Datadog (NASDAQ:DDOG) CEO Olivier Pomel Sells 62,682 Shares

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 62,682 shares of Datadog stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $163.90, for a total transaction of $10,273,579.80. Following the completion of the sale, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at $87,417,376.20. The trade was a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Wednesday, October 22nd, Olivier Pomel sold 11,195 shares of Datadog stock. The stock was sold at an average price of $154.35, for a total transaction of $1,727,948.25.
• On Tuesday, October 7th, Olivier Pomel sold 32,923 shares of Datadog stock. The stock was sold at an average price of $154.43, for a total transaction of $5,084,298.89.
• On Thursday, October 9th, Olivier Pomel sold 63,939 shares of Datadog stock. The stock was sold at an average price of $165.02, for a total transaction of $10,551,213.78.
• On Wednesday, October 8th, Olivier Pomel sold 25,620 shares of Datadog stock. The shares were sold at an average price of $165.01, for a total transaction of $4,227,556.20.
• On Tuesday, September 23rd, Olivier Pomel sold 11,195 shares of Datadog stock. The shares were sold at an average price of $137.94, for a total value of $1,544,238.30.
• On Monday, September 8th, Olivier Pomel sold 32,923 shares of Datadog stock. The stock was sold at an average price of $135.74, for a total value of $4,468,968.02.
• On Tuesday, September 2nd, Olivier Pomel sold 15,357 shares of Datadog stock. The stock was sold at an average price of $133.85, for a total value of $2,055,534.45.
• On Monday, August 11th, Olivier Pomel sold 32,923 shares of Datadog stock. The stock was sold at an average price of $130.38, for a total value of $4,292,500.74.

Datadog Stock Down 1.6%

DDOG opened at $154.98 on Thursday. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. The stock’s fifty day moving average is $147.78 and its 200-day moving average is $133.51. The company has a market capitalization of $54.05 billion, a PE ratio of 442.81, a P/E/G ratio of 61.63 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. During the same quarter in the previous year, the business earned $0.43 EPS. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. On average, equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DDOG. Cibc Captl Mkts raised Datadog to a “hold” rating in a research note on Monday. Monness Crespi & Hardt lifted their target price on Datadog from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. DA Davidson lifted their target price on Datadog from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Capital One Financial lifted their target price on Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. Finally, BMO Capital Markets lifted their target price on Datadog from $150.00 to $154.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Twenty-six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.10.

Institutional Trading of Datadog

Several hedge funds and other institutional investors have recently modified their holdings of DDOG. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Datadog by 887.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock worth $25,000 after buying an additional 22,646 shares during the period. Physician Wealth Advisors Inc. boosted its position in shares of Datadog by 315.2% in the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after buying an additional 145 shares during the period. Westside Investment Management Inc. boosted its position in shares of Datadog by 74.3% in the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after buying an additional 75 shares during the period. Tripletail Wealth Management LLC acquired a new stake in shares of Datadog in the third quarter worth $28,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Datadog in the third quarter worth $28,000. 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.