Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CEO Olivier Pomel sold 127,141 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $199.84, for a total value of $25,407,857.44. Following the sale, the chief executive officer owned 835,679 shares in the company, valued at $167,002,091.36. This represents a 13.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Olivier Pomel also recently made the following trade(s):
- On Thursday, April 9th, Olivier Pomel sold 42,443 shares of Datadog stock. The stock was sold at an average price of $111.14, for a total value of $4,717,115.02.
- On Monday, March 16th, Olivier Pomel sold 42,443 shares of Datadog stock. The stock was sold at an average price of $126.80, for a total value of $5,381,772.40.
- On Monday, March 2nd, Olivier Pomel sold 68,922 shares of Datadog stock. The stock was sold at an average price of $110.54, for a total value of $7,618,637.88.
Datadog Trading Up 2.7%
Shares of DDOG stock opened at $205.31 on Thursday. The firm has a market capitalization of $72.39 billion, a P/E ratio of 540.30, a P/E/G ratio of 69.16 and a beta of 1.30. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $205.44. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $131.57 and its 200 day simple moving average is $138.28.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Datadog in a report on Monday, April 20th. Benchmark reaffirmed a “buy” rating on shares of Datadog in a report on Thursday, May 7th. Monness Crespi & Hardt lifted their target price on Datadog from $255.00 to $270.00 in a report on Thursday, May 7th. Citigroup lifted their target price on Datadog from $175.00 to $218.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Truist Financial lifted their target price on Datadog from $120.00 to $190.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and a consensus target price of $213.38.
Get Our Latest Research Report on DDOG
Key Datadog News
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Datadog’s latest earnings report beat expectations on both revenue and profit, while management’s raised outlook signaled continued momentum in demand. DDOG Q1 Deep Dive: AI Adoption and Product Expansion Drive Strong Growth
- Positive Sentiment: Several analysts turned more constructive after earnings, including Daiwa Securities raising its price target to $240 and other firms reiterating buy-equivalent views, which supports the stock’s valuation. MarketScreener
- Positive Sentiment: Recent commentary has framed Datadog as an AI winner rather than a SaaS laggard, helping sentiment and trading interest in DDOG. Barchart
- Neutral Sentiment: Datadog also announced upcoming investor conference presentations, which may keep the stock in focus but does not change fundamentals by itself. Datadog to Present at Upcoming Investor Conference
- Negative Sentiment: Multiple insiders, including the CEO and directors, sold shares recently under 10b5-1 plans. While routine, the cluster of sales could temper some investor enthusiasm. SEC filing
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in DDOG. Vanguard Group Inc. lifted its stake in shares of Datadog by 30.3% in the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after purchasing an additional 9,748,738 shares during the period. State Street Corp lifted its stake in shares of Datadog by 106.8% in the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after purchasing an additional 7,091,075 shares during the period. Norges Bank acquired a new position in shares of Datadog in the 4th quarter valued at about $469,461,000. Jennison Associates LLC lifted its stake in shares of Datadog by 43.7% in the 4th quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock valued at $1,036,787,000 after purchasing an additional 2,316,994 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Datadog by 119.2% in the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock valued at $580,383,000 after purchasing an additional 2,216,402 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.
About Datadog
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
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