Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel Sells 15,227 Shares

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 15,227 shares of Datadog stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $116.84, for a total value of $1,779,122.68. Following the completion of the transaction, the chief executive officer now owns 548,715 shares in the company, valued at $64,111,860.60. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 value of $9,376,185.45.
• On Friday, March 7th, Olivier Pomel sold 107,365 shares of Datadog stock. The shares were sold at an average price of $109.56, for a total value of $11,762,909.40.

Datadog Trading Up 0.9%

DDOG stock opened at $119.70 on Thursday. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The firm has a market cap of $41.34 billion, a P/E ratio of 234.71, a P/E/G ratio of 44.03 and a beta of 1.12. The business’s 50 day moving average is $104.27 and its 200-day moving average is $124.64.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $761.55 million for the quarter, compared to analyst estimates of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. Datadog’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 EPS. Sell-side analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Institutional Investors Weigh In On Datadog

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

Wall Street Analyst Weigh In

DDOG has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $119.00 price target on shares of Datadog 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 on the stock in a research note on Monday, May 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $134.00 target price on shares of Datadog in a research note on Wednesday, May 7th. Wells Fargo & Company lowered their target price on Datadog from $140.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 7th. Finally, Truist Financial lowered their target price on Datadog from $140.00 to $120.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.04.

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.