Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel Sells 11,195 Shares

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 11,195 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $139.86, for a total value of $1,565,732.70. Following the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at $53,103,862.98. This represents a 2.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, December 18th, Olivier Pomel sold 19,226 shares of Datadog stock. The shares were sold at an average price of $153.73, for a total transaction of $2,955,612.98.
• On Monday, December 9th, Olivier Pomel sold 178,723 shares of Datadog stock. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44.

Datadog Price Performance

Shares of DDOG stock opened at $142.61 on Friday. The company has a market capitalization of $48.45 billion, a PE ratio of 269.08, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14. The firm’s 50-day moving average is $148.26 and its two-hundred day moving average is $129.30. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08.

Analysts Set New Price Targets

Several research firms have recently commented on DDOG. Loop Capital lifted their price objective on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Citigroup boosted their price target on Datadog from $157.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Jefferies Financial Group lifted their target price on Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, January 6th. BMO Capital Markets increased their price target on shares of Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, BNP Paribas began coverage on shares of Datadog in a research note on Tuesday, October 8th. They set an “outperform” rating and a $150.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $157.59.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC raised its position in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in Datadog in the 4th quarter valued at about $30,000. Avior Wealth Management LLC lifted its position in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after buying an additional 115 shares during the period. Finally, Quarry LP acquired a new stake in shares of Datadog during the third quarter valued at about $33,000. 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.