Datadog, Inc. (NASDAQ:DDOG) CEO Sells $11,762,909.40 in Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 107,365 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $109.56, for a total value of $11,762,909.40. Following the completion of the transaction, the chief executive officer now owns 435,793 shares in the company, valued at approximately $47,745,481.08. The trade was a 19.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, January 27th, Olivier Pomel sold 11,195 shares of Datadog stock. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70.
• On Wednesday, December 18th, Olivier Pomel sold 19,226 shares of Datadog stock. The stock was sold at an average price of $153.73, for a total transaction of $2,955,612.98.

Datadog Stock Down 3.3 %

DDOG stock opened at $98.68 on Friday. The stock has a 50-day simple moving average of $131.67 and a two-hundred day simple moving average of $131.22. Datadog, Inc. has a twelve month low of $98.30 and a twelve month high of $170.08. The firm has a market capitalization of $33.82 billion, a PE ratio of 193.49, a PEG ratio of 44.03 and a beta of 1.22.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. On average, equities research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Morgan Stanley reiterated an “equal weight” rating and set a $143.00 price target on shares of Datadog in a research note on Thursday, January 16th. Loop Capital lifted their target price on Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Wells Fargo & Company lowered Datadog from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $152.00 to $140.00 in a research report on Thursday, February 13th. Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and cut their price objective for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. Finally, Truist Financial lowered their target price on shares of Datadog from $150.00 to $140.00 and set a “hold” rating for the company in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Hedge Funds Weigh In On Datadog

Several institutional investors have recently modified their holdings of the company. Retirement Wealth Solutions LLC bought a new stake in shares of Datadog in the 4th quarter worth approximately $30,000. Putney Financial Group LLC purchased a new position in Datadog in the 4th quarter worth $32,000. Avior Wealth Management LLC grew its stake in shares of Datadog by 55.9% during 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. Elequin Capital LP purchased a new position in shares of Datadog in the fourth quarter worth about $34,000. Finally, True Wealth Design LLC lifted its stake in shares of Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

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.