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 firm’s stock in a transaction 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 in the company, valued at approximately $43,858,972.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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 value 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 DDOG opened at $131.45 on Friday. The business’s 50-day moving average is $125.25 and its 200-day moving average is $117.01. Datadog, Inc. has a fifty-two week low of $63.00 and a fifty-two week high of $138.61. The company has a market capitalization of $43.62 billion, a price-to-earnings ratio of 1,095.42 and a beta of 1.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.17 and a quick ratio of 3.17.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, February 13th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Datadog had a net margin of 2.28% and a return on equity of 3.79%. The company had revenue of $589.65 million during the quarter, compared to analyst estimates of $568.73 million. During the same quarter last year, the business posted ($0.08) EPS. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. Equities research analysts expect that Datadog, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new stake in shares of Datadog during the 4th quarter valued at about $25,000. Riverview Trust Co acquired a new stake in Datadog in the first quarter valued at approximately $26,000. Raleigh Capital Management Inc. bought a new stake in Datadog in the fourth quarter worth approximately $29,000. BluePath Capital Management LLC acquired a new position in shares of Datadog during the 3rd quarter worth $31,000. Finally, Private Trust Co. NA raised its holdings in shares of Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after purchasing an additional 223 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Canaccord Genuity Group restated a “buy” rating and issued a $150.00 price target on shares of Datadog in a research note on Friday, February 23rd. BMO Capital Markets reiterated an “outperform” rating and set a $155.00 price target (up previously from $140.00) on shares of Datadog in a research report on Wednesday, February 14th. Stifel Nicolaus reissued a “buy” rating and issued a $152.00 price target on shares of Datadog in a research note on Monday, April 22nd. Robert W. Baird lifted their price objective on shares of Datadog from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Finally, Citigroup increased their target price on shares of Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Five research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and a consensus price target of $131.70.

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.