Olivier Pomel Sells 23,924 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 23,924 shares of the 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 transaction, the chief executive officer now directly owns 337,247 shares of the company’s stock, valued at $43,858,972.35. The sale was disclosed in a document filed with the SEC, which can be accessed 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 transaction 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 transaction of $17,306,953.30.

Datadog Price Performance

Shares of NASDAQ DDOG traded down $1.82 during mid-day trading on Thursday, reaching $125.25. The company had a trading volume of 2,940,251 shares, compared to its average volume of 4,033,012. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.37. The stock has a market cap of $41.57 billion, a PE ratio of 1,058.92 and a beta of 1.15. The company has a 50-day moving average price of $125.35 and a two-hundred day moving average price of $116.67. Datadog, Inc. has a 1-year low of $63.00 and a 1-year high of $138.61.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share for the quarter, beating 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 business had revenue of $589.65 million for the quarter, compared to the consensus estimate of $568.73 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. Datadog’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, equities analysts anticipate that Datadog, Inc. will post -0.14 earnings per share for the current year.

Analysts Set New Price Targets

DDOG has been the topic of several research analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a $150.00 price objective on shares of Datadog in a report on Friday, February 23rd. Robert W. Baird lifted their target price on Datadog from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Wolfe Research lifted their target price on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. Truist Financial boosted their price objective on Datadog from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $155.00 price target (up from $140.00) on shares of Datadog in a report on Wednesday, February 14th. Five research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus price target of $131.70.

Institutional Trading of Datadog

Several large investors have recently made changes to their positions in DDOG. Parsons Capital Management Inc. RI lifted its position in shares of Datadog by 1.8% during the 1st quarter. Parsons Capital Management Inc. RI now owns 4,890 shares of the company’s stock worth $604,000 after buying an additional 88 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Datadog by 1.0% in the 4th quarter. Panagora Asset Management Inc. now owns 9,026 shares of the company’s stock valued at $1,096,000 after buying an additional 89 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Datadog by 17.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company’s stock valued at $78,000 after buying an additional 97 shares during the period. AM Squared Ltd boosted its position in shares of Datadog by 25.0% in the 4th quarter. AM Squared Ltd now owns 500 shares of the company’s stock worth $61,000 after purchasing an additional 100 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its position in shares of Datadog by 3.2% in the 4th quarter. Yousif Capital Management LLC now owns 3,183 shares of the company’s stock worth $386,000 after purchasing an additional 100 shares during the last quarter. Institutional investors 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.