Datadog, Inc. (NASDAQ:DDOG) CEO Sells $28,824,445.44 in Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at $61,236,887.04. This represents a 32.01 % decrease in their position. 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, October 7th, Olivier Pomel sold 85,637 shares of Datadog stock. The shares were sold at an average price of $122.61, for a total value of $10,499,952.57.

Datadog Stock Down 2.4 %

NASDAQ DDOG opened at $153.03 on Friday. The business’s 50-day moving average price is $136.72 and its 200 day moving average price is $123.88. The firm has a market cap of $51.99 billion, a P/E ratio of 288.74, a P/E/G ratio of 20.27 and a beta of 1.11. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DDOG. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Thursday, November 7th. Barclays upped their target price on shares of Datadog from $155.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. UBS Group reiterated an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. TD Cowen reiterated a “buy” rating and set a $165.00 price target on shares of Datadog in a report on Tuesday, November 19th. Finally, Macquarie assumed coverage on shares of Datadog in a report on Thursday. They issued an “outperform” rating and a $200.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average target price of $155.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DDOG. Baader Bank Aktiengesellschaft lifted its holdings in shares of Datadog by 1.5% during the second quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock worth $657,000 after purchasing an additional 77 shares during the period. Pathstone Holdings LLC lifted its stake in shares of Datadog by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after acquiring an additional 91 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Datadog by 19.5% in the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after acquiring an additional 92 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Datadog by 5.2% during the second quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock worth $250,000 after acquiring an additional 95 shares during the period. Finally, WR Wealth Planners LLC raised its holdings in Datadog by 31.6% during the second quarter. WR Wealth Planners LLC now owns 433 shares of the company’s stock worth $56,000 after purchasing an additional 104 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

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.