Datadog (NASDAQ:DDOG) CEO Olivier Pomel Sells 32,923 Shares

Key Points

• Datadog CEO Olivier Pomel sold 32,923 shares of the company on October 7th for a total value of approximately $5.08 million, reducing his ownership by 5.81%.
• The stock price of Datadog dropped by $0.05 to reach $164.07 during trading, with a market cap of $57.22 billion.
• Datadog reported a 28.1% increase in quarterly revenue year-over-year and exceeded earnings estimates with $0.46 EPS for the quarter ending August 7th.

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CEO Olivier Pomel sold 32,923 shares of the stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $154.43, for a total value of $5,084,298.89. Following the transaction, the chief executive officer directly owned 533,358 shares of the company's stock, valued at $82,366,475.94. This trade represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, October 9th, Olivier Pomel sold 63,939 shares of Datadog stock. The stock was sold at an average price of $165.02, for a total value of $10,551,213.78.
• On Wednesday, October 8th, Olivier Pomel sold 25,620 shares of Datadog stock. The stock was sold at an average price of $165.01, for a total transaction of $4,227,556.20.
• On Tuesday, September 23rd, Olivier Pomel sold 11,195 shares of Datadog stock. The stock was sold at an average price of $137.94, for a total value of $1,544,238.30.
• On Monday, September 8th, Olivier Pomel sold 32,923 shares of Datadog stock. The stock was sold at an average price of $135.74, for a total value of $4,468,968.02.
• On Tuesday, September 2nd, Olivier Pomel sold 15,357 shares of Datadog stock. The stock was sold at an average price of $133.85, for a total value of $2,055,534.45.
• On Monday, August 11th, Olivier Pomel sold 32,923 shares of Datadog stock. The shares were sold at an average price of $130.38, for a total transaction of $4,292,500.74.
• On Monday, July 28th, Olivier Pomel sold 11,195 shares of Datadog stock. The stock was sold at an average price of $150.82, for a total value of $1,688,429.90.

Datadog Price Performance

Datadog stock traded down $0.05 during mid-day trading on Thursday, reaching $164.07. 3,387,628 shares of the company were exchanged, compared to its average volume of 5,666,186. The firm has a market cap of $57.22 billion, a PE ratio of 468.78, a PEG ratio of 60.46 and a beta of 1.21. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The company has a fifty day simple moving average of $137.11 and a 200-day simple moving average of $124.51. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. The company had revenue of $826.76 million for the quarter, compared to analyst estimates of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.Datadog's quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 EPS. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. As a group, equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Motley Fool Asset Management LLC grew its stake in shares of Datadog by 149.0% in the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company's stock valued at $3,783,000 after buying an additional 22,818 shares during the period. LBP AM SA lifted its holdings in shares of Datadog by 40.2% in the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock worth $41,649,000 after purchasing an additional 120,343 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Datadog by 24.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock valued at $78,112,000 after purchasing an additional 156,152 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Datadog by 178.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company's stock valued at $9,032,000 after purchasing an additional 58,369 shares in the last quarter. Finally, Mizuho Markets Americas LLC acquired a new position in Datadog during the first quarter worth $15,526,000. 78.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Stifel Nicolaus upped their price objective on Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a research report on Thursday, June 26th. Wells Fargo & Company assumed coverage on shares of Datadog in a report on Tuesday, September 30th. They issued an "overweight" rating and a $190.00 target price for the company. Cantor Fitzgerald raised their price target on shares of Datadog from $171.00 to $179.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Guggenheim reaffirmed a "sell" rating and issued a $105.00 target price on shares of Datadog in a report on Tuesday, July 8th. Finally, DA Davidson upped their price objective on Datadog from $170.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, October 3rd. Twenty-four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Datadog presently has a consensus rating of "Moderate Buy" and an average target price of $158.46.

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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