Datadog, Inc. (NASDAQ:DDOG – Get Free Report) CEO Olivier Pomel sold 85,637 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $98.15, for a total value of $8,405,271.55. Following the completion of the sale, the chief executive officer now directly owns 317,784 shares of the company’s stock, valued at $31,190,499.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Olivier Pomel also recently made the following trade(s):
- On Tuesday, September 5th, Olivier Pomel sold 18,702 shares of Datadog stock. The shares were sold at an average price of $96.25, for a total value of $1,800,067.50.
- On Wednesday, August 9th, Olivier Pomel sold 85,637 shares of Datadog stock. The shares were sold at an average price of $86.20, for a total value of $7,381,909.40.
- On Wednesday, July 12th, Olivier Pomel sold 85,637 shares of Datadog stock. The shares were sold at an average price of $106.13, for a total value of $9,088,654.81.
Datadog Stock Down 3.0 %
DDOG opened at $94.55 on Friday. Datadog, Inc. has a 1-year low of $61.34 and a 1-year high of $118.02. The stock’s fifty day simple moving average is $100.76 and its 200 day simple moving average is $87.88. The company has a current ratio of 3.41, a quick ratio of 3.42 and a debt-to-equity ratio of 0.45. The stock has a market cap of $30.73 billion, a PE ratio of -363.65, a price-to-earnings-growth ratio of 1,666.32 and a beta of 0.98.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on DDOG. Barclays decreased their price objective on Datadog from $134.00 to $104.00 and set an “overweight” rating for the company in a research report on Tuesday, August 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $100.00 price objective on shares of Datadog in a research report on Tuesday, July 18th. Wolfe Research upgraded Datadog from a “peer perform” rating to an “outperform” rating and set a $140.00 price objective for the company in a research report on Monday, July 24th. TheStreet upgraded Datadog from a “d” rating to a “c-” rating in a research report on Tuesday, May 30th. Finally, Bank of America boosted their price objective on Datadog from $110.00 to $130.00 in a research report on Wednesday, July 26th. Six equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.45.
View Our Latest Analysis on Datadog
Institutional Investors Weigh In On Datadog
Large investors have recently added to or reduced their stakes in the business. Keybank National Association OH raised its stake in Datadog by 54.0% in the 1st quarter. Keybank National Association OH now owns 7,572 shares of the company’s stock valued at $550,000 after acquiring an additional 2,656 shares during the period. EverSource Wealth Advisors LLC increased its position in Datadog by 329.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 725 shares of the company’s stock worth $53,000 after buying an additional 556 shares during the period. RMB Capital Management LLC increased its position in Datadog by 68.7% during the 1st quarter. RMB Capital Management LLC now owns 25,340 shares of the company’s stock worth $1,841,000 after buying an additional 10,315 shares during the period. LGT Group Foundation increased its position in Datadog by 6.0% during the 1st quarter. LGT Group Foundation now owns 108,982 shares of the company’s stock worth $7,919,000 after buying an additional 6,203 shares during the period. Finally, DnB Asset Management AS bought a new position in Datadog during the 1st quarter worth $2,761,000. Institutional investors own 68.30% of the company’s stock.
Datadog Company Profile
Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management.
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