Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CEO Olivier Pomel sold 84,698 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $232.30, for a total value of $19,675,345.40. Following the completion of the transaction, the chief executive officer directly owned 612,747 shares of the company’s stock, valued at $142,341,128.10. This represents a 12.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Olivier Pomel also recently made the following trade(s):
- On Monday, June 8th, Olivier Pomel sold 127,141 shares of Datadog stock. The shares were sold at an average price of $231.69, for a total value of $29,457,298.29.
- On Tuesday, June 2nd, Olivier Pomel sold 26,012 shares of Datadog stock. The stock was sold at an average price of $267.15, for a total value of $6,949,105.80.
- On Tuesday, May 26th, Olivier Pomel sold 84,698 shares of Datadog stock. The stock was sold at an average price of $223.58, for a total value of $18,936,778.84.
- On Monday, May 11th, Olivier Pomel sold 127,141 shares of Datadog stock. The stock was sold at an average price of $199.84, for a total value of $25,407,857.44.
- On Thursday, April 9th, Olivier Pomel sold 42,443 shares of Datadog stock. The shares were sold at an average price of $111.14, for a total value of $4,717,115.02.
Datadog Stock Performance
Shares of DDOG stock opened at $223.00 on Friday. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $278.70. The stock has a market cap of $79.38 billion, a PE ratio of 586.86, a price-to-earnings-growth ratio of 23.88 and a beta of 1.56. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25. The company’s fifty day moving average price is $189.22 and its 200-day moving average price is $149.77.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on DDOG. Canaccord Genuity Group raised their target price on shares of Datadog from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Oppenheimer boosted their price target on Datadog from $200.00 to $220.00 in a research report on Thursday, May 7th. The Goldman Sachs Group raised their price objective on Datadog from $121.00 to $139.00 and gave the company a “sell” rating in a research report on Tuesday, May 12th. Benchmark lifted their price objective on Datadog from $230.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Finally, Wall Street Zen raised Datadog from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Datadog currently has an average rating of “Moderate Buy” and a consensus price target of $239.48.
Get Our Latest Research Report on DDOG
Institutional Investors Weigh In On Datadog
A number of institutional investors have recently made changes to their positions in DDOG. Rothschild Investment LLC increased its position in shares of Datadog by 126.6% during the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. JPL Wealth Management LLC purchased a new position in Datadog in the 3rd quarter worth approximately $27,000. CoreCap Advisors LLC lifted its position in Datadog by 1,461.5% in the 4th quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after acquiring an additional 190 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Datadog during the 4th quarter valued at $31,000. Finally, NBC Securities Inc. boosted its stake in Datadog by 242.6% during the 4th quarter. NBC Securities Inc. now owns 233 shares of the company’s stock valued at $32,000 after purchasing an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.
Key Stories Impacting Datadog
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Truist upgraded Datadog to Buy from Hold and lifted its price target to $300, citing stronger demand tied to AI observability, cloud monitoring, and security products. Truist upgrades Datadog to Buy from Neutral
- Positive Sentiment: Scotiabank raised its target to $275 from $225 and kept a Sector Outperform rating, reinforcing expectations for further upside. Scotiabank adjusts price target on Datadog to 275 from 225
- Positive Sentiment: Other recent broker actions were also constructive, with Citigroup and Capital One lifting targets to $270 and $268, respectively, as analysts continue to point to durable AI-driven demand. Citi raises Datadog target to 270 citing durable AI-driven demand
- Neutral Sentiment: Coverage around Datadog’s strong Q1 results and observability consolidation strategy remains supportive, but it largely reiterates the company’s existing growth story rather than introducing a new catalyst. Can Observability Consolidation Create a Larger Opportunity for DDOG?
- Negative Sentiment: Recent insider selling by CEO Olivier Pomel and General Counsel Kerry Acocella may be creating some sentiment pressure, even though the trades were made under pre-arranged 10b5-1 plans. Datadog insider trade details
About Datadog
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
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