Datadog, Inc. (NASDAQ:DDOG) CEO Sells $13,067,394.15 in Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 107,365 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $121.71, for a total value of $13,067,394.15. Following the completion of the transaction, the chief executive officer now directly owns 548,715 shares in the company, valued at $66,784,102.65. This represents a 16.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, June 2nd, Olivier Pomel sold 15,227 shares of Datadog stock. The shares were sold at an average price of $116.84, for a total value of $1,779,122.68.
• On Monday, April 7th, Olivier Pomel sold 107,365 shares of Datadog stock. The shares were sold at an average price of $87.33, for a total value of $9,376,185.45.

Datadog Trading Down 1.8%

Shares of DDOG stock opened at $120.45 on Friday. The stock has a market capitalization of $41.60 billion, a P/E ratio of 236.18, a PEG ratio of 44.03 and a beta of 1.01. The firm’s 50 day moving average is $108.01 and its 200 day moving average is $123.55. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The company had revenue of $761.55 million for the quarter, compared to analysts’ expectations of $741.73 million. Datadog had a net margin of 6.85% and a return on equity of 8.28%. Datadog’s revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 EPS. On average, equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DDOG. Barclays boosted their price objective on Datadog from $125.00 to $128.00 and gave the company an “overweight” rating in a research note on Tuesday, May 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $134.00 price objective on shares of Datadog in a research note on Wednesday, May 7th. Needham & Company LLC boosted their price objective on Datadog from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday. JMP Securities reissued a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $119.00 price objective on shares of Datadog in a research note on Wednesday, May 7th. Six investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Datadog has an average rating of “Moderate Buy” and a consensus target price of $142.25.

Institutional Trading of Datadog

Hedge funds and other institutional investors have recently bought and sold shares of the company. Putney Financial Group LLC bought a new stake in Datadog during the 4th quarter worth approximately $32,000. Elequin Capital LP bought a new stake in Datadog during the 4th quarter worth approximately $34,000. Coppell Advisory Solutions LLC increased its holdings in Datadog by 178.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company’s stock worth $40,000 after acquiring an additional 177 shares during the period. Costello Asset Management INC bought a new stake in Datadog during the 1st quarter worth approximately $30,000. Finally, Summit Securities Group LLC bought a new stake in Datadog during the 4th quarter worth approximately $43,000. Institutional investors own 78.29% of the company’s stock.

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.