Datadog (NASDAQ:DDOG) CEO Olivier Pomel Sells 89,497 Shares of Stock

Key Points

• Datadog CEO Olivier Pomel sold 89,497 shares at an average price of $207.86, generating approximately $18.6 million. The transaction was made under a pre-arranged Rule 10b5-1 trading plan and reduced his ownership by 13.24%.
• Datadog reported quarterly revenue of $1.12 billion, up 35.6% year over year, and earnings per share of $0.65, beating analysts’ estimate of $0.58.
• Despite the insider sale, analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $276.32 versus the reported share price of $221.72.

Datadog, Inc. (NASDAQ:DDOG - Get Free Report) CEO Olivier Pomel sold 89,497 shares of Datadog stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $207.86, for a total value of $18,602,846.42. Following the completion of the transaction, the chief executive officer owned 586,416 shares of the company's stock, valued at approximately $121,892,429.76. This trade represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 2nd, Olivier Pomel sold 26,331 shares of Datadog stock. The stock was sold at an average price of $212.90, for a total transaction of $5,605,869.90.
• On Wednesday, August 19th, Olivier Pomel sold 47,054 shares of Datadog stock. The stock was sold at an average price of $235.49, for a total transaction of $11,080,746.46.
• On Wednesday, August 5th, Olivier Pomel sold 127,141 shares of Datadog stock. The stock was sold at an average price of $286.71, for a total transaction of $36,452,596.11.
• On Thursday, July 23rd, Olivier Pomel sold 47,054 shares of Datadog stock. The stock was sold at an average price of $244.79, for a total value of $11,518,348.66.
• On Tuesday, June 16th, Olivier Pomel sold 84,698 shares of Datadog stock. The shares were sold at an average price of $232.30, for a total transaction of $19,675,345.40.

Datadog Stock Down 1.6%

NASDAQ:DDOG traded down $3.55 during midday trading on Thursday, hitting $221.72. 2,497,985 shares of the company were exchanged, compared to its average volume of 5,478,526. The company has a market capitalization of $79.62 billion, a PE ratio of 452.50, a price-to-earnings-growth ratio of 20.58 and a beta of 1.49. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $292.72. The company has a fifty day simple moving average of $247.14 and a 200 day simple moving average of $195.75. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the company earned $0.46 earnings per share. The company's revenue was up 35.6% compared to the same quarter last year. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. As a group, equities analysts anticipate that Datadog, Inc. will post 0.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Datadog

A number of hedge funds and other institutional investors have recently bought and sold shares of DDOG. EMC Capital Management purchased a new position in shares of Datadog in the 2nd quarter valued at about $28,000. Cornerstone Financial Management LLC boosted its holdings in Datadog by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company's stock worth $33,000 after buying an additional 45 shares in the last quarter. Elevation Wealth Partners LLC grew its position in Datadog by 2,700.0% during the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company's stock worth $44,000 after buying an additional 162 shares during the period. JPL Wealth Management LLC acquired a new position in Datadog during the third quarter worth about $27,000. Finally, Continuum Advisory LLC acquired a new position in Datadog during the second quarter worth about $53,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. DA Davidson reiterated a "buy" rating and set a $315.00 target price on shares of Datadog in a research note on Friday, August 7th. Evercore boosted their price target on Datadog from $225.00 to $265.00 and gave the company an "outperform" rating in a research report on Wednesday, June 10th. Rosenblatt Securities upped their price objective on Datadog from $220.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. BTIG Research increased their price target on Datadog from $255.00 to $289.00 and gave the stock a "buy" rating in a report on Tuesday, July 28th. Finally, Oppenheimer raised their target price on shares of Datadog from $220.00 to $300.00 and gave the stock an "outperform" rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $276.32.

Datadog Company Profile

Datadog, Inc NASDAQ: DDOG is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company's products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.

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