Datadog, Inc. (NASDAQ:DDOG) CEO Sells $13,067,394.15 in Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 107,365 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $121.71, for a total transaction of $13,067,394.15. Following the completion of the transaction, the chief executive officer now directly owns 548,715 shares in the company, valued at $66,784,102.65. The trade was a 16.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, June 2nd, Olivier Pomel sold 15,227 shares of Datadog stock. The shares were sold at an average price of $116.84, for a total transaction of $1,779,122.68.
• On Monday, April 7th, Olivier Pomel sold 107,365 shares of Datadog stock. The shares were sold at an average price of $87.33, for a total transaction of $9,376,185.45.

Datadog Trading Down 1.8%

NASDAQ:DDOG opened at $120.45 on Friday. The company has a 50-day moving average price of $108.01 and a 200-day moving average price of $123.55. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The stock has a market cap of $41.60 billion, a price-to-earnings ratio of 236.18, a P/E/G ratio of 44.03 and a beta of 1.01.

Datadog (NASDAQ:DDOG) last posted its earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The firm had revenue of $761.55 million during the quarter, compared to analysts’ expectations of $741.73 million. During the same period last year, the company posted $0.44 EPS. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. Equities analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. OVERSEA CHINESE BANKING Corp Ltd lifted its position in Datadog by 887.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock valued at $25,000 after acquiring an additional 22,646 shares during the period. Cornerstone Planning Group LLC lifted its position in Datadog by 96.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after acquiring an additional 154 shares during the period. Costello Asset Management INC purchased a new position in Datadog during the 1st quarter valued at about $30,000. Putney Financial Group LLC purchased a new position in Datadog during the 4th quarter valued at about $32,000. Finally, Elequin Capital LP purchased a new position in Datadog during the 4th quarter valued at about $34,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Stifel Nicolaus set a $120.00 target price on shares of Datadog in a report on Tuesday, May 6th. Macquarie reduced their target price on shares of Datadog from $175.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Citigroup reduced their target price on shares of Datadog from $170.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Finally, Needham & Company LLC increased their target price on shares of Datadog from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $142.25.

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.