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

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 85,637 shares of Datadog stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $104.21, for a total transaction of $8,924,231.77. Following the sale, the chief executive officer now owns 405,314 shares of the company’s stock, valued at $42,237,771.94. The transaction 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, July 8th, Olivier Pomel sold 200,993 shares of Datadog stock. The stock was sold at an average price of $131.01, for a total value of $26,332,092.93.
• On Monday, June 3rd, Olivier Pomel sold 98,690 shares of Datadog stock. The stock was sold at an average price of $109.16, for a total value of $10,773,000.40.

Datadog Stock Performance

DDOG traded up $2.57 during trading on Wednesday, hitting $108.04. The stock had a trading volume of 7,803,240 shares, compared to its average volume of 4,085,203. The firm has a market cap of $36.14 billion, a PE ratio of 337.81, a P/E/G ratio of 37.24 and a beta of 1.11. Datadog, Inc. has a 12 month low of $77.81 and a 12 month high of $138.61. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34. The company has a 50 day simple moving average of $119.67 and a 200-day simple moving average of $123.34.

Datadog (NASDAQ:DDOG) last announced its earnings results on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.20. Datadog had a net margin of 5.11% and a return on equity of 7.48%. The firm had revenue of $611.25 million for the quarter, compared to the consensus estimate of $589.97 million. Analysts expect that Datadog, Inc. will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Riverview Trust Co bought a new position in shares of Datadog during the 1st quarter worth about $26,000. SouthState Corp acquired a new stake in shares of Datadog during the 2nd quarter valued at about $26,000. Raleigh Capital Management Inc. acquired a new stake in shares of Datadog during the 4th quarter valued at about $29,000. Private Trust Co. NA boosted its position in shares of Datadog by 743.3% during 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 acquired a new stake in shares of Datadog during the 4th quarter valued at about $33,000. Institutional investors own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on DDOG shares. Baird R W raised shares of Datadog from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 8th. BMO Capital Markets lowered their target price on shares of Datadog from $155.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Wells Fargo & Company raised shares of Datadog from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $130.00 to $150.00 in a research note on Tuesday, April 23rd. Barclays decreased their price target on shares of Datadog from $152.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Finally, Monness Crespi & Hardt raised shares of Datadog from a “sell” rating to a “neutral” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.37.

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.