Olivier Pomel Sells 107,365 Shares of Datadog, Inc. (NASDAQ:DDOG) Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 107,365 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $109.56, for a total transaction of $11,762,909.40. Following the completion of the sale, the chief executive officer now directly owns 435,793 shares of the company’s stock, valued at $47,745,481.08. This represents a 19.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 Trading Up 0.1 %

Shares of NASDAQ DDOG opened at $102.03 on Thursday. The firm has a market capitalization of $34.97 billion, a PE ratio of 200.06, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The firm’s 50-day moving average is $132.57 and its 200-day moving average is $131.45.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. As a group, equities research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on DDOG shares. Guggenheim reissued a “neutral” rating on shares of Datadog in a research report on Wednesday, January 22nd. JMP Securities restated a “market perform” rating on shares of Datadog in a research note on Friday, February 14th. Truist Financial reduced their price objective on shares of Datadog from $150.00 to $140.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Wolfe Research cut shares of Datadog from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada boosted their price objective on shares of Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Institutional Trading of Datadog

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Datadog by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 30,354,229 shares of the company’s stock valued at $4,337,316,000 after acquiring an additional 220,527 shares during the period. Baillie Gifford & Co. raised its position in shares of Datadog by 15.8% in the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock valued at $1,558,234,000 after acquiring an additional 1,484,562 shares during the period. Jennison Associates LLC raised its position in shares of Datadog by 47.9% in the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock valued at $1,325,826,000 after acquiring an additional 3,005,300 shares during the period. Groupama Asset Managment raised its position in shares of Datadog by 407.6% in the 4th quarter. Groupama Asset Managment now owns 6,600,000 shares of the company’s stock valued at $943,074,000 after acquiring an additional 5,299,688 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Datadog by 9.6% during the 4th quarter. Geode Capital Management LLC now owns 5,684,612 shares of the company’s stock worth $811,076,000 after buying an additional 499,055 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.