Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel Sells 107,365 Shares

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 107,365 shares of Datadog stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $109.56, for a total value of $11,762,909.40. Following the completion of the transaction, the chief executive officer now owns 435,793 shares of the company’s stock, valued at approximately $47,745,481.08. This represents a 19.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, January 27th, Olivier Pomel sold 11,195 shares of Datadog stock. The shares were sold at an average price of $139.86, for a total value of $1,565,732.70.
• On Wednesday, December 18th, Olivier Pomel sold 19,226 shares of Datadog stock. The shares were sold at an average price of $153.73, for a total transaction of $2,955,612.98.

Datadog Price Performance

Shares of DDOG traded up $0.31 during midday trading on Tuesday, reaching $101.96. 7,553,625 shares of the stock were exchanged, compared to its average volume of 4,036,721. The company has a market capitalization of $34.95 billion, a price-to-earnings ratio of 199.93, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08. The business’s 50-day moving average price is $134.20 and its 200 day moving average price is $131.77.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. As a group, equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of Datadog

Large investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC boosted its stake in shares of Datadog by 172.2% during the third quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock worth $4,469,000 after buying an additional 24,574 shares during the period. ARK Investment Management LLC raised its stake in Datadog by 62.7% during the 4th quarter. ARK Investment Management LLC now owns 127,290 shares of the company’s stock valued at $18,188,000 after acquiring an additional 49,050 shares during the last quarter. Baillie Gifford & Co. lifted its position in Datadog by 15.8% during the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock worth $1,558,234,000 after acquiring an additional 1,484,562 shares during the period. Y Intercept Hong Kong Ltd grew its stake in shares of Datadog by 140.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company’s stock valued at $7,590,000 after purchasing an additional 30,998 shares during the last quarter. Finally, Atom Investors LP acquired a new position in shares of Datadog in the third quarter valued at approximately $1,112,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on DDOG shares. Macquarie reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Datadog in a report on Tuesday, February 11th. Mizuho upped their price target on Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Wolfe Research downgraded Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. Cantor Fitzgerald assumed coverage on shares of Datadog in a research note on Friday, January 17th. They issued an “overweight” rating and a $180.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price objective on shares of Datadog in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $158.70.

About Datadog

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.