Datadog, Inc. (NASDAQ:DDOG) CEO Olivier Pomel Sells 85,637 Shares

Posted by on Apr 13th, 2023

Datadog, Inc. (NASDAQ:DDOG – Get Rating) CEO Olivier Pomel sold 85,637 shares of the business’s stock in a transaction on Monday, April 10th. The shares were sold at an average price of $65.30, for a total value of $5,592,096.10. Following the completion of the sale, the chief executive officer now owns 268,131 shares in the company, valued at approximately $17,508,954.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Wednesday, March 8th, Olivier Pomel sold 85,637 shares of Datadog stock. The shares were sold at an average price of $72.79, for a total value of $6,233,517.23.
  • On Thursday, March 2nd, Olivier Pomel sold 26,424 shares of Datadog stock. The shares were sold at an average price of $73.69, for a total value of $1,947,184.56.
  • On Monday, February 13th, Olivier Pomel sold 85,637 shares of Datadog stock. The stock was sold at an average price of $82.62, for a total value of $7,075,328.94.
  • On Thursday, January 26th, Olivier Pomel sold 85,637 shares of Datadog stock. The stock was sold at an average price of $73.98, for a total value of $6,335,425.26.

Datadog Stock Up 3.1 %

DDOG opened at $66.84 on Thursday. Datadog, Inc. has a 12 month low of $61.34 and a 12 month high of $144.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.09 and a quick ratio of 3.09. The stock has a market cap of $21.38 billion, a P/E ratio of -417.75 and a beta of 0.97. The stock’s 50 day moving average price is $73.75 and its 200 day moving average price is $75.73.

Datadog (NASDAQ:DDOG – Get Rating) last posted its earnings results on Thursday, February 16th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. Datadog had a negative return on equity of 2.61% and a negative net margin of 2.99%. The firm had revenue of $469.40 million for the quarter, compared to analysts’ expectations of $447.02 million. As a group, research analysts predict that Datadog, Inc. will post -0.1 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on DDOG. Oppenheimer upgraded Datadog from a “market perform” rating to an “outperform” rating and set a $105.00 price target on the stock in a report on Wednesday, December 14th. Barclays lowered their price objective on Datadog from $98.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, January 10th. Rosenblatt Securities reaffirmed a “buy” rating and set a $105.00 price objective on shares of Datadog in a research report on Thursday, March 9th. Morgan Stanley lowered their price objective on Datadog from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, February 17th. Finally, Citigroup upped their price objective on Datadog from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Six investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $109.52.

Hedge Funds Weigh In On Datadog

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cigna Investments Inc. New boosted its stake in Datadog by 4.9% during the 3rd quarter. Cigna Investments Inc. New now owns 2,898 shares of the company’s stock valued at $258,000 after purchasing an additional 135 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Datadog by 0.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 44,217 shares of the company’s stock valued at $3,250,000 after purchasing an additional 154 shares in the last quarter. Albert D Mason Inc. boosted its stake in Datadog by 5.1% during the 3rd quarter. Albert D Mason Inc. now owns 3,262 shares of the company’s stock valued at $290,000 after purchasing an additional 157 shares in the last quarter. E Fund Management Co. Ltd. boosted its stake in Datadog by 6.0% during the 3rd quarter. E Fund Management Co. Ltd. now owns 2,866 shares of the company’s stock valued at $254,000 after purchasing an additional 163 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Datadog by 26.3% during the 3rd quarter. UMB Bank n.a. now owns 792 shares of the company’s stock worth $70,000 after acquiring an additional 165 shares in the last quarter. 70.93% of the stock is owned by institutional investors.

About Datadog

(Get Rating)

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.

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