Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CEO Olivier Pomel sold 84,698 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $232.30, for a total value of $19,675,345.40. Following the completion of the sale, the chief executive officer directly owned 612,747 shares of the company’s stock, valued at approximately $142,341,128.10. This trade represents a 12.14% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Olivier Pomel also recently made the following trade(s):
- On Monday, June 8th, Olivier Pomel sold 127,141 shares of Datadog stock. The shares were sold at an average price of $231.69, for a total value of $29,457,298.29.
- On Tuesday, June 2nd, Olivier Pomel sold 26,012 shares of Datadog stock. The stock was sold at an average price of $267.15, for a total transaction of $6,949,105.80.
- On Tuesday, May 26th, Olivier Pomel sold 84,698 shares of Datadog stock. The stock was sold at an average price of $223.58, for a total transaction of $18,936,778.84.
- On Monday, May 11th, Olivier Pomel sold 127,141 shares of Datadog stock. The stock was sold at an average price of $199.84, for a total transaction of $25,407,857.44.
- On Thursday, April 9th, Olivier Pomel sold 42,443 shares of Datadog stock. The shares were sold at an average price of $111.14, for a total transaction of $4,717,115.02.
Datadog Stock Performance
Shares of Datadog stock traded down $3.63 during mid-day trading on Thursday, hitting $223.00. 8,440,771 shares of the stock were exchanged, compared to its average volume of 5,940,653. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $278.70. The company has a 50-day simple moving average of $184.96 and a 200 day simple moving average of $148.81. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40. The company has a market capitalization of $79.38 billion, a P/E ratio of 586.86, a P/E/G ratio of 24.75 and a beta of 1.56.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on DDOG. Citigroup raised their target price on Datadog from $218.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price target on shares of Datadog in a research report on Wednesday, June 10th. Weiss Ratings raised shares of Datadog from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Craig Hallum assumed coverage on shares of Datadog in a research report on Monday. They issued a “buy” rating on the stock. Finally, CICC Research boosted their target price on shares of Datadog from $150.00 to $204.00 in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $239.48.
Get Our Latest Stock Report on DDOG
Trending Headlines about Datadog
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Truist upgraded Datadog to Buy from Neutral/Hold and raised its price target to $300, citing stronger conviction in the company’s growth story and AI-related opportunity. Truist upgrades Datadog to Buy
- Positive Sentiment: Scotiabank lifted its target to $275 from $225 and kept a Sector Outperform rating, adding to the bullish analyst momentum around DDOG. Scotiabank raises Datadog target
- Positive Sentiment: Citigroup raised its target to $270 from $218 and kept a Buy rating, saying demand remains durable and AI-driven. Citigroup raises Datadog target to $270
- Positive Sentiment: Capital One Financial increased its target to $268 from $217 and reiterated an Overweight rating, reinforcing the view that Datadog’s software platform can keep outperforming. Capital One raises Datadog target
- Negative Sentiment: Several insiders, including the general counsel and two directors, sold shares in pre-arranged 10b5-1 transactions. While routine, insider selling can slightly pressure sentiment. Datadog insider sale details
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in DDOG. Price T Rowe Associates Inc. MD increased its holdings in Datadog by 7.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,423,814 shares of the company’s stock worth $1,961,496,000 after acquiring an additional 956,993 shares during the last quarter. State Street Corp lifted its holdings in Datadog by 106.8% during the third 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 last quarter. Geode Capital Management LLC lifted its holdings in Datadog by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,056,086 shares of the company’s stock valued at $1,227,184,000 after purchasing an additional 197,816 shares during the last quarter. Janus Henderson Group PLC boosted its position in Datadog by 22.8% during the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock worth $905,570,000 after purchasing an additional 1,439,082 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Datadog by 43.7% in the fourth quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock worth $1,036,787,000 after purchasing an additional 2,316,994 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.
Datadog Company Profile
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.
Featured Stories
- Five stocks we like better than Datadog
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.com's FREE daily email newsletter.
