Datadog, Inc. (NASDAQ:DDOG) CEO Sells $1,688,429.90 in Stock

Key Points

• Olivier Pomel, CEO of Datadog, sold 11,195 shares of the company's stock for approximately $1.69 million, resulting in a 2.00% decrease in his ownership.
• Datadog's stock recently traded down by 0.9% to $148.88, with a market capitalization of $51.42 billion and a P/E ratio of 323.66.
• The company reported earnings of $0.46 per share in its latest quarterly results, surpassing analysts' expectations of $0.42, and demonstrating a year-over-year revenue growth of 24.6%.

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CEO Olivier Pomel sold 11,195 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $150.82, for a total value of $1,688,429.90. Following the completion of the transaction, the chief executive officer owned 548,715 shares of the company's stock, valued at $82,757,196.30. The trade was a 2.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, July 8th, Olivier Pomel sold 32,924 shares of Datadog stock. The stock was sold at an average price of $146.05, for a total value of $4,808,550.20.
• On Wednesday, June 25th, Olivier Pomel sold 100,754 shares of Datadog stock. The stock was sold at an average price of $131.88, for a total value of $13,287,437.52.
• 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 value of $13,067,394.15.
• On Monday, June 2nd, Olivier Pomel sold 15,227 shares of Datadog stock. The shares were sold at an average price of $116.84, for a total value of $1,779,122.68.

Datadog Trading Down 0.9%

NASDAQ DDOG traded down $1.39 during trading on Wednesday, hitting $148.88. 3,831,821 shares of the company's stock traded hands, compared to its average volume of 5,812,038. The stock has a fifty day moving average of $131.69 and a two-hundred day moving average of $120.82. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.74 and a quick ratio of 2.74. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The firm has a market cap of $51.42 billion, a P/E ratio of 323.66, a PEG ratio of 82.91 and a beta of 1.03.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on DDOG. Barclays lifted their price target on Datadog from $128.00 to $170.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Needham & Company LLC set a $140.00 price objective on Datadog and gave the company a "buy" rating in a research note on Thursday, June 12th. UBS Group lifted their price objective on shares of Datadog from $140.00 to $165.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Wolfe Research upgraded shares of Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a report on Thursday, June 12th. Finally, DA Davidson boosted their price target on shares of Datadog from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the company's stock. According to MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and a consensus price target of $146.79.

Institutional Investors Weigh In On Datadog

Several institutional investors and hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC lifted its position in Datadog by 13.8% during the second quarter. V Square Quantitative Management LLC now owns 601 shares of the company's stock valued at $81,000 after buying an additional 73 shares during the period. Biltmore Wealth Management LLC increased its stake in shares of Datadog by 1.5% during the second quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company's stock valued at $769,000 after purchasing an additional 86 shares in the last quarter. Emerald Advisers LLC increased its stake in shares of Datadog by 1.1% during the first quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock valued at $923,000 after purchasing an additional 97 shares in the last quarter. YANKCOM Partnership increased its stake in Datadog by 12.0% during the 1st quarter. YANKCOM Partnership now owns 927 shares of the company's stock valued at $92,000 after purchasing an additional 99 shares in the last quarter. Finally, SageView Advisory Group LLC raised its holdings in Datadog by 4.9% in the fourth quarter. SageView Advisory Group LLC now owns 2,176 shares of the company's stock worth $311,000 after buying an additional 101 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

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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