Datadog, Inc. (NASDAQ:DDOG) CEO Sells $10,739,736.17 in Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 85,637 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $125.41, for a total transaction of $10,739,736.17. Following the sale, the chief executive officer now directly owns 337,247 shares of the company’s stock, valued at approximately $42,294,146.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, April 23rd, Olivier Pomel sold 23,924 shares of Datadog stock. The stock was sold at an average price of $130.05, for a total transaction of $3,111,316.20.
• On Monday, March 4th, Olivier Pomel sold 42,080 shares of Datadog stock. The stock was sold at an average price of $128.58, for a total value of $5,410,646.40.
• On Monday, February 26th, Olivier Pomel sold 19,226 shares of Datadog stock. The stock was sold at an average price of $130.06, for a total value of $2,500,533.56.

Datadog Stock Up 4.3 %

NASDAQ:DDOG traded up $4.88 on Wednesday, hitting $117.28. The stock had a trading volume of 8,312,567 shares, compared to its average volume of 4,288,102. Datadog, Inc. has a 1 year low of $77.81 and a 1 year high of $138.61. The firm’s fifty day simple moving average is $124.57 and its two-hundred day simple moving average is $119.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. The stock has a market cap of $38.92 billion, a P/E ratio of 973.67 and a beta of 1.14.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DDOG. Barclays dropped their target price on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday. Wells Fargo & Company upgraded shares of Datadog from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $130.00 to $150.00 in a report on Tuesday, April 23rd. Needham & Company LLC restated a “buy” rating and set a $165.00 price objective on shares of Datadog in a research report on Tuesday. Canaccord Genuity Group reiterated a “buy” rating and issued a $150.00 target price on shares of Datadog in a research report on Friday, February 23rd. Finally, William Blair reissued an “outperform” rating on shares of Datadog in a research note on Friday, February 16th. Four analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.58.

Hedge Funds Weigh In On Datadog

Institutional investors have recently added to or reduced their stakes in the business. Riverview Trust Co purchased a new position in Datadog in the 1st quarter worth $26,000. Anchor Investment Management LLC purchased a new stake in shares of Datadog in the fourth quarter worth $25,000. Raleigh Capital Management Inc. bought a new position in shares of Datadog in the fourth quarter worth approximately $29,000. Private Trust Co. NA lifted its position in Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after acquiring an additional 223 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in Datadog in the 4th quarter worth about $33,000. 78.29% of the stock is currently owned by institutional investors.

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.