Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel Sells 23,924 Shares of Stock

Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel sold 23,924 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $130.05, for a total value of $3,111,316.20. Following the completion of the transaction, the chief executive officer now owns 337,247 shares of the company’s stock, valued at $43,858,972.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, March 4th, Olivier Pomel sold 42,080 shares of Datadog stock. The shares were 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 Trading Down 1.4 %

DDOG opened at $125.25 on Friday. Datadog, Inc. has a fifty-two week low of $63.00 and a fifty-two week high of $138.61. The firm has a market capitalization of $41.57 billion, a PE ratio of 1,043.75 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. The company’s 50-day moving average is $125.21 and its 200 day moving average is $116.73.

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

Hedge Funds Weigh In On Datadog

A number of hedge funds have recently bought and sold shares of DDOG. Parsons Capital Management Inc. RI boosted its holdings in Datadog by 1.8% during the first quarter. Parsons Capital Management Inc. RI now owns 4,890 shares of the company’s stock worth $604,000 after purchasing an additional 88 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Datadog by 1.0% in the fourth quarter. Panagora Asset Management Inc. now owns 9,026 shares of the company’s stock valued at $1,096,000 after acquiring an additional 89 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Datadog by 17.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the company’s stock valued at $78,000 after acquiring an additional 97 shares in the last quarter. AM Squared Ltd increased its position in shares of Datadog by 25.0% during the fourth quarter. AM Squared Ltd now owns 500 shares of the company’s stock valued at $61,000 after acquiring an additional 100 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in Datadog by 3.2% during the fourth quarter. Yousif Capital Management LLC now owns 3,183 shares of the company’s stock worth $386,000 after acquiring an additional 100 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on DDOG. William Blair restated an “outperform” rating on shares of Datadog in a report on Friday, February 16th. Needham & Company LLC raised their price objective on Datadog from $125.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Royal Bank of Canada lifted their price objective on Datadog from $145.00 to $151.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Canaccord Genuity Group reissued a “buy” rating and set a $150.00 target price on shares of Datadog in a research report on Friday, February 23rd. Finally, Mizuho boosted their price target on shares of Datadog from $108.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Five equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus price target of $131.70.

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.