Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel Sells 19,226 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 19,226 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $153.73, for a total transaction of $2,955,612.98. Following the sale, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at approximately $58,370,204.89. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, December 9th, Olivier Pomel sold 178,723 shares of Datadog stock. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44.
• On Monday, October 7th, Olivier Pomel sold 85,637 shares of Datadog stock. The shares were sold at an average price of $122.61, for a total transaction of $10,499,952.57.

Datadog Stock Up 1.7 %

DDOG stock opened at $149.46 on Friday. The firm has a 50 day moving average of $139.29 and a 200 day moving average of $125.12. The stock has a market capitalization of $50.77 billion, a PE ratio of 282.01, a price-to-earnings-growth ratio of 20.27 and a beta of 1.11. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DDOG. Scotiabank lowered their price target on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a report on Friday, November 8th. BMO Capital Markets raised their price objective on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. DA Davidson boosted their target price on Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Sanford C. Bernstein dropped their price objective on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Finally, Citigroup increased their target price on shares of Datadog from $150.00 to $157.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and an average target price of $155.56.

Hedge Funds Weigh In On Datadog

A number of institutional investors have recently modified their holdings of the stock. SouthState Corp acquired a new position in shares of Datadog during the 2nd quarter worth about $26,000. True Wealth Design LLC lifted its position in shares of Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares during the last quarter. Quarry LP purchased a new stake in shares of Datadog during the third quarter worth approximately $33,000. Finally, Blue Trust Inc. acquired a new position in Datadog in the 2nd quarter valued at $37,000. 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.