Olivier Pomel Sells 100,754 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 100,754 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $131.88, for a total transaction of $13,287,437.52. Following the completion of the transaction, the chief executive officer now owns 548,715 shares of the company’s stock, valued at $72,364,534.20. The trade was a 15.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, June 9th, Olivier Pomel sold 107,365 shares of Datadog stock. The stock was sold at an average price of $121.71, for a total transaction of $13,067,394.15.
• 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 stock was sold at an average price of $87.33, for a total value of $9,376,185.45.

Datadog Price Performance

Datadog stock opened at $132.08 on Friday. The stock’s 50 day moving average is $115.26 and its 200 day moving average is $121.55. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The firm has a market cap of $45.61 billion, a P/E ratio of 287.14, a P/E/G ratio of 72.53 and a beta of 1.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.74 and a quick ratio of 2.74.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.04. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The firm had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. During the same quarter last year, the business earned $0.44 EPS. The company’s revenue was up 24.6% compared to the same quarter last year. As a group, research analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

DDOG has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price target on Datadog from $140.00 to $115.00 and set an “equal weight” rating for the company in a report on Wednesday, May 7th. Rosenblatt Securities lowered their target price on Datadog from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Scotiabank set a $130.00 target price on shares of Datadog and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Canaccord Genuity Group decreased their price target on shares of Datadog from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Finally, UBS Group upped their price objective on shares of Datadog from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, June 11th. Six analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $143.03.

Hedge Funds Weigh In On Datadog

Several hedge funds and other institutional investors have recently bought and sold shares of DDOG. AG2R LA Mondiale Gestion D Actifs acquired a new stake in Datadog during the 1st quarter worth about $1,172,000. Inspire Investing LLC boosted its position in shares of Datadog by 70.4% during the 1st quarter. Inspire Investing LLC now owns 3,078 shares of the company’s stock valued at $305,000 after purchasing an additional 1,272 shares in the last quarter. DLD Asset Management LP acquired a new stake in Datadog during the first quarter worth approximately $1,379,000. Siren L.L.C. increased its holdings in Datadog by 55.9% in the first quarter. Siren L.L.C. now owns 47,425 shares of the company’s stock worth $4,705,000 after purchasing an additional 17,000 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Datadog by 17.6% in the first quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds 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.