Datadog, Inc. (NASDAQ:DDOG) CEO Sells $13,287,437.52 in Stock

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CEO Olivier Pomel sold 100,754 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $131.88, for a total transaction of $13,287,437.52. Following the completion of the sale, the chief executive officer now owns 548,715 shares of the company's stock, valued at $72,364,534.20. This trade represents a 15.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, June 9th, Olivier Pomel sold 107,365 shares of Datadog stock. The stock was sold at an average price of $121.71, for a total transaction of $13,067,394.15.
• On Monday, June 2nd, Olivier Pomel sold 15,227 shares of Datadog stock. The stock was sold at an average price of $116.84, for a total transaction of $1,779,122.68.
• On Monday, April 7th, Olivier Pomel sold 107,365 shares of Datadog stock. The shares were sold at an average price of $87.33, for a total value of $9,376,185.45.

Datadog Trading Up 0.7%

Shares of NASDAQ:DDOG traded up $0.88 during trading on Thursday, reaching $131.12. The stock had a trading volume of 3,881,401 shares, compared to its average volume of 4,434,815. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.34. The stock has a market cap of $45.28 billion, a P/E ratio of 285.05, a PEG ratio of 72.37 and a beta of 1.01. The business has a fifty day moving average price of $113.64 and a 200-day moving average price of $121.91. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.42 by $0.04. Datadog had a net margin of 5.85% and a return on equity of 6.39%. The firm had revenue of $761.55 million during the quarter, compared to analysts' expectations of $741.73 million. During the same period in the previous year, the company earned $0.44 EPS. Datadog's revenue for the quarter was up 24.6% on a year-over-year basis. As a group, analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Datadog

Several hedge funds have recently modified their holdings of DDOG. Farther Finance Advisors LLC raised its stake in Datadog by 5.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company's stock worth $265,000 after purchasing an additional 92 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Datadog by 16.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 663 shares of the company's stock worth $95,000 after buying an additional 94 shares during the last quarter. Emerald Advisers LLC increased its holdings in shares of Datadog by 1.1% during the 1st quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock worth $923,000 after buying an additional 97 shares during the last quarter. YANKCOM Partnership raised its position in shares of Datadog by 12.0% in the 1st quarter. YANKCOM Partnership now owns 927 shares of the company's stock worth $92,000 after buying an additional 99 shares during the period. Finally, Kovack Advisors Inc. boosted its holdings in Datadog by 2.1% in the fourth quarter. Kovack Advisors Inc. now owns 4,899 shares of the company's stock valued at $700,000 after acquiring an additional 100 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on DDOG shares. Rosenblatt Securities lowered their price target on shares of Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $119.00 price objective on shares of Datadog in a research note on Wednesday, May 7th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Datadog in a research note on Tuesday, May 6th. Stifel Nicolaus increased their price target on Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a research report on Thursday. Finally, Wedbush reaffirmed an "outperform" rating and set a $140.00 price objective on shares of Datadog in a research report on Wednesday, June 11th. Six research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $143.03.

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.

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