Olivier Pomel Sells 15,225 Shares of Datadog (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 15,225 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total value of $2,414,685.00. Following the completion of the sale, the chief executive officer owned 518,133 shares in the company, valued at $82,175,893.80. The trade was a 2.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, December 3rd, Olivier Pomel sold 32,923 shares of Datadog stock. The shares were sold at an average price of $154.63, for a total value of $5,090,883.49.
• On Monday, November 17th, Olivier Pomel sold 100,754 shares of Datadog stock. The stock was sold at an average price of $181.18, for a total value of $18,254,609.72.
• On Monday, November 17th, Olivier Pomel sold 100,754 shares of Datadog stock. The shares were sold at an average price of $181.18, for a total value of $18,254,609.72.
• On Monday, November 3rd, Olivier Pomel sold 62,682 shares of Datadog stock. The stock was sold at an average price of $163.90, for a total value of $10,273,579.80.
• On Wednesday, October 22nd, Olivier Pomel sold 11,195 shares of Datadog stock. The stock was sold at an average price of $154.35, for a total transaction of $1,727,948.25.
• On Tuesday, October 7th, Olivier Pomel sold 32,923 shares of Datadog stock. The shares were sold at an average price of $154.43, for a total transaction of $5,084,298.89.
• On Thursday, October 9th, Olivier Pomel sold 63,939 shares of Datadog stock. The shares were sold at an average price of $165.02, for a total transaction of $10,551,213.78.
• On Wednesday, October 8th, Olivier Pomel sold 25,620 shares of Datadog stock. The stock was sold at an average price of $165.01, for a total transaction of $4,227,556.20.
• On Tuesday, September 23rd, Olivier Pomel sold 11,195 shares of Datadog stock. The shares were sold at an average price of $137.94, for a total transaction of $1,544,238.30.
• On Monday, September 8th, Olivier Pomel sold 32,923 shares of Datadog stock. The shares were sold at an average price of $135.74, for a total transaction of $4,468,968.02.

Datadog Stock Performance

DDOG stock opened at $151.41 on Friday. The stock has a market capitalization of $53.09 billion, a PE ratio of 488.42, a price-to-earnings-growth ratio of 34.15 and a beta of 1.23. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $162.75 and its 200 day simple moving average is $143.22.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The business had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. During the same quarter last year, the company earned $0.46 EPS. The company’s quarterly revenue was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. As a group, research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on DDOG. Canaccord Genuity Group upped their target price on shares of Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Barclays increased their price objective on shares of Datadog from $170.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Datadog in a research report on Wednesday, October 8th. Needham & Company LLC increased their price target on Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Royal Bank Of Canada raised their price target on Datadog from $182.00 to $216.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Thirty-one analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $207.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP grew its holdings in Datadog by 5.1% during the 3rd quarter. Allworth Financial LP now owns 2,249 shares of the company’s stock worth $320,000 after acquiring an additional 109 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Datadog by 2.6% during the third quarter. IFP Advisors Inc now owns 14,712 shares of the company’s stock valued at $2,098,000 after purchasing an additional 369 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in Datadog by 10.4% during the third quarter. Swiss Life Asset Management Ltd now owns 28,126 shares of the company’s stock valued at $4,005,000 after buying an additional 2,651 shares during the period. BlueCrest Capital Management Ltd bought a new position in Datadog in the third quarter worth approximately $2,599,000. Finally, Watts Gwilliam & Co. LLC raised its stake in Datadog by 0.6% in the third quarter. Watts Gwilliam & Co. LLC now owns 17,832 shares of the company’s stock worth $2,539,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

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.