Insider Selling: Datadog, Inc. (NASDAQ:DDOG) CEO Sells 23,924 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 23,924 shares of Datadog stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $130.05, for a total transaction of $3,111,316.20. Following the completion of the sale, the chief executive officer now owns 337,247 shares of the company’s stock, valued at approximately $43,858,972.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, March 4th, Olivier Pomel sold 42,080 shares of Datadog stock. The stock was sold at an average price of $128.58, for a total value of $5,410,646.40.
• On Monday, February 26th, Olivier Pomel sold 19,226 shares of Datadog stock. The stock was sold at an average price of $130.06, for a total transaction of $2,500,533.56.
• On Tuesday, February 6th, Olivier Pomel sold 133,315 shares of Datadog stock. The shares were sold at an average price of $129.82, for a total value of $17,306,953.30.

Datadog Trading Down 1.4 %

NASDAQ DDOG traded down $1.82 during trading hours on Thursday, hitting $125.25. 2,940,251 shares of the company’s stock were exchanged, compared to its average volume of 4,033,012. The business’s 50 day moving average is $125.35 and its 200-day moving average is $116.67. The firm has a market capitalization of $41.57 billion, a P/E ratio of 1,058.92 and a beta of 1.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.17 and a current ratio of 3.17. Datadog, Inc. has a 12-month low of $63.00 and a 12-month high of $138.61.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Datadog had a return on equity of 3.79% and a net margin of 2.28%. The company had revenue of $589.65 million for the quarter, compared to the consensus estimate of $568.73 million. During the same period last year, the business posted ($0.08) EPS. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. As a group, analysts anticipate that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DDOG shares. Robert W. Baird boosted their price objective on Datadog from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $150.00 target price on shares of Datadog in a report on Wednesday, April 17th. Wells Fargo & Company raised Datadog from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $130.00 to $150.00 in a report on Tuesday. Barclays upped their price objective on Datadog from $138.00 to $152.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Finally, Citigroup upped their price objective on Datadog from $125.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Five investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average target price of $131.70.

Institutional Investors Weigh In On Datadog

Large investors have recently modified their holdings of the stock. Anchor Investment Management LLC acquired a new stake in Datadog during the 4th quarter valued at approximately $25,000. Riverview Trust Co bought a new position in Datadog during the 1st quarter worth approximately $26,000. Raleigh Capital Management Inc. bought a new stake in shares of Datadog in the 4th quarter worth approximately $29,000. BluePath Capital Management LLC bought a new stake in shares of Datadog in the 3rd quarter worth approximately $31,000. Finally, Private Trust Co. NA lifted its holdings in shares of Datadog by 743.3% in the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock worth $31,000 after purchasing an additional 223 shares during the last quarter. 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.