenue for the quarter was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 EPS. Equities analysts forecast that Datadog, Inc. will post 0.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Datadog

Large investors have recently added to or reduced their stakes in the business. Capital Insight Partners LLC increased its position in shares of Datadog by 4.0% during the third quarter. Capital Insight Partners LLC now owns 4,813 shares of the company’s stock valued at $554,000 after buying an additional 184 shares during the period. Wedmont Private Capital boosted its position in shares of Datadog by 11.5% during the third quarter. Wedmont Private Capital now owns 1,985 shares of the company’s stock valued at $243,000 after buying an additional 205 shares during the last quarter. CWM LLC raised its holdings in shares of Datadog by 69.1% during the third quarter. CWM LLC now owns 10,347 shares of the company’s stock valued at $1,190,000 after purchasing an additional 4,229 shares during the last quarter. StoneCrest Wealth Management Inc. lifted its holdings in shares of Datadog by 3.0% during the 3rd quarter. StoneCrest Wealth Management Inc. now owns 4,897 shares of the company’s stock valued at $563,000 after buying an additional 144 shares during the period. Finally, Leibman Financial Services Inc. grew its stake in shares of Datadog by 2.2% during the 3rd quarter. Leibman Financial Services Inc. now owns 18,252 shares of the company’s stock valued at $2,100,000 after purchasing an additional 393 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

DDOG has been the topic of several research reports. Wedbush reiterated an “outperform” rating and issued a $155.00 price objective on shares of Datadog in a research note on Friday, August 9th. Monness Crespi & Hardt upgraded Datadog from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 7th. Scotiabank lowered their price objective on Datadog from $145.00 to $135.00 and set a “sector outperform” rating on the stock in a research note on Friday, August 9th. Mizuho upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $135.00 to $155.00 in a research report on Tuesday, July 16th. Finally, Evercore ISI assumed coverage on shares of Datadog in a research report on Monday, July 15th. They set an “outperform” rating and a $150.00 price target on the stock. Four research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.19.

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.