Datadog, Inc. (NASDAQ:DDOG) CEO Sells $21,570,588.16 in Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 145,472 shares of the stock in a transaction dated Wednesday, January 12th. The shares were sold at an average price of $148.28, for a total transaction of $21,570,588.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, December 27th, Olivier Pomel sold 145,472 shares of Datadog stock. The shares were sold at an average price of $182.72, for a total transaction of $26,580,643.84.
  • On Tuesday, December 14th, Olivier Pomel sold 145,472 shares of Datadog stock. The shares were sold at an average price of $158.24, for a total transaction of $23,019,489.28.
  • On Thursday, December 2nd, Olivier Pomel sold 2,377 shares of Datadog stock. The stock was sold at an average price of $165.55, for a total transaction of $393,512.35.
  • On Monday, November 22nd, Olivier Pomel sold 145,472 shares of Datadog stock. The stock was sold at an average price of $184.45, for a total transaction of $26,832,310.40.
  • On Wednesday, November 10th, Olivier Pomel sold 145,472 shares of Datadog stock. The stock was sold at an average price of $190.88, for a total transaction of $27,767,695.36.
  • On Monday, October 25th, Olivier Pomel sold 218,208 shares of Datadog stock. The stock was sold at an average price of $162.22, for a total transaction of $35,397,701.76.

Shares of Datadog stock opened at $138.28 on Friday. Datadog, Inc. has a 1 year low of $69.73 and a 1 year high of $199.68. The firm has a market cap of $43.15 billion, a PE ratio of -987.64 and a beta of 1.01. The company has a debt-to-equity ratio of 0.77, a current ratio of 3.94 and a quick ratio of 3.94. The company has a 50 day simple moving average of $172.77 and a two-hundred day simple moving average of $147.43.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. Datadog had a negative net margin of 5.01% and a negative return on equity of 2.72%. The business had revenue of $270.50 million during the quarter, compared to analyst estimates of $247.82 million. During the same period in the previous year, the business posted ($0.02) earnings per share. Datadog’s revenue for the quarter was up 74.9% on a year-over-year basis. As a group, research analysts anticipate that Datadog, Inc. will post -0.06 earnings per share for the current year.

DDOG has been the subject of a number of research analyst reports. Mizuho raised their price objective on shares of Datadog from $170.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, November 5th. Needham & Company LLC raised their price objective on shares of Datadog from $173.00 to $236.00 and gave the stock a “buy” rating in a report on Monday, November 8th. JPMorgan Chase & Co. lowered shares of Datadog from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $212.00 to $195.00 in a research report on Tuesday, December 14th. Royal Bank of Canada upgraded shares of Datadog from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $191.00 to $235.00 in a research report on Friday, November 19th. Finally, Jefferies Financial Group cut their target price on shares of Datadog from $230.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 6th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $169.57.

Institutional investors have recently made changes to their positions in the business. Spire Wealth Management raised its stake in shares of Datadog by 213.2% during the fourth quarter. Spire Wealth Management now owns 1,851 shares of the company’s stock worth $330,000 after acquiring an additional 1,260 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Datadog during the fourth quarter worth approximately $2,440,000. Diversified Trust Co raised its stake in shares of Datadog by 25.5% during the fourth quarter. Diversified Trust Co now owns 2,853 shares of the company’s stock worth $508,000 after acquiring an additional 579 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Datadog by 443.0% during the fourth quarter. IFP Advisors Inc now owns 10,638 shares of the company’s stock worth $1,896,000 after acquiring an additional 8,679 shares in the last quarter. Finally, Stonnington Group LLC raised its stake in shares of Datadog by 85.6% during the fourth quarter. Stonnington Group LLC now owns 17,500 shares of the company’s stock worth $2,601,000 after acquiring an additional 8,070 shares in the last quarter. Institutional investors and hedge funds own 62.94% of the company’s stock.

Datadog Company Profile

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of customers technology stack.

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